MacroVoices #420 Ole Hansen: Green Shoots in The Commodity Markets
Macro Voices
Commodity Outlook 2024: Emerging Green Shoots in Precious and Industrial Metals
Commodities have been bottoming out for a year now, with recent green shoots seen in precious metals which initiated a rally. Trends are emerging in industrial metals, while the energy sector is showing signs of a potential upward movement after a period of sideways trading. The question arises whether this marks the end of the correction, as there are indications of breaking the downtrend that has been in place since the peak in 2022.
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