Skip to main content

Will policy stimulus provide a lasting boost to commodity prices?

The recent announcements of additional stimulus in the euro-zone, China and the US might prove to be a turning point for the global economy, thus justifying and even extending the recovery in commodity prices. However, there are still serious doubts over the substance and ultimate effectiveness of these policy measures. Unless the economic data rapidly improve, the gains in oil and industrial metals prices are unlikely to be sustained. The only clear winner is gold.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.