Daily FNArena News - Commodities

Gold broke through previous highs last night as rumours circulated that America’s Gulf state allies were in talks to shift away from trading oil denominated in US dollars.

Basking in an unaccustomed limelight, sugar looks set to keep delivering some pretty sweet returns.

After more than a month of weekly declines, TradeTech’s uranium spot price has held firm.

The Baltic Dry Index has fallen significantly from its highs earlier this year. What to make of it?

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.