Here, we take a look at the performance of some of these commodities over the past three months. Saxo Bank’s Hansen says gold prices have been struggling amid expectations of reduced (monetary policy) support from the Fed, thus raising the prospects of higher bond yields. Brent crude, CPO prices continue to climbThe prices of two commodities vital to the Malaysian economy — Brent crude oil and crude palm oil (CPO) — continued to display resilience amid the pandemic. Brent crude oil prices have increased 39% year to date, to US$72 per barrel last Monday. “This was mainly on external support of firm soybean oil prices and a lower annual palm production outlook.
