From Yahoo Finance: 2024-05-25 13:43:59

Commodity prices took a hit this week due to cooling demand from China and hawkish Fed commentary. Despite the recent decline, experts believe the long-term outlook for commodities is strong. Gold futures have risen 12% this year, while silver has surged 27%. Copper hit a record high above $11,000 per ton, driven by demand for renewables and EVs. Analysts predict copper prices could rise over 25% to reach $12,000 per ton in 2025. Investors are advised to consider companies like Antofagasta, Freeport-McMoRan, and Teck Resources as top copper picks. Deutsche Bank’s chief US economist Matthew Luzzetti remains optimistic about commodities demand due to strong economic growth in the US.



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