Prices for most commodities have moved lower year to date, with coal, natural gas and nickel among the big decliners, suggesting inflation has reached its peak and recession may not be too far behind.
“The general decline in commodities from the March 2022 peak suggests expectations of slowing U.S. and global growth, and actual slowing growth has pressured commodity prices,” said Roland Morris, commodity strategist for VanEck’s active Natural Resources Equity Strategy, adding that we may have seen the peak in U.S. year-over-year…
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