Trade War Roils Commodities From Oil to Gold to Iron Ore

The video discusses the current trends in the gold, oil, and iron ore markets. Gold is analyzed in terms of its price movements and its relationship with yields and copper. The oil market is examined with a focus on OPEC's actions and the impact of global demand concerns, particularly due to the US-China trade tensions. Finally, the iron ore market is explored, highlighting the effects of supply and demand changes, including the aftermath of a dam disaster and its implications for steel production.

What is the target price for gold mentioned in the discussion?

• $1300

• $1500

• $1700

• $2000

What is the main reason for the current fear in the oil market?

• Rising demand in Asia

• A glut in inventories

• The US-China trade war

• Increased production by OPEC

What action has Saudi Arabia taken to address the oil market situation?

• Stopped oil exports to the US

• Increased oil production

• Increased oil prices

• Reduced oil exports by 700,000 barrels a day

What event earlier this year significantly impacted iron ore prices?

• A major dam disaster

• Increased demand from China

• A decrease in steel production

• A new trade agreement

What is a key factor linking iron ore to global growth issues?

• Its low demand

• Its price stability

• Its role in steel production

• Its use in electronics