Metals, Oil Outlook 'Not Great,'  Prestige Economics Says

Metals, Oil Outlook 'Not Great,' Prestige Economics Says

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Business

University

Hard

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The video discusses the current state of the commodity markets, focusing on aluminum, oil, and gold. It highlights China's significant role in the global commodities market, particularly in oil, and the impact of its economic data on market trends. The discussion also covers OPEC's influence on oil supply and demand, and the shift from a supply-driven to a demand-driven market due to trade tensions. The video concludes with an analysis of the gold market, noting the effects of a weaker dollar and trade tensions on gold prices.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors are contributing to the bullish outlook for gold?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the relationship between trade tensions and gold prices?

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