Commodities mixed: stronger USD – ANZ

By FXStreet Analysts at ANZ noted that the commodity markets were mixed, as a stronger USD came up against more positive fundamentals.

Key Quotes:

“Metals, the most sensitive to moves in the USD in recent months, suffered a wave of selling.

Gold struggled to hold the gains achieved yesterday. A World Gold Council report showed that investor interest remains strong, with Q1 2016 demand jumping to its second highest level on record, driven by holdings in ETFs. Iron ore prices also edged lower, with trading activity very thin.

Oil was one of the few commodities to end the day higher due a fall in US oil production.
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Source:: FX Street