: commodities are the upside outlier by a wide margin, based on a set of ETFs through Friday’s close .The other main takeaway in the chart above: most of the major asset classes are in the red so far this year. The deepest loss is in US property shares is up 15.6% year to date. A key factor is the recent rise in demand from central banks for the precious metal, China in particular.
Keep in mind that while commodities are the year’s big winner, there’s still room for debate on whether the latest move is more than a bounce within a trading range. Using GCC as a benchmark, the commodities rally has lifted prices from roughly two years of flatlining near the low end of a range. No one knows how current conditions will play out vis a vis commodities, but there are key questions to ponder. That includes wondering what catalysts would continue to drive commodities prices higher from current levels?as a factor.
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »