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Want To Know Where Oil Prices Are Heading Next? Then Keep An Eye On Gold

From fxempire.com

{video} This is now the fourth consecutive year that has seen a total of 47 commodities ranging from the Metals, Energies to Agriculture tallying up astronomical double to triple digit gains. So far this year, traders have piled into Commodities at one of the fastest paces ever seen to capitalize on the biggest macro themes driving the markets from persistent geopolitical tensions, the EV revolution to the global pivot towards interest rate cuts. According to data tracked by GSC Commodity Intelligence – capital inflows into Commodities over the 1st quarter of 2024 have totalled a whopping $1.4 trillion. That’s the ... (full story)

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  • Category: Fundamental Analysis