Commodities: Peace Talk Optimism Clouds Reality
Summarize this article with:
ING Economic and Financial Analysis5.34K FollowersFollow5ShareSavePlay(7min)Comments(2)SummaryWhile energy markets popped higher yesterday following Iran’s decision to reverse its opening of the Strait of Hormuz, they’re still trading in a manner that suggests optimism over US-Iran talks.The European gas market is also becoming more optimistic about the prospect of a peace deal.Gold started the week on a weaker footing as higher oil and gas prices reignited inflation concerns.Copper edged lower after recent gains but continues to trade near two-month highs, while macro headwinds are slowing down momentum. Bet_Noire/iStock via Getty Images By Warren Patterson, Head of Commodities Strategy and Ewa Manthey, Commodities Strategist Energy: Oil trading on hopes rather than reality While energy markets popped higher yesterday following Iran’s decision to reverse its opening of theThis article was written byING Economic and Financial Analysis5.34K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.