Commodities Hit Highest Since 2013 Amid Inflation Concern
- Bloomberg Commodities Spot Index up 67% from 2020’s low-point
- Broad prices gains seen recently in oil, copper and grains
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Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn.
Hedge funds have piled into what’s become the biggest bullish wager on the asset class in at least a decade, a collective bet that government stimulus plus near-zero interest rates will fuel demand, generate inflation and further weaken the U.S. dollar as the economy rebounds from the pandemic.