Commodities dip a fair correction, says Castlestone

Alternatives specialist Castlestone claims the recent dip in commodity prices is a justified correct...

Alternatives specialist Castlestone claims the recent dip in commodity prices is a justified correction after excessive highs. Managing principal Angus Murray said the asset class should still be an attractive long-term investment and is pleased several commodities are returning to sensible valuations following massive inflows. "From a position of investment today, there is less excess in prices and more credibility," he added. "It is good to see prices ironing out and returning to their fundamental long-term valuations. Crude has fallen back to $120, which is much better for economy ...