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  • Hard and soft commodity prices tumbled at their fastest rate in decades in September as concerns over slowing global growth sent demand for almost all commodities into freefall. Of the non-precious metals, nickel registered the most substantial fall, losing more than 21% while copper prices fell 14% and aluminium prices lost 10%. Gold was a notable exception. It rallied strongly on the back of the dramatic flight to quality to end the month at US$871 per troy ounce, a rise of almost 6%.

  • The oil price was also very volatile over the period but despite a series of intense peaks and troughs, it ultimately fell. The price of a barrel of West Texas Intermediate crude fell from US$116 at the start of the month, to US$101 by the end.

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