Daily FNArena News - Commodities

The correction may have hit the price of gold, but NAB sees US interest rates at 5.25% through 2006 and on the decline in 2007, supporting further gold upside.

Another wave of selling pressure for gold may be ahead if the FOMC surprises on the hawkish side. Barclays has already scaled back its expectations.

Not all commodities are equal, says JP Morgan.

UBS held its fourth annual Australian Resources Conference in Sydney and conducted an audience poll, with interesting results.

They’re baaack! Evidence suggests not only are fabricators buying gold again, but so are speculators.

Next time it will all be different. Chinese steel mills are determined to dominate next year’s negotiations, but can they defy market fundamentals?

Central Banks have not sold as much gold as they are allowed to, and other central banks have not bought as expected. Curious.

Correction nearing an end before accelerating back through previous highs? Correction has more to go but eventually a more subdued upward trend will continue? The good times are over, time to settle in for a long downward spiral? Does anyone really know?

The Chinese steel mills have finally agreed to the proposed 19% price hike for contract iron ore supplies this year. BHP Billiton posted the news on its website.

Chinese steel output continues growing at breakneck pace, meaning the outlook for iron ore producers remains buoyant.