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Commodities could pull back more this year as supply outpaces demand growth
Published Wed, May 31, 2023 · 07:53 PM
AFTER a stellar year in 2022, commodities could likely book a weaker performance this year on the back of factors such as the strengthening US dollar, greater stability in supply and weakening demand.
Commodities were the best performing asset class in 2022, rewarding investors with solid returns across the board. This was driven by renewed demand amid the gradual easing of Covid-19 restrictions across different countries.
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