NEW YORK: With agricultural prices soaring, metal prices hitting the highest in years and oil well above US$50 a barrel, JP Morgan Chase & Co is calling it: Commodities appear to have begun a new supercycle of years-long gains.
A long-term boom across the commodities complex appears likely with Wall Street betting on a strong economic recovery from the pandemic and hedging against inflation, JPMorgan analysts led by Marko Kolanovic said in a report yesterday.
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