GLDM - Why Commodities Like Silver Oil And Gold Are Soaring Amid Inflation
2024-07-09 00:19:59 ET
Summary
- Fourth of July spread costs were up 5% from last year, 30% from 5 years ago.
- Commodities like silver, oil, and gold are seen as an inflation hedge.
- Silver, oil, and gold were top-performing commodities in the first half of 2024, driven by various factors such as supply deficits and global demand trends.
If you were in charge of the Fourth of July spread last week, you probably noticed a hike in prices. According to the American Farm Bureau Federation, the cost of a typical Independence Day spread for 10 people jumped to $71.22 this year, up 5% from last year and a whopping 30% from five years ago....
Why Commodities Like Silver, Oil And Gold Are Soaring Amid Inflation