Copper, Gold Price Bulls Nurse Their Wounds But Fight’s Not Over Yet

The commodities boom has taken a knock this month, and while there are many reasons to still bet on a so-called supercyle, it’s unlikely to be plain sailing.

Vast amounts of stimulus, economies reopening from the pandemic and strong Chinese demand have driven a surge in raw-material prices this year, some to record highs. Yet they’ve slumped in the past two weeks — with some wiping out gains for the year — on a more hawkish U.S. monetary policy tone, China’s bid to cool inflation pressures and better weather for crops…

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