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Are Commodities Stuck in a Bear ‘Super-Cycle’?

Posted on 23 November 2016

Higher rates and a stronger dollar are weighing on commodities prices especially precious metals. Soon after Donald Trump won the presidential election expectations grew that inflation would rise along with bigger deficits as a result of prospective tax cuts coupled with increased spending.
Long-term Treasury bond prices fell as yields climbed, reaching a 12-month high of 2.35% by Friday, and the dollar surged as a result of higher rates. Gold, a traditional inflation hedge, however, lost 5% in price since the election and silver fell almost 9%. “Higher yields along with a sharply higher U.S. dollar are usually poison for gold,” explains Bart Melek, head of global commodity strategy at TD Securities………………………………………Full Article: Source


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