The order of commodity price increases has remained unchanged for decades!
1. Gold rises first 2. Silver follows suit 3. Copper prices increase, followed by aluminum 4. Crude oil prices follow 5. Natural gas prices rise 6. Prices of agricultural products like soybeans and corn increase last. A simplified way to remember is "Gold, Silver, Copper, Aluminum, Oil & Gas, Rice"
Of course, there can be sector linkages, for example, copper can drive other non-ferrous metals, and others follow this pattern. The specifics may vary and there could be some divergence.
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The order of commodity price increases has remained unchanged for decades!
1. Gold rises first
2. Silver follows suit
3. Copper prices increase, followed by aluminum
4. Crude oil prices follow
5. Natural gas prices rise
6. Prices of agricultural products like soybeans and corn increase last. A simplified way to remember is "Gold, Silver, Copper, Aluminum, Oil & Gas, Rice"
Of course, there can be sector linkages, for example, copper can drive other non-ferrous metals, and others follow this pattern. The specifics may vary and there could be some divergence.