Commodity crash: Experts discuss outlook for metals
The prices of steel, aluminum, zinc and other metals have hit multi-month lows as the commodity sell-off continued. Precious metals are not spared either with gold hitting a 9-month low and silver hitting a 24-month low.
The prices of steel, aluminum, zinc and other metals have hit multi-month lows as the commodity sell-off continued.
Precious metals are not spared either, with gold hitting a 9-month low and silver hitting a 24-month low.
The dollar index has also hit a fresh 20-year high. Recession fears and weakening demand in China on the back of fresh COVID curbs are prompting fears about a drop in demand for metals.
To discuss the road ahead for metals, CNBC-TV18 spoke to Peter McGuire, CEO of XM Australia; Ole Hansen, Head of Commodity Strategy at Saxobank; and Jonathan Barratt, CIO at Probis Securities.
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