Commodities weekly: Copper rises on China optimism; OPEC delay signals crude weakness

Commodities weekly: Copper rises on China optimism; OPEC delay signals crude weakness

From home.saxo

The commodities sector traded softer during the first week of December—a month that traditionally sees activity slow to a halt ahead of the holiday season and year-end. During this period, traders and investors typically focus on defending hard-earned gains while minimising losses, potentially leaving markets directionless as they prepare for 2025—a year expected to bring both significant risks and opportunities. The Bloomberg Commodity Total Return Index, which tracks a basket of 24 major futures markets spanning energy, metals, and agricultural commodities, slipped by 0.7% during the week, reducing its ... (full story)

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