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Will commodities continue to outperform in Q2 2022? [Video]

As we head into a fresh month and fresh quarter of 2022 – Rapidly surging global inflation, Rate Hikes and Geopolitical Risk are now emerging as the three major themes dominating and driving the financial markets.

Over the first quarter of 2022, Commodity prices across the board outperformed every other asset class with double to triple digit gains – to score their biggest price increase on record in over a century.

Oil prices soared above $130 a barrel to hit their highest level in a decade. While Gold extended its parabolic rally from just under $1,800 an ounce to a high of $2,070 an ounce – just $5 short of an all-time high reached in August 2020.

The bullish momentum also split over into other commodities with Aluminium, Copper, Lithium Platinum, Palladium, Uranium, Zinc, Coffee, Wheat and Lumber prices blasting through all-time highs.

Elsewhere, U.S Natural Gas prices have almost doubled this quarter and are on course for their strongest rally since 2009. Meanwhile, European Natural Gas prices have skyrocketed a whopping 90% to post their biggest monthly rise ever.

But the best performing commodity was Nickel.

Nickel prices snatched the headlines this month with a blistering gain of over 250% in a single day to register the biggest one-day move ever seen in the history of the commodities markets.

In total 27 Commodities ranging from the metals, energies to soft commodities have tallied up astronomical double to triple digit gains within the first quarter of 2022 – And this is just the beginning!

According to Goldman Sachs “we're still only at the first inning of a multi-year, potentially decade-long Commodities Supercycle”.

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions:

Author

Phil Carr

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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