January Has Been a Roller Coaster for Commodities ...Middle East

OILPRICE - Economy
January Has Been a Roller Coaster for Commodities
source : OILPRICE ( Middle East ) () 18
Via Metal Miner January 2024 unfolded as a dynamic and volatile month for financial markets and commodity prices. The early weeks of January saw euphoria among investors fueled with hopes of receding inflation concerns and a dovish fed. However, a hawkish central bank and geopolitical tensions soon dampened that optimism. Meanwhile, falling oil prices and tightened investments drove bearish pressure on hopeful investors. Overall, financial markets resumed their December 2023 rally, mainly due to cooling inflation data and an eased U.S. CPI print.…

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