1 / 2

The Tyler Group - Commodities rocked by Cyprus crisis

LONDON – Many global commodity markets fell this week as traders worried that the Cyprus situation would reignite the eurozone’s sovereign debt crisis and dent global demand for raw materials. However, precious metal gold won ground as many investors sought a safe place to park their cash. “Gold prices have firmed as events in Cyprus have unfolded this week, but the base metals complex and oil prices have come under pressure,” said Barclays analyst Suki Cooper. “A recovery in investor risk appetite is passing commodities markets by. The growth outlook is still not strong enough to support the kind of broad-based pick-up already seen in many other asset classes.”

maicoliling95
Download Presentation

The Tyler Group - Commodities rocked by Cyprus crisis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. http://thetylergroup.bravesites.com/entries/business/the-tyler-group-commodities-rocked-by-cyprus-crisishttp://thetylergroup.bravesites.com/entries/business/the-tyler-group-commodities-rocked-by-cyprus-crisis Commodities rocked by Cyprus crisis

  2. Many global commodity markets fell this week as traders worried that the Cyprus situation would reignite the eurozone’s sovereign debt crisis and dent global demand for raw materials. However, precious metal gold won ground as many investors sought a safe place to park their cash. • “Gold prices have firmed as events in Cyprus have unfolded this week, but the base metals complex and oil prices have come under pressure,” said Barclays analyst Suki Cooper.“A recovery in investor risk appetite is passing commodities markets by. The growth outlook is still not strong enough to support the kind of broad-based pick-up already seen in many other asset classes.”

More Related