FlowBank

1058 days ago

ARK's Cathie Wood predicts SERIOUS CORRECTION in commodities

"The scramble is more today than what we've seen in any other cycle," Wood said, predicting that "we will have a very serious correction in commodity prices" once the global economy fully reopens.

Deflation, rather than inflation, will likely be the dominant theme in global markets in the years ahead due to technological innovation, Wood said. Yields for the benchmark 10-year Treasury will likely stay within a range between 1.5% and 3%, she said, while oil prices are unlikely to go above $70 per barrel.

#Commodities
ARK's Cathie Wood predicts serious correction in commodities

1058 days ago

India's rice output continues to all time high

Indian exports of the planet’s most consumed staple may climb to an all-time high of 16.2 million tons this year, up about 12% from 14.5 million tons in 2020.

#Commodities

1058 days ago

Iron ore import spot price hits all time high North of $200

Iron ore surge won't fade anytime soon after its $230 price surged this morning in Singapore. Some analysts suggest it is hard to justify such high prices. Some see prices test a $250 price range in the coming 12 to 18 months.

#Commodities

1059 days ago

The correlation between gold and US real yield is almost perfect

Source: Federal Reserve, Jeroen Blokland

#Bonds #Commodities
The correlation between gold and US real yield is almost perfect

1059 days ago

Gold rallies to its highest in nearly 3 months as inflation bets rise & USD sinks

Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve officials on the labor market for clues on monetary policy going forward.

Bond market expectations for the pace of consumer price inflation over the coming half decade surged on Monday to the highest level since 2006. The jump in the five-year breakeven rate comes amid a run-up in commodities and adds to a longer-term uptick in inflation bets that’s been fueled by improving prospects for growth, plans for infrastructure spending and pandemic-related stimulus measures.

#Commodities
Gold rallies to its highest in nearly 3 months as inflation bets rise & USD sinks
bg_newsletter