Wall Street is the most bullish on commodities in a decade
Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally.
Source: theedgemarkets.com
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Investors bullish on prospects for commodities
SHARE Commodity investors are back in full force, with record wagers that crops, metals and oil are set for a rally. A weakening dollar is making materials denominated in the currency more appealing at a time when equities are on a tear and the world is on a path to recover from the coronavirus pandemic. All of that has prompted speculators to pile back into commodity markets, boosting combined bets on rising prices to the highest in at least a decade. That’s a stark turnaround for a corner of the financial market that had been struggling to lure investors since the China-driven commodities...
Source: thenationalnews.com