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Gold and silver surge at odds with other market developments, amplifying signal value
Broad commodities strength extended to a third week, and so far, this month the Bloomberg Commodity Total Return index trades up 4.4% with solid gains seen across all sectors with grains still the notable exception, amid a continued overhang of supply from last year's bumper crop. Precious metals remain the strongest sector with gold continuing to break new ground with recent solid gains in silver and platinum lifting the sector's year-to-date performance to almost 18%. Considering the current dollar and yield strength in response to a stronger-than-expected US inflation report, it is increasingly clear the rally - ... (full story)