Page 10 - Bloomberg Commodity News Today

Gold goes from star commodity to laggard Bloomberg Gold began the year with lofty expectations on the back of a record high and its biggest annual gain in a decade. Instead, the precious metal is off to its worst start in 30 years. Spot prices on Friday touched a seven-month low before erasing losses as the US dollar moved lower, although bullion is already down more than 6 percent this year. The metal, which surged last year on pandemic-induced haven buying, low interest rates and stimulus spe...

The precious metal is off to its worst start in 30 years.The metal, which surged last year has dropped more than 6% in 2021

Gold surged to new heights in 2020 but has stumbled so far this year with prices slumping to seven-month lows on Friday.

If prices drop below $1,765, this could set off a further sharp fall

Read more about Star commodity becomes a laggard: Golds worst start to a year since 1991 on Business Standard. Spot prices touched a seven-month low on Friday, deepening a slump and breaching through a support level that analysts say could portend further losses

Premium Content Is This Oil Rally The Start Of Something Much Bigger? By Tsvetana Paraskova - Feb 16, 2021, 7:00 PM CST Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.   The commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest invest...

Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial. This summary highlights futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last ...

This update highlights futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, February 9. A week where the "everything" rally in stocks found a fresh gear and volatility hovered near a one-year low. The dollar traded softer, bond yields rose while commodities raced higher with broad gains seen across energy, metals and grains.

Blankfein Called It, Now the Whole World Is Watching Commodities Bloomberg 1/16/2021 Isis Almeida, Michael Tobin, Andres Guerra Luz and Michael Roschnotti (Bloomberg) -- It was mid-September when Lloyd Blankfein, the former chief executive officer of Goldman Sachs Group Inc., suggested investing in commodities was “not a bad thing.” Prices for most materials were just off pandemic lows and the asset class was still very much the ugly duckling. Fast forward four months and ...

Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.