Commodity Prices on an Unstoppable Rally: ETFs to Benefit Zacks.com 3 hrs ago
After 10 years of underperformance, commodities are on an unstoppable rally this year thanks to recovering global economic growth from the pandemic lows, reopening economies, reflation trade and massive stimulus flows. The central banks across the globe have injected trillions of dollars to stave off the pandemic-ravaged economy.
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A weaker greenback added to the strength as it makes dollar-denominated assets attractive for foreign investors, raising the appeal for commodities. This is because commodities are often viewed as a hedge against inflation and a weaker dollar (read: 3 ETFs to Protect Against Inflation).