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After Another Quarterly Loss, Is Worst Over for Commodities?

  • Bloomberg commodity gauge posts third straight quarterly loss
  • Goldman, JPMorgan see prices bottoming in many raw materials
Updated on

Commodities just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over.

The Bloomberg Commodity Index fell 2.5 percent in the third quarter amid a stronger dollar, trade frictions and concerns over the Chinese-demand outlook. Copper slid into bear markets and gold posted its longest run of monthly losses in two decades in September. Crude oil was among the few bright spots. On Monday, the Bloomberg gauge advanced 0.1 percent at 8:47 a.m. in New York.