Commodities: Vaccines, stimulus set bullish tone for 2021 ...Qatar

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Commodities: Vaccines, stimulus set bullish tone for 2021
source : Gulf Times ( Qatar ) () 16
Global commodity markets were ending 2020 on a strong note yesterday, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic. Roll-outs of vaccines to combat the virus and trillions of dollars’ worth of fiscal support are expected to boost investment and spending in 2021. “It’s been a tumultuous year for the commodity market, as the oil meltdown in March changed how we measure and gauge risk in the entire commodity sphere,” Stephen Innes, chief global market strategist at brokerage Axi, told Reuters. “But thanks to the Fed’s unwavering support to dig the US and global economy out of a hole,” commodity mark

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