Precious Metals and Commodities Weekly

 

This week we recap precious metals and commodities ahead of the Jackson Hole Symposium.

Notable highlights are Gold testing 1300 while Palladium continues to be the metal that just keeps on giving.

Oil is making a lot of noise, but once the headphones are on, we see that both contracts are ranging. Albeit noisily!

Over in the Soft’s, Russia is giving grains a headache while Brazilian ethanol is taking sugars away.

Gold 0:00:17, Silver 0:04:45, Platinum 0:06:50, Palladium 0:09:20, Copper 0:11:50, Natural Gas 0:13:50, Brent Crude 0:16:30, WTI 0:19:30, Sugar 0:21:25, Corn 0:2:25, Soybeans 0:26:10, Wheat 0:28:20

 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Jeffrey Halley

Jeffrey Halley

Senior Currency Analyst
Based in Singapore, Jeffrey has over 25 years experience in the financial markets, having traded currencies, options, precious metals and futures. Jeffrey started his career at Barclays Bank in New Zealand. However he has spent most of it in London and Asia.Jeffrey focuses on the Asia time zone across asset classes. A regular commentator on business news TV and Radio, he is originally from New Zealand and holds an MBA from Cass Business School, London.