Will Commodities Sustain The Higher Levels?
Dalal Street Investment Journal|September 26, 2022
Despite the fact that commodities have rebounded, a sustained recovery faces many obstacles due to the fact that after a rapid increase the US dollar is now susceptible to profit-taking
Will Commodities Sustain The Higher Levels?

Over the past fortnight, commodities began to show some signs of improvement as the US Dollar index battled to consolidate its gains. The greenback has been the primary driver influencing commodity prices and this trend may continue as market participants prepare for US’ inflation statistics due next week and the US Federal Reserve’s decision on monetary policy in the last week of September. Due to the Federal Reserve’s aggressive posture and safe haven buying, the USD had a strong start to the month and hit a new 2022 high.

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