A risk-off tone across markets saw selling emerge across commodities. Investor appetite was also dented by a stronger USD. The ANZ China Commodity Index ended the session up 0.4%. The energy sector led the complex lower, with crude oil giving back some gains following the breakdown of OPEC talks. Copper fell sharply, leading the industrial metals sector into the red. Agriculture was weaker across the board, with heavy falls in grains and softs. Bulk commodities managed to buck the trend, with iron ore and coking coal managing to edge higher. Precious metals benefited from the risk-off tone, with gold lifting the sector. Read more…
