Posts Tagged ‘china’

Commodities slide on Asian growth fears

Wednesday, October 10th, 2012

Commodity Trading in AsiaThe World Banks’ economic forecast for Asia, released last Monday, slashed its predictions for growth in the region, dropping from 7.6% to 7.2% for 2012 – a whole percentage point below the previous year.

The Bank cited weak demand for Asian exports as European economies still struggle to return to growth in the shadow of austerity and the Euro debt crisis. The figures were re-iterated at the IMF and World Bank Group annual meetings in Tokyo on Friday, where IMF chief Christine Lagarde warned of the ‘narrow path’ between austerity and growth.

Commodities slump after sharp dip in oil markets

Tuesday, September 18th, 2012

Oil barrelLate trading on Monday saw oil prices plummet briefly as the benchmark WTI price lost $4 in a few minutes, fuelled by rumours of a possible release of stocks from USA strategic reserves.

Coming in the wake of the Federal Reserve’s latest round of quantitative easing, with which Chairman Bernanke has promised to inject a further $40 billion monthly into mortgage-backed securities until employment figures improve, this latest shock underlines the skittish state of commodity markets.

Prices across energy and precious metals markets had been rising in anticipation of last Friday’s FOMC announcement, with gold peaking above $1770 before retracing 0.7% on the London spot market in the space of 22 minutes. Silver fared worse, with a 1.6% decline.

Stalled development in commodities temporary?

Tuesday, April 10th, 2012

Gold investmentCommodity prices have recently gone up widely, which has lead to that those who invested in the sector, not have been able to see their investments increase in value. But the last few days, oil prices as well as gold and copper have had its ups and downs. It is said to depend on if the oilstock in the U.S. and Europe reduces, but could also depend on the stable dollar.


The increasing oil price has been hampered in recent times. It has even declined slightly recently. The reason is said to be that the U.S. is considering to review its oil stocks, and maybe even release a part of this oil to the market, as well as the UK and France. It is in this case, a deliberate (more…)