US EditionStrategist Names 2 Commodities Driving 'Global Recession Path'
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Strategist names 2 commodities driving 'global recession path'
Bloomberg Intelligence Senior Commodity Strategist Mike McGlone has pointed out a growing gap between gold and crude oil, signaling increasing worries about a possible global economic slowdown. To this end, gold has jumped nearly 46% over the past year as investors seek safe assets amid rising geopolitical tensions and ongoing economic uncertainty. Gold and oil performance chart. Source: Bloomberg Intelligence In contrast, crude oil, often a mea…
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