ETF Securities Research Blog

A mixed outlook for commodities in 2018

Commodities have enjoyed a great start to 2018, from the low point mid-December they have rallied 6.5%, the performance has been broad-based too, driven not only by the Iran issues inflating the oil price but a rally in industrial/precious metals and agriculture.

We are wary of some who are interpreting this as being a positive sign for broad commodities this year. Commodities as an asset class are a very heterogeneous group and we expect varied performance from each. So to start the year we thought we would provide a brief summary of our views.

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