With gold holding steady at just below $1,800/oz and the base metal complex and energy prices consolidating or, some would say, shifting upwards in a dead cat bounce, commodity markets have taken a pause for the time being to await new direction. All of the bearish news over the last few weeks appears to have been priced into the markets with investors having completed shifting whatever assets they wanted to into safe havens like gold and out of the riskier commodities such as aluminium.
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