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Commodity Weekly: Pockets of strength emerge as headwinds subside
The commodity sector started the first week of June with pockets of strength emerging following a troubled May after risk sentiment received a broad boost after the US Senate finally passed the debt ceiling bill, thereby triggering the first of dollar weakness in four weeks. The Bloomberg Commodity Total Return Index traded close to unchanged in the week after suffering a 5.6% decline during May, with gains across precious and industrial metals being offset by losses in energy, led by a near 9% drop in natural gas. The commodity sector started the first week of June with pockets of strength emerging following a ... (full story)