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Commodity Compass – 12/04 - Silver and Natural Gas Steal the Stage this Week
Published 6 months ago
Description
Hopes for a December rate cut from the Federal Reserve (given soft inflation and weak hiring trends) buoyed non-yielding assets, but the broader tone remained cautious as traders weighed soft demand against still-ample supply. The result: demand-sensitive commodities — base metals, energy and industrial minerals — came under pressure, while safe-haven assets saw sporadic bouts of interest.