Daily FNArena News - Commodities

China has backed off its iron ore imports sending prices lower over the past month but while short term weakness may persist, analysts suggest a positive outlook remains in place.

A glance through the latest expert views and predictions about commodities with strategy options for current conditions, updates on precious metals and iron ore and a threat to Australian gas. projects.

Spot uranium traders are awaiting news on term contract tender wins while the US government has created controversy by extending its program of selling stockpiled tailings into the market.

Gold has given back all of its gains from last year’s run but Adrian Ash of BullionVault notes the metal remains attractive as central banks are determined to stem credit deflation.

Ahead of the Herd’s Rick Mills anticipates another significant round of global monetary stimulus, feeding into the prices of gold and other commodities.

Jonathan Barratt of Barratt’s Bulletin is looking for a low to be confirmed before re-establishing a long gold position.

While precious metal prices have come under pressure in recent weeks and prompted some revisions to forecasts, analyst outlooks for the sector remains positive.

The spot uranium market was flat last week but expectations remain steadfast in the assumption global demand for nuclear energy has not been realistically damaged.

A glance through the latest expert views and predictions about commodities with updates on market expectations, sector preferences highlighted and expected increases for nickel and oil prices.

Jonathan Barratt of Barratt’s Bulletin looks to the next level for oil as euro-fear returns.