FxWirePro Commodities Watch (Metals)

Metals form an important part of global commodities. Precious metals serve beyond their traditional usage and as a store of value or as a hedge against inflation. Industrial metals like Zinc are important gauges to determine the global economic activities.

In this FxWirePro commodities watch, we are to present our readers the performance of the various commodities, categorically classified, which are keys in understanding the broader global economy. For example, copper is considered as a barometer of global economic activity or gold is considered as a safe haven.

After being the best performer last year after energy, this pack is clearly an outperformer this year.

In this part, we present the metals, both precious and industrial.

• The best performer in the metal pack has been lead which rose 14.7 percent, followed by zinc (8.1 percent), Aluminium (7.7 percent), silver (7.3 percent), gold (6 percent), Iron ore (5.7 percent), and Platinum (5 percent).
• Industrial barometer Copper has risen 4.7 percent this year.
• Both Nickel and Palladium are up less than 2 percent.
• Tin is the only counter negative, which is down more than 10 percent.

The metal pack has been the top performer so far with 4.7 percent average gains.