WCU: Trade optimism boosts oil and copper; Gold bulls rethink

From home.saxo

Global markets, including commodities, spent the week closely monitoring the eb and flow of news from the U.S. – China trade negotiations in Washington. Reports that the two sides were discussing a light version of a deal sparked a rally in growth dependent commodities such as oil and copper, while gold suffered a setback. Not least due to renewed stock market strength, rising bond yields and a weaker yen. Brent crude oil returned to $60/b after receiving a fresh geo-political boost. This after Turkish forces entered northern Syria and after an Iranian tanker was struck by missiles off the coast of Jeddah in Saudi ... (full story)