Chinese commodity buying supports sentiment
“The CRB-index has increased by almost 6% over the past month. The recovery was led by a robust uplift in oil prices. China is partly responsible for the recovery in prices, since the country has a strong foothold in the imports of many commodities.”
USAGOLD note: Something that has escaped the notice among market analysts: the beginnings of a rebound in commodities, according to ABN Amro, as shown in the chart below.
Repost from 7-6-2020