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A rollercoaster Q1 for commodities, so what's next: Hansen
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Oil was one of the major movers in the first quarter, with its continued fall hitting stocks and bonds. Since then it's rallied around 40%, says Saxo's Ole Hansen, but where next?
Gold was the big beneficiary of the Q1 chaos while industrial metals such as copper appeared to get a break but that didn't last long.
Hansen discusses what the second quarter may hold for commodities, and pays particular attention on oil, gold and agriculture.