Gold prices soared on Tuesday, 16 July, due to growing expectations of a rate cut in September and an increase in the likelihood of a Trump election win. Following Fed Chair Jerome Powell's reassurances, markets started pricing in three rate cuts in 2024.
Recent supply and demand shifts have had an outsize effect on certain sectors of the commodity market. In this article, we delve into some of the big winners.
In 2023, markets were volatile as economic challenges clashed with some optimism. NVIDIA, C3.AI, and Microsoft soared on AI, while Big Banks and key commodities struggled.
Oil reached a 3-month high following a big crude stock drop, marking the largest decline since 1982. We explore its impact on oil prices, the current situation in China, and the upcoming OPEC meeting due on Friday.
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