by Sarah Taillier, BullionStreet:
A market analyst is predicting challenging conditions for gold, nickel and copper miners will persist for another six months.
Paterson’s Securities’ Rob Brierley says the softening in commodity prices is being fuelled by a number of factors, including market concern about the direction of the Chinese economy.
He says the market is currently in surplus.
“What’s happened with a lot of these commodities, there’s been a substantial amount of new production brought onstream over the last couple of years and it’s got to the point where it’s turned the market from being in deficit to being in surplus,” he said.
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