“The path of least resistance for the Australian dollar is down. Base-metal prices are likely to continue to come off a bit as inventories rebuild.”
“Funds are viewing commodities such as oil and metals as investment tools, so these prices are likely to keep rising. Copper prices show no signs of retreating.”
“It's the metal price that's clearly driving it. To some extent, costs are better, but metal prices are the game for an aluminum company.”
“Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.”
“The Canadian dollar is seen as a commodity currency and metal prices have been going up across the board, commodity prices are up.”
“The market can go higher, led by commodities stocks. Metals price should stay strong as most have low inventories and the trend is up for gold.”
“The dollar stopped firming, and combined with high metals prices this has been conducive to a stronger rand.”
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