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Gold 15% higher on safe haven demand - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at ANZ explained that commodity prices were mixed, with the CRB index down 0.8%.

    Key Quotes:

    "Prices rose for key global agriculture metrics and industrial metals, but energy prices were weaker.
    The underwhelming oil production freeze agreement saw oil prices give up earlier gains, and they currently trading at around USD29/bbl for WTI and USD32.40/bbl for Brent. Gold prices were unchanged overnight, but close to 15% higher since the start of the year on safe-haven demand."
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