10.06.2016 - Commodities Slightly Decreased in May due to Fundamental Factors
Commodities slightly decreased in May, driven by supply factors and macroeconomic events, according to Credit Suisse Asset Management. The Bloomberg Commodity Index Total Return performance was slightly negative for the month, with 11 out of 22 Index constituents posting losses. Industrial Metals was the worst performing sector, down 7.27%, with all sector commodities yielding negative returns, as demand concerns out of China persisted. Supplies also remained ample, broadly weighing on base metals. Precious Metals declined 7.07%, led lower by Silver, amid a strengthening U.S. Dollar and Chinese industrial demand concerns. (Press Release)