Comic: Commodities' Streak Ahead

By Investing Com8 days ago


By Geoffrey Smith

AD -- The rally in stock markets may be faltering, but it seems like nothing can stop the commodities juggernaut in 2021.

Since the start of the year, crude oil has risen 32%. Goldman Sachs analysts said last week they expect it to hit $80 by year-end as the reopening of U.S. and European economies, in particular, brings global demand for the worlds most important industrial commodity back faster than seemed possible only a few months ago.

Industrial metals have also partied furiously this year, with copper up 35% and trading at over $10,000 a ton in London for the first time since 2011. Aluminum is up 23% at an eight-year high, catching up with nickel and zinc, which are also at eight-year highs.

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