Singaporean manufacturing output shrinks again in July, likely to record positive growth for whole of 2020
FxWirePro Commodities Watch (Metals)
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 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 a safe haven.
In this part, we present the metals, both precious and industrial.
The metal pack was the best performer of 2017 with a 14.5 percent gain. Since 2018, Sino-American trade war has been taking a toll on metals.
As a whole, the metal pack was down by -12 percent in 2018.
As a whole, the metal pack is up by 5.5 percent in 2019. The pack is up 1.3 percent since our last review, a month ago.