Opening Statement from the September 2021 CCPM Forecaster

Opening Statement from the September 2021 CCPM Forecaster

Originally published on September 6, 2021 (pre-market release)

Overview

After mounting a strong rebound over the past several months, commodities sold off strong in August due to lingering impact of the delta variant which has led to another phase of lock downs throughout the world. But commodities made an impressive rally moving into the final week of August. 

Advanced nations are progressing at a faster pace through the economic recovery. Although some of this progress is being neutralized by COVID-related issues seen in select emerging economies, global growth remains strong.

Gold & Silver

Gold and silver continue to experience low price volatility given easing fears of persistent inflation and a tame 10-year U.S. Treasury yield.

Moving forward, traders should watch for