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Home News Forex & Commodities

COT: Fed and PBOC trigger largest weekly surge in commodities demand in a decade

admin by admin
September 30, 2024
in Forex & Commodities
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Commodities:

In the latest reporting week to 24 September, the Bloomberg Commodity Index jumped 3.4% as the positive impact of the recent US rate cut—reducing recession fears and lowering funding costs—was followed by a barrage of Chinese stimulus measures, potentially increasing demand from the world’s top consumer of raw materials. Gains were seen across all sectors, particularly the energy sector, where the China focus lifted crude…



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