Daily FNArena News - Commodities

A glance through the latest expert views and predictions about commodities, with arguments in favour of higher metal prices medium-term even allowing for a short-term correction post recent gains.

U3O8 spot prices took a hit last week, but buyers quickly moved into action.

Fears Chinese would not buy gold this holiday season given its price are proving unfounded, while in the US retail dealers are finding the supply of gold coins is being squeezed once more.

It would seem support for U3O8 prices is coming from all corners of the uranium market these days.

A glance through the latest expert views and predictions about commodities with CBA suggesting sugar prices may be set to wane, plus oil and one observation about physical demand for gold.

Barclays Capital is upgrading base metal price forecasts as we enter a seasonally strong demand period.

For the first time since 1988, the world’s central banks will buy more gold this year than sell it.

The bulls in the uranium market are already looking forward to spot prices above US$50/lb.

A glance through the latest expert views and predictions about commodities with supportive factors identified for gold, copper and oil and an update on Brazilian iron ore output.

Having held up in price despite stock market weakness, investors may be wary of copper. But brokers argue there is are plenty of drivers of further upside.