Commodities Set for Best Year Since 2016 as Trade Worries Ebb
- Advances seen from crude oil to copper and main farm goods
- Raw materials benefit from phase-one trade deal, risk-on mood
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Commodities are set for the best annual performance since 2016, with crude to copper posting annual gains.
The Bloomberg Commodity Spot Index hit the highest since November 2018 as trade tensions ebb, a risk-on mood sweeps markets, and the dollar eases. The gauge is now up 11% in 2019.