Agricultural commodities are now up 21% annually.
That has a 3-month lead on CPI.
A second wave of inflation is emerging. pic.twitter.com/gCq8C3hxkF— Otavio (Tavi) Costa (@TaviCosta) March 27, 2024
I see so many pushing DBA and calling for a commodity bull (like they have last 30 years). Yes, we have potential inflation so we actually might this time but in regard to DBA which is agriculture, it has been skewed by the HUGE rise in cocoa futures from 200 to 10,000. The… pic.twitter.com/UY259bKhU2
— Lee3 (@Lee_Lichterman) March 26, 2024
Gold Rises on Rate Cut Expectations Before Inflation Data
Gold prices increased on Tuesday, buoyed by the growing anticipation of U.S. Federal Reserve rate cuts. Investors are keenly awaiting this week’s inflation data to assess potential cut timings. Spot gold saw a 0.2% rise to $2,176.59 per ounce, with an early session peak of a 1.3% jump. U.S. gold futures slightly rose by 0.04%, closing at $2177.2.
Rickards: “Goldilocks” Is Gonna Get It
Federal Reserve Refuses to Provide Records of Foreign Gold Holdings