Cocktails and Commodities
Cocktails and Commodities
Shae Russell
The inflation problem the RBA didn’t see coming. Plus, gold falls, silver rises and one bank makes a contrarian call on oil…
15 minutes Posted Aug 22, 2023 at 1:19 pm.
Gold heads south…will it retest US$1,840?
– Silver and copper move up on low stockpiles
– Oil bulls warn there’s an oil deficit coming
– One bank says the opposite…and that oil will see big falls next year
– Chinese property developer defaults on payments, spooks the Aussie dollar
– Imported inflation: The problem the RBA hasn’t talked about
– Aussie dollar: Lower for longer
– Aussie’s aren’t familiar with long term currency weakness
– Would a weak Aussie dollar lead to a resurgence in local manufacturing?
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Resource news in under 15 mins: Property woes grip China, dragging the Aussie dollar down with it, but it’s not the only factor putting pressure on the currency. Gold heads south for the Australian winter yet copper and silver turn north. Plus, one bank makes a contrarian call on oil…
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