Commodity updates : After the worst commodity collapse in few years, there may be some glimmers of hope. Gold, wheat & natural gas probably will increase in 2016, in accordance with the Bloomberg survey of 108 traders, economists & strategists across Europe, Asia and the Americas. It won't all be positive. For oil, mired in the highest slump since 1998, bearish respondents told prices may drop below this week's 6-year low, while the survey showed overwhelming pessimism for copper.
The year 2015 meltdown sent almost every commodity lower, shrinking profits for companies including South African mine owner Anglo American and energy producer Royal Dutch Shell.
The year 2015 meltdown sent almost every commodity lower, shrinking profits for companies including South African mine owner Anglo American and energy producer Royal Dutch Shell.
The world got stuck with raw-material surpluses after years of expansion met a slowing economy in China. With producers struggling to halt losses, they are selling assets, cutting dividends and slashing output, which may be sufficient to put a floor on prices.
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