When discussing global economic recoveries, China is usually at the forefront of the conversation. As of Nov. 16, 2020, metal commodities with an industrial focus were the outperformers YTD. China is the world’s top industrial metal destination. Exhibit 1 shows the top 10 performing commodities tracked by S&P DJI. Seven metal commodities made it to…
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Silver has soared since mid-March 2020, fueled by renewed industrial demand and investor appetite for alternatives to gold and government bonds. From its low in mid-March, the S&P GSCI Silver was up 65% as of July 17, 2020. The less precious metal, silver, has lagged gold’s recent multi-year increase. The more volatile precious metal has…
The S&P GSCI, a widely recognized measure of broad commodities market beta, fell 8.4% in February. The global spread of coronavirus represents a simultaneous demand and supply shock, a situation that is close to unprecedented in global commodities markets. Across these markets, losses in February were driven by the petroleum complex and livestock, while even…
It was a tough start to the year for commodities. The S&P GSCI ended the first month of 2020 down 10.8%, the largest month-over-month decline since November 2018. The outbreak of the coronavirus in China’s Hubei Province flustered most financial markets, and the commodities markets were hit particularly hard given the potential impact on global…
The S&P GSCI was up 1.5% for the month and up 8.9% YTD. Precious metals was the worst-performing commodity, while livestock was the best. Of the 24 commodities tracked by the index, 18 were positive in May. Nickel was the best-performing commodity for the month, while cocoa was the worst. The S&P GSCI Agriculture was…
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