Analysts at TD Securities, (TDS), explained the key themes in the commodity sector.
Key Quotes:
“Gold prices closed the week marginally higher as emerging market currencies consolidated their losses.”
“Crude oil ended the week lower, but WTI crude outperformed Brent as a significant outage in Canada prompted traders to place a relative premium on US oil, which tightened its spread to the global benchmark.”
“Copper closed sharply lower as investors liquidated their holdings in reaction to the firsts shots fired in the US-China trade war.”
“After outperforming the metals complex for some time, trade fears pulled the plug on electrified nickel, aggressively sending prices lower.”
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