Commodities Daily - April 11, 2018
Brent slides on fundamentals after reaching YTD highs; EIA inventory data coming. We expect Brent to dip below $70/bbl on a bearish EIA report, with possible escalation in Syria the key risk factor.Gold prices surge on dollar weakness and Syrian tensions. In our view, if Western countries launch a strike against Syria today, gold could surge above $1,350/oz. We, however, do not think that a strike is in the cards and see gold easing to $1,340/oz later in the day.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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