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Commodities weekly: Metals pull back after a volatile, record-setting month for commodities
January will go down as one for the record books in the commodities space. The Bloomberg Commodity Index is on track to finish the month up around 12%, a performance exceeded only a handful of times in the past 45 years, most recently during the post-crisis rebound in 2009. Unlike some previous surges driven by a single sector or theme, this rally has been relatively broad-based, with precious metals and energy leading the charge, industrial metals participating, and agriculture delivering a more mixed performance. While the headline returns look impressive, underlying conditions warrant caution. Volatility has ... (full story)