Reported 5 months ago
The article discusses the recent cooling in the commodity market due to decreased demand from China and hawkish Fed comments, causing investors to take profits after recent price surges. Despite this, Wall Street experts see a strong long-term outlook for commodities, especially silver and gold, with BTIG's chief market technician Jonathan Krinsky noting a potential for further gains in the "Great Reflation trade." Copper has also seen a significant increase and is expected to continue its rally, with Bank of America recommending investment in copper-related companies like Antofagasta, Freeport-McMoRan, and Teck Resources. Additionally, economic growth in the US is seen as supportive of commodities demand.
Source: YAHOO