US-Iran deal to have varied impact on metals complex – BMI

From miningweekly.com

The metals complex is poised for a mixed performance following the US-Iran deal announced in June, with easing demand-side concerns supporting industrial metals, while the alleviation of idiosyncratic supply risks pressures the complex to the downside. This is according to Fitch Solutions unit BMI’s latest outlook for metals report, which points out that, while the precious metals basket, especially gold, initially stood to largely benefit from deal progress as long as optimism around the agreement tempered inflation fears, now, rising rate-hike bets and a stronger dollar threaten to offset the upside for the ... (full story)