Commodity Prices Shoot For New Highs As Inflation Breaks Records – What’s Next?

In the U.S, inflation is rising at its fastest pace in three decades. In China and Japan, inflation is shattering records. While in many other economies, including the UK, Canada and Europe inflation is nearing its highest level in almost two decades.

Behind the scenes, inflation is at the core of one of the biggest debates in economic history with traders questioning whether the spike in prices is “transitory” or just another major blunder by central banks and global governments.

Data released last week showed that U.S Inflation is now running at its highest in a generation with Consumer Prices rocketing by a whopping 6.2% in October from a year ago – the biggest annual gain in over 31 years.

Historically, when inflation accelerates at a red-hot pace, so does the prices of Commodities.

So far this year, a long-list of Commodities have already blasted through all-time record highs including Aluminium, Copper, Cotton, Coffee, Crude Oil, Natural Gas, Nickel, Lithium, Wheat and Uranium just to name a few.

In total 27 Commodities ranging from the metals, energies to soft commodities have tallied up double to triple digit gains, so far in 2021 and this is just the beginning.

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

For a look at all of today’s economic events, check out our economic calendar.