Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Breadcrumb caret Investments Breadcrumb caret Market Insights Commodities could strengthen in 2016, says expert Commodities may surprise to the upside in 2016. By Staff | February 5, 2016 | Last updated on February 5, 2016 1 min read Commodities were down 14.3% by the middle of last month, so were expected to set the worst January since the 1970s, says Jodie Gunzberg, global head of commodities for S&P Dow Jones Indices in a recent research note. But, commodities ended the month with a loss of just 5.2%. That doesn’t mean prices have hit a bottom, she warns, but she’s optimistic. That’s because “nine of the twenty-four commodities in the S&P GSCI were positive in January. [And], historically, there’s a higher chance the year will end positively than negatively based on the first month’s performance for seven of those commodities.” Read: $55 oil could happen as early as next year Overall, Gunzberg says commodity performance for 2016 could be promising, given the the S&P GSCI has a 59% chance of having a positive year. Still, she notes, commodity performance will depend on factors such as oil-supply decisions from Saudi Arabia, Russia and Iran, “in addition to Chinese demand growth, the strength of the [U.S.] dollar and the weather.” Also read: Advisors less bullish on equities Opportunities for Canada in China’s new economy: IIAC Further dip in oil could benefit investors 4 priorities for Canada’s energy sector Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo