Is the commodities correction over?
Business

Is the commodities correction over?

By July 4, 2024 No Comments

Wall Street extended higher, driven by mega-cap tech after softer labour data galvanised expectations for September rate cuts. Bonds rallied with yields lower across the curve, which also weakened the US dollar. Commodities jumped. Gold and silver staged decent upward dynamics, which potentially marks the resumption of upward momentum following a six-week correction. The Chinese Nasdaq Golden Dragon index jumped over 3%.

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