COVID-19 infects commodity markets but central bank offers hope – TD Securities
While spotting the recent risk reset based on the expectations of coordinated stimulus from the G7, analysts at the TD Securities came out with their commodities update and week ahead drivers.
OPEC+ cuts and official sector stimulus represents hope for Crude.
Gold has long written all over it, silver should follow.
Taking profits on silver and copper long positions.
It is jobs week in the US, but updates on the coronavirus will be top of minds. OPEC+ decision on deck for energy markets.