Sports News
Commodity Markets: High Gold, Oil, Copper Prices Will Remain Problem for Fed
![Commodity Markets: High Gold, Oil, Copper Prices Will Remain Problem for Fed 1 1713532906 1200x800](https://misrsat.com/wp-content/uploads/2024/04/1713532906_1200x800-780x470.jpg)
A new commodities boom is complicating central bankers’ anti-inflation efforts and may help derail prospects for significant interest-rate cuts any time soon.
Even before Iran’s attack on Israel over the weekend stoked fears of a wider regional war and disruption to oil supplies, crude had already risen significantly this year. That advance, together with a renewed exuberance in markets for precious metals and other raw materials, has pushed the Bloomberg Commodity Spot Index to an almost seven-month high.