Comic: Commodities’ Streak Ahead By Investing.com – Investing.com

SourceInvesting.com
SectorOil & Gas
CountryMiddle east

© Investing.com

By Geoffrey Smith

Investing.com — 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, 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 world’s most important industrial commodity back faster than seemed possible only a few months ago.

Industrial metals have also partied furiously this year, with up 35% and trading at over $10,000 a ton in London for the first time since 2011.

is up 23% at an eight-year high, catching up with and , which are also at eight-year highs.

Grain traders are determined not to miss out. topped $7 a bushel for the first time in eight years on Tuesday, and are now up over 42% so far this year, as are U.S. soybeans....read more...