
Commodity Catchup: How to Protect Against Inflation, Own it
When inflation rises, traditional portfolios can struggle. Commodities have historically offered a hedge against rising prices and market stress.
Trevor Yates
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The Global X Research Team is pleased to announce the release of its Monthly Commodities Tracker. This commentary covers the latest developments across several commodities markets, from precious metals to uranium, copper, and the disruptive materials that are powering next-generation technologies. Click here to view the report.
Nuclear Energy & Uranium: Deepening U.S. policy support strengthened the uranium market's structural case, spanning new reactor financing and added domestic enrichment capacity. The DOE's $17.5 billion conditional loan package for new nuclear deployment headlined this month's developments.
Copper: Supply-side tailwinds were outweighed by currency-related headwinds, muting copper’s advance. Trade policy remains in focus ahead of the June 30th deadline for potential Section 232 tariffs on refined copper.
Precious Metals: Gold and silver extended their retreat as unexpectedly hawkish Fed signals outweighed the impacts of an emerging ceasefire framework. In the background, central-bank gold buying continues to underpin gold’s structural case, offering a potential floor amidst ongoing volatility.
Critical Minerals, Battery Tech, & Lithium: The U.S. accelerated its push to onshore critical minerals supply chains even as China escalated the rare earths fight. Lithium prices retreated on speculation surrounding a potential restart of CATL’s Jianxiawo mine.
Commodities consolidated in the second quarter as the Strait of Hormuz situation eased, but continued to outpace U.S. and global equities.
Trevor Yates