Metals

The StoneX Metals and Energy Markets Annual Outlook forecasts double digit percentage increases for seven out of twelve commodities tracked.

For gold to make a stronger recovery, we will have to see a surprise miss on Friday’s NFP

But will today’s FOMC minutes match the recent hawkish Fedspeak? And – more importantly for gold traders – will the dollar and yields have further to run on the Fed story?

Gold may be on the quiet side now, but it’s unlikely to remain the case if the FOMC minutes go as we suspect.

Retail sales become latest data to beat expectations, adding to sticky inflation narrative

The move lower coincided with the dollar attempting to form a base...

Whilst we suspect gold could eventually head for $1800, it shows the potential to revert to $1900 first.

All the attention is going to be on the US jobs report.

Although the case for peak inflation has grown, interest rate increases are not yet pausing in the US and elsewhere

The most traded commodities are energy sources like oil and gas, plus metals such as gold and agricultural products. Here we break down the top ten most traded commodities and explain how each one is traded.

Outlook remains bearish after metal fell back below the low of 2021 around $1676.

Outlook remains bearish after metal fell back below the low of 2021 around $1676.

After identifying a potential sentiment extreme a couple of weeks ago, we now note that bullish bets for the December gold futures contract have spiked.

After identifying a potential sentiment extreme a couple of weeks ago, we now note that bullish bets for the December gold futures contract have spiked.

Bearish trend persist for indices and metals as investors watch yields continue to rise following a flurry of central bank action this week.

Rising interest rate expectations and fears over recession continue to weigh on sentiment

In an environment of rising interest rates around the world, investors continue to dislike assets that have little or no yield