Commodities December 2018

Is the cease-fire over again?

XI JINPING AND DONALD TRUMP MET FOR THE G20 SUMMIT IN EARLY DECEMBER. BUT THE BILATERAL NEGOTIATIONS FAILED TO RESOLVE THE CONFUSION OVER THE FURTHER COURSE OF THE TRADE DISPUTES. PABLO MARTINEZ MONSIVAIS AP KEYSTONE

Rising uncertainty with respect to the global growth outlook and worries over a potential further escalation of the trade conflict between the US and China kept financial markets on edge in November ahead of the G20 summit. Against this backdrop, commodity prices exhibited rather disparate behavior. Given a strong downdraft of crude oil prices, however, broad benchmarks suffered significant losses for the most part.