Commodity prices keep rising in anticipation for another Fed rate cut
Commodity prices continued to rise last week due to expectations that the Federal Reserve (Fed) would continue to cut rates, showing signs of a soft landing in the central bank’s fight against inflation, and China’s monetary decisions, Anadolu Agency
The People’s Bank of China significantly eased its monetary policy to boost the Chinese economy, resulting in a rally in precious and base metals. The bank’s measures to stimulate the economy were dragged down by persistent weakness in domestic demand and a decline in the real estate sector.
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