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Iran war volatility has boosted commodities across the complex, and gold, oil and base metals prices will rise even after a deal - UBS
U.S.-Iran negotiations remain the most important driver of commodity markets in the near term, and an allocation to commodities can help investors hedge against inflation and energy supply shocks over the medium term, according to Giovanni Staunovo, commodity analyst at UBS. In a new update published Monday, Staunovo wrote that commodity market volatility is likely to remain elevated in the near term, but these fluctuations have also added up to significant gains across the complex. “The price of Brent crude oil hit a four-year high of USD 126/bbl on 30 April; it was trading around USD 93/bbl at the time of ... (full story)
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