Rising Gold and Oil Inflows Propel Global Commodity Open Interest to 2022 Highs, According to JPM Analysis
Tuesday, 9 April 2024, 10:04
Global Commodity Open Interest Reaches New Highs
The estimated value of open interest across global commodity markets has increased significantly, driven by inflows in gold and oil.
Key Highlights:
- Upward Trend: Open interest has surged by 3.5% week-on-week.
- Market Drivers: Increased demands for gold and oil are key contributors.
- Investor Interest: The robust performance indicates strong investor interest in commodities.
This growth trend reflects potential market opportunities and highlights the significance of gold and oil inflows in driving the global commodity open interest value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.