FxWirePro Commodities Watch (Metals)

Background:

Metals form an important part of global commodities. Precious metals serve beyond their traditional usage and as a store of value or as a hedge against inflation. Industrial metals like Zinc are important gauges to determine the global economic activities.

In this FxWirePro commodities watch, we are to present our readers the performance of the various commodities, categorically classified, which are keys to understand the broader global economy. For example, copper is considered as a barometer of global economic activity or gold is considered as a safe haven.

2017 performance:

In this part, we present the metals, both precious and industrial.

• In 2017, the Best performer in the metal pack has been Palladium which rose 43.7 percent, followed by, Aluminum (28.6 percent), Copper (25.6 percent), Zinc (23.5 percent), Nickel (20.7 percent), and Lead (19 percent).
• Gold was up 11.1 percent in 2017, while the Silver was up 2.8 percent.
• The worst performer was Iron ore, which was down 6.1 percent, followed by Tin (-5.3 percent), and Platinum (-4 percent).

The metal pack was the best performer of 2017 with 14.5 percent gain.

2018 performance:

• So far in 2018, Nickel has been the best performer with 11.2 percent gains, followed by Tin (8.3 percent), Zinc (7.8 percent), Iron ore (6.2 percent), Lead (5.4 percent), Gold (3.9 percent), and Platinum (3.4 percent).
• The worst performer of the group has been Aluminum (-5 percent), followed by Palladium (-4.5 percent), Silver (-0.65 percent), and Copper (-0.43 percent).

As a whole, the metal pack is up 3.2 percent in 2018.

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