Will Cunliffe
Research Analyst, Flux
Dollar down, commodities rally!
Commodities are rallying as the USD is testing new lows. The Hormuz talk started again, but read why this isn't a realistic scenario!
Commodities are rallying as the USD is testing new lows. The Hormuz talk started again, but read why this isn't a realistic scenario!
$68! And a $1 prompt spread! Excluding whacky expiry days, that’s the strongest prompt spread since 1 August! By the close, flat price had dropped back to $67.58/bbl. Gold and silver reached a new all-time highs above $5.3k/oz and near $116/oz, respectively – the USD is dying, dear reader!
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