| The World Bank has revised upwards its forecast for many commodity prices in the second half of 2016. Some, it says, might end the year with a lower average price than in 2015 but on the whole, prices have already seen a bottom. It has a positive outlook for energy, non-energy, crude oil and gold; that for fertiliser and metal & minerals is still negative.
Its Commodity Markets outlook for July, a quarterly publication, shows most commodity price indices rebounded in the year's second quarter (Q2) from January lows, on improved market sentiment and tapering supply...............................................Full Article: Source
|