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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - Ser E NRGO
March has been a very challenging month for precious metal investors.
As nominal interest rates have risen, the sharply negative inflation-adjusted or "real" interest rates that drove COMEX gold to new all-time highs in 2020 have evaporated.
Over the course of March, copper and crude are both down over 10%.