"Despite the 'transitory' message regarding inflation, some on the Committee must be twitching a little uncomfortably," an analyst said.
Inflation concerns eased as commodities including copper, lumber and nickel fell and investors waited for the Federal Reserve's next meeting.
Legendary investor Jeremy Grantham talked about everything from Tesla to his tie collection in a wide-ranging interview with Morningstar.
Both bitcoin and copper work as "risk-on" inflationary hedges, or situations where investors have higher risk appetite, Currie said.
"Essentially we're sleepwalking to huge deficits and scarcity. And prices will have to rise even higher than is currently our base case," Goldman said.
As the economy picks up, inflation rises and monetary policy remains loose, commodities will keep surging, Goldman Sachs says.
"Market participants are trading iron ore derivatives like cryptocurrency...not based on fundamentals, just pure momentum," one expert says.
If stocks deplete, copper prices could rise above $20,000 a ton, Bank of America research says. Debate about a commodities super-cycle is growing.
The S&P 500 notched a new record as data showed the US economy near full recovery. Facebook and Apple earnings also lifted the market.
Copper prices rose to as high as $10,008 a ton on the London Metal Exchange Thursday before falling from 10-year highs.
Tailwinds for commodities include coronavirus restrictions easing worldwide, on top of lower interest rates and a weaker dollar.
Copper is increasingly needed in the production of electric vehicles, which require close to 200 pounds of the metal in a single vehicle.
Copper demand and prices will rise as clean energy and sustainability become the focus ahead of the deadline of the Paris Agreement.
The goods were secretly unloaded at night and replaced with rocks that resembled semi-refined metal.
With $1.9 trillion in stimulus now a certainty, risk assets such as stocks, emerging-market currencies, crude oil and copper rallied.
California and Washington both have bans on how much copper can be used in brake pads. The laws go into effect in 2021, which means that high-performance versions of the 2021 Chevrolet Camaro are affected. Dealers cannot order the cars until Chevrolet comes out with a fix, a company spokesperson […]
Structural under-investment, increased stimulus and the weakening dollar are the foundation for Goldman Sachs’ bullish forecast, according to a research note published Thursday. The Goldman analysts recommend a long position on its carbon-neutral commodity index for ESG investors. Goldman increase their forecasts for soya and corn, leaving gold unchanged. A […]