There were some signs of fading investor enthusiasm for industrial metals last month. Although January-February economic data out of China were encouraging, the shift in timing of the Lunar New Year holiday can create distortions. Moreover, stocks of many metals were rising. A clearer picture of Chinese demand should emerge over the next couple of months. Meanwhile, gold took the Fed rate hike in its stride and rallied on a relatively dovish Fed statement.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services