Gold, silver and platinum with new bottoms (2)

The Bloomberg Commodity Index, which tracks the performance of commodities, declined 10% from its nearly three-year high in May, and its sell-offs began to shift to other assets.
This is clear from the performance of the mining companies, the worst performing sector this month, as part of the European Stoxx Europe 600 Index. This is not a big surprise, given the poor performance of the metals.
The weakness of the raw materials was also transferred to the currencies of the raw-producing nations. Almost all 22 key commodities in the Bloomberg Commodity Index fell from their peak in May, with the exception of live cattle, cotton and orange juice. Copper, which is often used as a barometer for the state of the world economy, fell by as much as 18% over the period.
The burning trade war and the uncertainty about Chinese demand for raw materials is one of the main reasons for the depreciation of raw materials. While there is uncertainty about China, raw materials will continue to be under pressure, according to market observers.

Gold, silver and platinum with new bottoms (1)

What happens to raw materials should seriously stress investors on global stock markets. Because they have entered a correction phase and traditionally it is believed that the direction of commodity price movements points to the situation in the growth of the world economy.
Copper, which has often predicted short-term GDP growth with very high precision, saw a decline of more than 18% from its peak in May. In the light of the appreciation of the US dollar, copper fell below $6,000 (18% of its peak in May), and US crude oil tested $68 a barrel.
Gold fell below $1,202, and platinum rested near a 14-year low at levels below $800 per ounce. Silver, another industrial noble metal, is about to test the psychological limit of $15 per ounce.

Bernard Arnault: A bubble is formed that will burst

Bernard Arnault, the executive director of the multinational luxury goods company LVMH, has warned the world economy, which has to scare all investors seriously.
He thinks that the economic climate in the current situation is terrible in the medium term.  The billionaire made this statement in interview for the CNBC financial magazine on June 15th.
Arnault substantiates his opinion with high stock prices, low interest rates, and the volume of money that flows globally.
In his opinion, a bubble is being formed that will explode one day.
Arnault did not specify the time he expects the difficulties to happen, but said it could be soon because the last crisis was in 2008, and similar crises happen traditionally every 10 years.
In terms of his long-term horizon, however, the billionaire is optimistic, referring to advances in technology, which will ultimately help the world economy recover.