The track of the US economy is important, but seeing a trend of better economic news from China is probably more important to physical commodity markets.
Concerns about the integrity of supply lines from the Middle East are likely to push up crude oil futures in the near term, according to Bloomberg.
The monetary unit of Russia drove toward its top value in about 14 days on Monday, propelled higher by a brighter outlook about monetary policy in the U.S. and Europe driving up Russian assets’ allure, according to Bloomberg.
Indications about expansion and growth in the globe’s two top users prompted West Texas Intermediate crude oil futures to push toward their top value in three days on Monday, according to Bloomberg.
Wheat futures lost value on Monday as stronger, more favorable weather forecasts for regions of the U.S. spurred strong prospects for crops, according to Bloomberg.
The growing value of the world’s reserve currency and the economy it supports dragged down gold futures on Thursday as the yellowish metal sank to its lowest rate since early February, according to Bloomberg.
Confidence about strong global supplies prompted Brent crude oil futures to drop toward their lowest level in five days early during the midweek trading session, according to Bloomberg.
The strengthening U.S. dollar prompted the value of precious metals to slip as the trade week came to a close, according to Bloomberg.
Gold futures were hovering about the psychological price of $1,300 per troy ounce on Tuesday, ebbing and flowing as silver futures also remained even, according to Bloomberg.
Global economic progress is apparently faltering, and noted fund managers are warning against having “too much equity market exposure.”