Commodity Report #28

Commodity selloff based on renewed Covid fears, Gold stays tricky to trade and seasonality is still working!

Last week the broader commodity market was lower. Due to the news on Thursday that a new Covid variant with the name "Omicron" was found, which is said to be even more widespread than Delta (the variant that has been most widely distributed up to now) and the uncertainty as to whether the available vaccines are suitable, commodities had come up to fight…