Commodity prices continued to trade positive for the second week with dollar extending the losses. Base metals complex was trading higher from the starting of the week on supply concerns and higher demand outlook. Crude oil prices were trading up with shut in production and refinery operations in Gulf of Mexico on hurricane threat.
Bullion prices managed to close in green witnessing sharp recovery in the second half of the week on safe haven buying. Commodity prices were lifted higher as Dollar index fell by nearly 1 percent for the week after US Federal Reserve signalled change in monetary policy at Jackson Hole meeting. Bloomberg Commodity Spot Index has recovered to the pre-pandemic levels at 359 crossing the highs made in January 2020.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
