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A Reuters Morning Bid piece notes that commodity prices are running higher this year, with copper up about 10% and record gold prices up about 12% year to date. It links the rally to concerns about inflation.
Persistent commodity strength keeps inflation elevated and delays Fed easing, which tends to support the dollar and weigh on dollar-denominated feed prices.
reuters.comApr 9, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
