Commodities: Gold defies rising bond yields, but why?
Résumé: In today's commodities focused podcast we talk about rising gold prices despite rising yields in a move that smells of investors seeking hedging for a financial system in which something could soon break due to rising bond yields. We also talk about the oil market and the emerging battle between geopolitical support and slowing demand. Finally, we touch on the widening performance gap between grain and soybean losses versus strong gains in soft commodities such as record orange juice, cocoa touching a 44-year high, and sugar touching a 12-year high, with Peter Garnry and Ole S Hansen.
Listen to today’s podcast - slides are available via the link.
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