New Gold ETF Could Shine Bright
Some new exchange traded funds don’t enjoy the benefit of good timing, but others do. It appears as though the Franklin Responsibly Sourced Gold ETF (FGLD) is in the latter category.
Source: etftrends.com
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Base metal prices are in freefall – will growth follow?
The price of copper has fallen to its lowest level since November 2020, with aluminium, nickel and many other base metal prices in freefall, too.
Source: moneyweek.com
Oil shortage starts to curb demand
The price of Brent crude oil is up by 475% since its March 2020 low. And when oil prices rise, people start to reduce consumption, leading to increased fears of a recession.
Source: moneyweek.com
Commodity markets rally as demand for raw materials climbs
Commodity markets have soared this year as reopening economies and the transition to green energy have driven a boom in demand for raw materials.
Source: moneyweek.com
Copper price's red-hot run as it heads for a decade-long high
Copper price’s red-hot run as it heads for a decade-long high The copper price has risen by 26% so far this year and is at its highest level in almost ten years. 30 Apr 2021 Copper has gained 26% so far this year and this week hit $9,758 a tonne, its highest level since the summer of 2011. Copper got a big boost last year from Chinese infrastructure building. Now the US is following suit, says Myra Saefong for MarketWatch. Joe Biden’s $2.3trn infrastructure package and green energy plans will require massive quantities of copper wiring. The virus also accelerated the advent of the digit...
Source: moneyweek.com