Gold glitters Credit Suisse is bullish on the prospects for the precious metal |
The last few weeks were mainly marked by the recovery of commodity prices following the sharp correction right at the start of the New Year. As a result, the major commodity indexes are now trading significantly higher again than in mid-January. Since its low point for this year on January 9, the Dow Jones AIG Commodity Index DJAIG Index managed to regain more than 8%. Over the same time, the Goldman Sachs Commodity Index GSCI Index even recovered more than 9%. While those numbers seem impressive, the YTD performance of commodity indexes remains poor,...