Opec+ spikes oil; gold drops to a fresh nine-month low ...Qatar

The almost synchronised commodity rally seen during the past few months continues to be challenged by an ongoing rise in US bond yields causing risk adversity and a stronger dollar. Metals of most colours, including copper, traded lower while Saudi Arabia’s push for higher prices helped drive crude oil to the highest level since last January. The February 25 spike in US bond yields led to our warning in last week’s update that the commodity sector, led by precious metals, was facing a challenging period. Not due to a sudden change in the fundamental outlook which remains supportive across the commodity space, but more due to the risk that rising yields could trigger a period of deleverag

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Last updated : 07 March 2021 clock 11:31 PM

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Opec+ spikes oil; gold drops to a fresh nine-month low ...Qatar

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