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6 May 2015
Commodities under the spotlight - Westpac
FXStreet (Guatemala) - Sean Callow, analyst at Westpac Banking Corporation noted the developments of the Commodities market overnight leading us i to Asia.
Key Quotes:
"Spot iron ore jumped 2% to $58.70/tonne as Sep15 Dalian iron ore closed up 2.6%. Gold bounced from $1188 to $1200/oz, then settled back to $1193."
"COMEX copper rose 0.3%, reversing Monday’s decline. Brent crude oil jumped 1.7% to $67.60/bbl while WTI leapt 2.5% to $60.40/bbl, a closing high since 10 Dec 2014."
Key Quotes:
"Spot iron ore jumped 2% to $58.70/tonne as Sep15 Dalian iron ore closed up 2.6%. Gold bounced from $1188 to $1200/oz, then settled back to $1193."
"COMEX copper rose 0.3%, reversing Monday’s decline. Brent crude oil jumped 1.7% to $67.60/bbl while WTI leapt 2.5% to $60.40/bbl, a closing high since 10 Dec 2014."