An interesting perspective on Commodities in 2018 via Bloomberg. Please use the Bloomberg link to access the article in full and give Mr Burton the click traffic he deserves. The video report is worth a watch.
Analysts see gold at $1,400 and copper hitting $8,000
Weak dollar, stretched stocks, falling bonds spell gains
“In a world of upbeat economic growth, USD weakness, falling bond prices and elevated equity valuations, the commodities revival should come into full bloom,” said analysts led by London-based Xiao Fu, the commercial bank’s head of commodity market strategy.
The prediction could prove well-timed. China’s wariness about Treasuries would appear to be giving new fuel to dollar bears and driving down bonds, while gold hit the highest in about four months earlier on Wednesday. The global stock rally seems to be taking a pause as investors assess recent moves following six days of gains for the MSCI All World Index.