Global commodities had mixed performances this week. Metals have been aided by a dollar weakening, while energy suffered recent political developments.
The VanEck Gold Miners ETF (GDX) has fallen about 45% since April 2022, pressured by lower gold prices
Gold and the US dollar have historically had strong starts to the year. The precious metal's average return in January was 1.6%, while the US dollar rose by 1%.
Steel market weakens as demand falls amid looming recession
Russia has recently proposed the establishment of a new precious metals exchange, the Moscow World Standard
Copper has seen an 8% rise this month due to falling stockpiles and tighter supply
The US Inflation Reduction Act has earmarked about $430 billion for renewable energy investment
Pre-Covid structural issues have been accelerated by global inflation pressures
Market pricing of future Fed interest rate cuts is a positive catalyst for precious metals such as gold and silver. However, the final answer is determined by the inflation trend.
According to Peter Schiff, precious metals would be the best inflation hedge for investors. This thesis was supported by historical analysis.
Will lead prices fall further as EV trend accelerates?
Commodities are often looked at as safe-haven assets in uncertain times
Should investors back Cornwall's tin mine rehabilitation?
Is the commodity a buy, hold or sell after its retreat from record highs? Read on to learn more.
Capital.com's study shows that the current commodities supercycle has already provided returns comparable to the mature periods of the preceding supercycle.