In its latest assessment of commodity exports and prices, the Australian government offered an upbeat outlook on iron-ore prices. Key takeaways “Also expects Australia to become the world’s largest gold producer. Exports of commodities expected to be upwards of 250bn AUD in the year ahead.” ‘Significant growth in Brazilian short-term supply remains unlikely due to the wider problems of COVID-19 across the Brazilian economy. The main risk to prices is thus on the demand side.” “Iron ore would hold around $US100 a tonne “over coming months” and would gradually decline to be closer to $US85 a tonne by June 2021.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 Futures print three-day winning streak to aim for 3,300 FX Street 2 years In its latest assessment of commodity exports and prices, the Australian government offered an upbeat outlook on iron-ore prices. Key takeaways “Also expects Australia to become the world's largest gold producer. Exports of commodities expected to be upwards of 250bn AUD in the year ahead.” 'Significant growth in Brazilian short-term supply remains unlikely due to the wider problems of COVID-19 across the Brazilian economy. The main risk to prices is thus on the demand side.” “Iron ore would hold around $US100 a tonne "over coming months" and would gradually decline to be closer to $US85 a tonne by June 2021.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
