Gold Aug 21 (GC=F)
- Bloomberg
Commodities Bulls Nurse Their Wounds But Fight’s Not Over Yet
(Bloomberg) -- The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercycle, it’s unlikely to be plain sailing.Vast amounts of stimulus, economies reopening from the pandemic and strong Chinese demand have driven a surge in raw-material prices this year, some to record highs. Yet they’ve slumped in the past two weeks -- with some wiping out gains for the year -- on a more hawkish U.S. monetary policy tone, China’s bid to cool inflatio
- NBC Sports
Allyson Felix wins 400m heat, advances as she starts fifth Olympic Trials
Allyson Felix, now a 35-year-old mother, is after a spot on her fifth and final Olympic team.
- Barrons.com
Why China Can’t Stop the Rally in Copper
Copper prices have dropped from a record high last month following efforts by China to stem the rally in commodities. Prices have responded to a rapid economic recovery, especially in China, says Matthew Fine, manager of the Third Avenue Value Strategy portfolios. If the clean energy goals that have been announced come to fruition, “it seems very likely that we will experience one of the strongest copper demand growth periods on record,” he says.
