Commodity momentum: The bears are struggling

The metals sector has seen most of the changes in recent days with a move to negative momentum in copper only lasting a couple of days as the general level of market confidence remains elevated. Copper specifically has been lifted by improved housing data in the US which raises the prospect of increased demand from the world’s second largest consumer. Gold switched to negative momentum yesterday. However the question is whether this change in sentiment will persist given a weaker USD and the

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