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Commodities on track for first positive year since 2010

Posted on 13 October 2016

Commodities remain on track to record their first year of positive returns since 2010. But with the Bloomberg Commodity index up by less than 10%, it could all still change before year-end. While the energy sector continues to stabilise following a two-year selloff, it has primarily been the precious metals sector with its 26% gain that has helped stop the commodity rout, Ole Hansen, Head of Commodity Strategy at Saxo Bank has said.
Global commodity demand has yet to recover as continued questions about global growth are being asked. Instead, most of the gains – apart from those seen in precious metals – have been due to the supply side adjusting, either through cutting production (oil and industrial metals) or through involuntary disruptions caused by weather (softs), he said in a note……………………………………..Full Article: Source


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