One theme of 2021 so far has been the early signs of potential inflation. That may be one reason why bonds haven’t fared too well recently. In lagging numbers, the 1.7% rate of inflation (excluding food and energy costs) that we saw in March, was fairly tame. In fact, for much of the past decade .
Commodity Spikes May Be Close To Peaking, Futures Markets Show forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
How The Green Wave Will Send These 4 Metals Soaring streetauthority.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetauthority.com Daily Mail and Mail on Sunday newspapers.
LONDON (Reuters) -Will COVID-19 kick-start a new commodities supercycle? Goldman Sachs thinks so.
FILE PHOTO: Aluminium bars are seen in a shop of Kazakh mining company Eurasian Resources Group s (ERG) Kazakhstan Aluminium Smelter JSC (KAS) factory in Pavlodar, Kazakhstan February 20, 2018. REUTERS/Shamil Zhumatov
While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank contends it is just “the beginning of a much longer structural bull market for commodities”.
“Looking at the 2020s, we believe that similar structural forces to those which drove commodities in the 2000s could be at play,” Goldman argues. (“2021 Commodities Outlook: REVing up a structural bull market”, Nov. 18, 2020)