Michael_Macdonald-XATSUK

Precious Metals continue to Underperform

AMEX:DBP   Invesco DB Precious Metals Fund
The fall from the July high is gathering momentum, with prices extending lower into the end of the year.
This is keeping both Gold and Silver under pressure, suggesting investors will maintain an underweight stance.

Whilst prices are also weakening relative to the broad based Commodities Index, managers are now moving cash into both Base Metals and Energy.

Agriculture. meanwhile, is Underweight.

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