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Commodities Lag Equities In November

From sharecafe.com.au

Commodities had a mixed month as key factors such as risk re-emerged, despite the continuing trade tensions between President Donald Trump and China, Brexit and the UK election and problems in Spain and Hong Kong. Gold, the normal barometer of risk, had a poor month, iron ore bounced around and ended with a tiny gain, silver fell, but copper was flat. A sharp fall in oil prices on Friday, trimmed November’s gain, as the much-anticipated approval of a production-cut extension at this week’s OPEC meeting grew more doubtful following a growing number of media reports. OPEC meets in Vienna on December 5-6. The ... (full story)

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  • Category: Fundamental Analysis