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Commodity prices rose to new highs on February 23 as optimism about the economic recovery grew and investors expected Powell to reassure markets. Bond yields eased and equities steadied, with commodity-heavy stocks gaining in Asia.
Stronger commodity sentiment and easing yields support raw material prices, though gains tied to risk sentiment can reverse quickly if rates rise.
globalbankingandfinance.comlinker 5Feb 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
