Copper rose the most in a week in London amid supply concern as the world’s second-biggest copper mine in Indonesia remains shut after a deadly accident. Nickel sank to the lowest level since July 2009.
Cars, trucks, trains and ships will increasingly run on natural gas after the fuel’s price broke a traditional link with crude oil, according to Edward L. Morse, Citigroup Inc.’s head of global commodities research.
Stocks are much cheaper after four years of gains than they were in the two previous bull markets after taking corporate earnings into account, according to Neil Dutta, head of U.S. economics at Renaissance Macro Research LLC.
Gold traders are divided in their outlook for prices on signs the rush for coins and jewelry that followed the start of the bear market last month is slowing, at a time when hedge funds are the least bullish in five years.