Update on Commodities
A few weeks ago we started discussing the fall in commodity prices, including oil and precious metals and the drivers for those moves. Since then we are continuing the downtrend in prices in an orderly sell off. There have been a number of key drivers for the move down, including a stronger dollar, a slow down in emerging markets primarily Chinese industrial demand, expectations of a forthcoming interest rate hike, global deflationary pressures and a rising US bond market.
UBS has recently put out two commodity reports that may be of interest and I have included a link to them below.
The first report focuses on the fundamentals of Platinum and the link to Gold. The second is a more holistic review of all commodities.
You can download the reports through the following link.