Daily FNArena News - Commodities

The global economy will provide a boost to commodity prices, but Danske Bank is selective in terms of those most likely to benefit.

Barclays Capital believes a correction remains more likely for gold as underlying demand and supply fundamentals have changed.

Barclays Capital notes participants at a recent aluminium conference in Germany had mixed views on the outlook for the metal.

Barclays Capital suggests while Chinese natural gas demand will grow strongly its impact on the global oil market will be strongest.

In the view of Barclays Capital commodity markets generally are in a period of consolidation before the uptrend resumes.

Oil has been range-bound in the US$70 neighbourhood for more than a month now and should stay there for a while yet.

The world’s largest gold miner has finally decided to buy back its hedge book.

The natural propensity for central banks to sell gold is giving way to a more buy-side oriented global policy.

After twelve months of painful declines, the outlook for stainless steel seems to be on the mend.

Steel industry researcher MEPS believes the tide has definitely turned for all kinds of steel products.