Daily FNArena News - Commodities

BullionVault’s Ben Traynor reviews some bullish and bearish developments in the global gold market.

It’s not that there’s no interest in uranium, it’s just that the main players are not particularly interested in the spot market.

Adrian Ash of BullionVault discusses why the gold price has moved above the platinum price.

A glance through the latest expert views and predictions about commodities, with brokers updating commodity market outlooks, revised oil price estimates and a possible entry point for gold.

Jonathan Barratt of Barratt’s Bulletin suggests the beginning of Indian festivals this month will prove supportive for the gold price.

The oil market continues to display tight fundamentals and this is expected to support prices, with analysts adjusting price expectations for expected conditions.

David Bicchetti and Nicolas Maystre of UNCTAD suggest as commodity markets becomes more financialised they are becoming more prone to external destabilising effects.

BA-Merrill Lynch sees many China-related reasons for near term iron ore upside while JP Morgan reviews Australia’s iron ore mid-caps.

China’s copper demand apparently remains robust, which is at odds with recent economic data. The practice of borrowing cash against copper stockpiles suggests some misled assumptions with regard to supply-demand.

With little pressure on sellers, the spot uranium price managed to tick up slightly last week.