Daily FNArena News - Commodities

A glance through the latest expert views and predictions about commodities with updates on bulk commodity markets, changes to coal price forecasts, views on recent oil price weakness and a review of metal markets.

Trading remains thin, but the uranium spot price bowed to term market pressure in posting a US50c rise last week.

A glance through the latest expert views and predictions about commodities with forecasts being revised, updates on precious metals and aluminium and changing capex plans for miners.

BullionVault’s Ben Traynor notes gold prices have just experienced the quietest 40 days since the onset of the Global Financial Crisis.

While there are some signs the oil market is tighter than previously thought, a correction in gasoline prices may weigh.

A glance through the latest expert views and predictions about commodities with updates on base metal markets and views on the outlook for thermal coal prices.

Jonathan Barratt of Barratt’s Bulletin sees upside presure on copper as lack of supply counters weaker global demand growth.

Growing demand for term contracts in the global uranium market is encouraging spot sellers to pull back on pricing while buyers remain reluctant.

BullionVault’s Ben Traynor thinks the Bank of England has done a good job in avoiding a liquidity crisis for its banks and this is boosting gold in Sterling terms.

Jonathan Barratt of Barratt’s Bulletin notes that despite recent sluggishness, indicators remain bullish for gold.