For The Professional Investor
Indonesia’s recent ban on exports of raw nickel in an attempt to boost the nation’s refineries, has left China, the biggest importer scrambling to find alternative solutions. According to a Bloomsberg News survey, Chinese mills that import Indonesian raw material for the production of nickel pig iron, a substitute of the refined metal, have amassed […]
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Concerns over potential interest conflicts and market manipulation form the Congress has led the Federal Reserve to a consideration of further restrictions on the trading and storing of physical commodities by banks. In a meeting yesterday the Fed posed 24 questions for discussion to its members, including some on the dangers of trading and owning […]
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The prediction on low-performing commodities for the year already seem to be fulfilling themselves, as hedge funds rein in their bullish attitude by most in seven weeks. With China showing signs of slowed economic growth, commodity prices have reached an eight-month low on increased surpluses. According to the U.S. Commodity Futures Trading Commission data, 18 […]
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Although corn demand has been growing in the U.S., the world’s top corn grower has also put out a record crop this year that has seen stockpiles rise at the quickest pace in the last 19 years. Corn is used primarily to make livestock feed and ethanol. On the first stock-taking at the end of […]
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Despite fears of commodities losing value this year and investor hesitation in buying into gold, the precious metal climbed to its highest level in three weeks on increased consumption in Asia, despite the lack of investing demand. Last year, gold dropped 28 percent of its values, the most since 1981, as investors fled to rising […]
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Manufacturing expansion in China, the world’s biggest metal consumer, has sent the price of copper to a six-month high with inventories shrinking. The HSBC Holdings Plc and Markit Economics got a Chinese factory measure for December of 50.5 while the statistics bureau and logistics federations put the number at 51, both of the indicating a […]
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The Federal Reserve’s decision earlier this week to start cutting back on stimulus helped gold gain some of the ground it lost after closing at its lowest level since 2010. Accoridng to Goldman Sachs Group Inc., however, bullion’s downwards movement has not come to an end as the precious metal is set for its biggest […]
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Asian countries have been developing a chocolate habit that will create the longest shortfall in over fifty years. It it predicted that cocoa consumption will outstrip production by about 70,000 metric tons in the 12 months that began on 1st October and the deficits will continue through 2018. According to Laurent Pipitone, the head of […]
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Gold’s security no longer seems to appeal to investors as it once did as gold-backed products that are exchanged on the markets took their greatest hit in the decade-long history of the securities, reflecting the greatest price drop in 32 years. This years marks the first annual decrease of ETPs since the funds began trading […]
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Speculation that the Federal Reserve may decrease its economic stimulus as early as next week didn’t seem to be doing gold any favours; however, the safe-heaven’s decline halted after just two days as the five-month low prices may be luring investors back towards it. Bullion to be delivered immediately increased as much as 0.4 percent […]
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