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02/22/2019Oil, gold and co on high flightThese commodities are now bringing investors money
Christoph Rottwilm
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REUTERS
Gold bars: The precious metal has recently risen to a ten-month high - other commodities are currently performing well.
With some commodities, investors have been able to generate big returns in recent months. But beware: the risks in the business are not to be underestimated.
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Performance of Lover Investments: Art beats cars, wine, watches, stocks and gold
After a tumultuous past year, 2019 has so far been quite tidy for investors on the financial markets. Stock market prices are developing largely satisfactorily. For example, the German index Dax stock market chart has risen by nearly 10 percent since the beginning of January, while the broad S & P 500 and the Nasdaq 100 tech index have gained even more ground on Wall Street.
These gains are substantial - compared to the performance of some commodities since 1 January (and sometimes much longer), they are almost modest.
The star on the commodities market so far this year is the crude oil. For example, the oil price of the American variety WTI has risen by about 25 percent since the beginning of January alone.
After that, it had hardly looked like it, especially in the second half of the previous year, when the global political situation sent oil prices on a downward spiral. At the time, the US sanctions against the producing country Iran, to which Opec and other producers had responded by expanding their supply, were the background. After the United States granted exemptions from the Iran sanctions, the oil market oversupplied the world market, massively slipping the price.
In the meantime, however, the picture has changed, mainly because Saudi Arabia, as one of the most important Opec members, has restricted its funding again. In addition, the sheikhs insist that other suppliers throw less oil on the market. The Commerzbank, for example, writes in a market report that Saudi Arabian energy minister Khalid al-Falih spoke with all Opec countries and associated countries and received corresponding assurances for cuts. According to Al-Falih, the goal of a balanced market could be reached by April. So at least so long could be expected with rising prices.
This initiative was already proving successful this week as Nigeria announced that it would limit its oil production in the future. The oil prices received thereby again a noticeable thrust.
Not quite as fast as the oil is up with the gold price. In the current year, the price of precious metal has already increased by almost 5 percent. However, the upswing began as early as the middle of last year, when the stock markets began to become particularly gruff. Gold as a supposedly "safe haven" for investor funds was suddenly in great demand again.
Page 1 of 2
- Part 1: These commodities are now bringing investors money
- Part 2: Minus 30 percent since January - this admonishing example, investors should know
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