FlowBank

1180 days ago

Inter-markets relationship: Bonds & Gold

The real US bond yields went from -1.08% to -0.93% yesterday and this seems to explain the sharp drop in Gold prices. If real yields continue rising (becoming less negative), we might see the US dollar appreciating and more weakness in precious metals (and other assets?) - source: Ritesh Jain, Holger Z 

#Commodities
Gold vs. U.S 10 year real yields

1182 days ago

Goldman Sachs wants you to ride the oil breakout - Brent target $63

The squid has upped its oil forecast

#Commodities
Goldman Sachs wants you to ride the oil breakout - Brent target $63

1183 days ago

Energy sees largest commodity nominal price increase in December

Energy prices surged in December led by oil prices shooting for the sky while non-energy prices jumped 4.7%. Metals and Minerals are up 10.38%, with commodities on the rise affected by the expected economic recovery in 2021.

#Commodities

1184 days ago

Tata steel threatens to leave EU

Tata has seen diminishing returns from its European business since the financial crisis. In 2016 Tata had already threatened to quit on UK but upon failing to find a buyer remained. A merger was block in 2018 by the European commission so Tata needs to figure out if it will expend or leave. Source: FT

#Commodities
TATA GROUP EUROPEAN REVENUES DOWN

1184 days ago

Oil is coming back up

Saudis pledge to cut 1m barrels a day of oil thus lowering the supply and increasing the price. The saudis said the move represented a a domestic effort to support local economies and partners. brent crude moves up and the US benchmark West Texas Intermediaries pushed above $50. Source: FT

#Commodities
OIL BRENT CRUDE GOES UP
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