Nissan to lay off thousands of workers as sales drop    Trump picks Susan Wiles as White House chief of staff    Three charged in connection with Liam Payne's death    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    Uproar in Ghana after president unveils his own statue    BD and INS partner to elevate standards of infusion care in MENAT    Qassim emir launches 52 health projects costing a total of SR456 million    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    

Articles of the author Ole S Hansen
WCU: Euphoric growth outlook lifts oil as silver slumps
DUBAI — It has been another dramatic week across financial markets with global stocks trading near all-time highs as corporate profits rebound and central banks remain supportive amid the pandemic while in the US, President Biden is pushing to (...)

08 - 02 - 2021
Commodity roll yields drive expectations for a strong 2021
DUBAI — Commodities have witnessed a strong rally during the second half of 2020. The rally has taken the Bloomberg Commodity Index higher by 15% and has been driven by several and to some extent lasting factors. Apart from a natural normalization (...)

12 - 12 - 2020
OPEC deal lifts oil; metals of all colors in demand
DUBAI — The post-Nov. 9 surge in risk appetite on vaccine optimism extended into December with stock markets, led by Asia, continuing higher while the Bloomberg Dollar Index, which tracks the performance of ten leading global currencies versus the (...)

08 - 12 - 2020
WCU: Metals-led commodity rally on US dollar slump
DUBAI — Since the US election this Tuesday, nearly all assets including most commodities have enjoyed a strong surge. The everything up and US dollar down narrative unfolded despite the prospect of at least two years of political gridlock in (...)

08 - 11 - 2020
The US election, COVID-19 & commodities
DUBAI — As we head into the final quarter of a year that many may wish never happened, the global pandemic will continue assert a major influence on the performance of different sectors: from energy and metals to agriculture. With the pandemic still (...)

15 - 10 - 2020
Gold consolidates strong gains; downside risks mount for crude
DUBAI — The commodity sector has maintained positive momentum so far this August with the Bloomberg Commodity Index trading higher for a fourth consecutive month. However, following the pandemic-led collapse during the first quarter, the (...)

23 - 08 - 2020
Commodities in demand as dollar and real yields drop
DUBAI — The Commitments of Traders report covering positions held and changes made by money managers in the week to Aug. 4. Appetite for risk during this period remained strong with dollar weakness and rising negative real yields feeding a rise in (...)

12 - 08 - 2020
Gold pops, oil drops as COVID-19 maintain its grip
DUBAI — An index tracking the performance of leading commodities reached a four-month high this week with the sector being supported by gains among industrial metals and grains, most noticeably wheat and copper. Gold meanwhile made a small but (...)

15 - 07 - 2020
NatGas slumps, copper jumps as virus maintain its grip
The commodity market looks set to finish Q2, or the recovery quarter, with strong gains in energy and metals. Overall, however, the Bloomberg Commodity Index which tracks a basket of key commodity futures has only managed a small return relative to (...)

28 - 06 - 2020
Gold gearing up for a break
DUBAI — Commodity markets, with a few exceptions, remain in reasonably good health as we approach the end of what so far has been a very volatile and at times troubling first-half, driven by the worst pandemic-related slump in global growth since (...)

21 - 06 - 2020
Crude oil weakness emerging following OPEC+ decision
DUBAI — Crude oil has run into profit taking following the OPEC+ expected and already priced in decision to extend production cuts to end July. Multiple challenges to oil's continued recovery exists and with that in mind we suspect the expected (...)

11 - 06 - 2020
Gold sold despite multiple tailwinds
DUBAI — The Commitments of Traders report covering positions held and changes made by money managers in the week to May 26 found that speculators maintained strong buying interest in crude oil while selling was most noticeable in natural gas, gold (...)

02 - 06 - 2020
Crude oil frets geopolitics, sluggish demand bounce
DUBAI — Commodities trading was mixed during the final week of May. A month that turned out to be the comeback month for many markets following the COVID-19 related collapse seen during Q1. The continued easing of lockdowns around the world have, (...)

31 - 05 - 2020
Gold and silver pop as economic clouds darken
DUBAI — With parts of the world beginning to emerge from COVID-19 lockdowns the financial markets have tried to strike an optimistic note, not least supported by a wall of money and rock-bottom interest rates. Just like when a hurricane or natural (...)

17 - 05 - 2020
COT: Wagers on WTI crude oil reach highest in a year
DUBAI — The below summary highlights futures positions and changes made by hedge funds across 24 major commodity futures up until last Tuesday, May 5. Saxo Bank found that funds maintained strong buying interest in crude oil and natural gas while (...)

12 - 05 - 2020
Commodity Weekly: Gold down, oil up on recovery hopes
DUBAI — The world, at least on paper, suddenly looked in a better place this past week with several pieces of COVID-19 related news spurring a recovery. Key commodities such as crude oil and gasoline found a bid following the recent collapse and (...)

03 - 05 - 2020
Commodities see demand for metals and agriculture
The below summary highlights futures positions and changes made by hedge funds across 24 major commodity futures up until last Tuesday, March 24. During this period the dash-for-cash phenomenon slowed and individual commodities began reaction to the (...)

01 - 04 - 2020
Agricultural markets: Hoarding and delivery logistics in focus
The corona virus negative impact on global demand has received most of the attention lately. During the past week however we have also started to see the impact on supply, or potentially the lack of supply, being felt as well. It has given several (...)

28 - 03 - 2020
Trade optimism boosts oil, copper; gold bulls rethink
GLOBAL markets, including commodities, spent the week closely monitoring the eb and flow of news from the US – China trade negotiations in Washington. Reports that the two sides were discussing a light version of a deal sparked a rally in growth (...)

13 - 10 - 2019
Gold strength spreads to silver and platinum
Head of Commodity Strategy at Saxo Bank DUBAI — The Bloomberg Commodity Index, which tracks a basket of major commodities, evenly spread between energy, metals and agriculture, traded lower for a second month in a row during August. This is in (...)

01 - 09 - 2019
Gold reigns as global bond yield collapse continues
GLOBAL growth concerns and ample supply of key commodities have been the main drivers behind the weakness seen across the sector so far this quarter. Precious metals remain the exception with gold responding strongly to the ongoing collapse in (...)

18 - 08 - 2019
Gold remains stuck in no man's land
Since the post-Brexit surge gold has increasingly found it difficult to make any decisive move in either direction. During this time, the price of gold has been averaging $1,340/oz, a level that has been touched in 12 out of the last 14 trading (...)

28 - 08 - 2016
Most commodities up but oil plays yo-yo
Head of Commodity Strategy, Saxo Bank DUBAI — The Bloomberg Commodity Index, which tracks the performance of 20 major commodities split evenly between energy, metals and agriculture, continues to show a gain of more than 10% in the year to date. (...)

18 - 07 - 2016
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