Daily FNArena News - Commodities

Jonathan Barratt of Barratt’s Bulletin believes findamentals are supportive of a stronger technical outlook for gold.

Commodity investors remain bearish, particularly on nickel, but there are signs some prices could edge higher. Meanwhile, cost pressures are seen easing for the big energy stocks.

Indonesian ore export quotas change, European metals demand forms a base while gold, iron ore prices may be stabilising.

The fallout from a withdrawn buy order has dissipated leaving spot uranium steady with no net change to prices last week.

Profit Confidential’s George Leong explains why it still looks too early to get overly excited about gold.

The withdrawal of a large prospective buyer in the spot market saw uranium prices lose their only support last week, leading to a price fall.

Jonathan Barratt of Barratt’s Bulletin remains longer term bullish on gold despite tapering given inflation expectations.

After last week’s price spike, spot uranium steadied this week as the market awaits pricing on a large order.

Uranium is being stockpiled in China, metal prices are subdued and the outlook is mixed, but economic fundamentals are strengthening.

Last September the spot iron ore price suffered an alarming plunge to below US$90/t on seasonal Chinese destocking, but analysts can’t see the same happening again this year.