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Mike McGlone: Commodities Continue to be Tied to Equity Market Volatility but Gold Stands Alone
Published 11 months, 1 week ago
Description
Mike McGlone, Senior Commodity Strategist at Bloomberg, discusses the current state of the commodity market, focusing on oil, agriculture, copper, and gold. He highlights the volatility in oil prices, the challenges faced by U.S. farmers, the dynamics of the copper market, and the resilience of gold as a safe haven investment amidst economic uncertainty. McGlone emphasizes the need for a significant market shift to trigger a new commodity super cycle, while also addressing the implications of global economic trends on commodity prices.