Precious Metals and Commodities Weekly (Video)

This week we recap precious metals and commodities ahead of Friday’s Non-Farm Payroll data and in a week where Hurricane Harvey is wrecking havoc with U.S. energy markets.

Precious metals and industrials have had a solid seven days and seemed poised for greater heights.

Energy has been mixed with Brent and Natural Gas trading strongly. Hear why, somewhat bizarrely, WTI has “dropped” due to Hurricane Harvey even as 20% of the U.S. refining capacity has been shut down.

Over on the soft commodities, sugar is loving Brazilian ethanol while the bean and grains continue to be a mixed bag. Or should that be bushel?

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.

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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.

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