Commodities Are Attractive Again

Commodity-linked investments have become attractive again in recent weeks as traders increasingly believe the U.S. economy could pull off a soft landing even as interest rates are at their highest in 22 years.  Oil prices just booked in July the biggest monthly gain since January 2022 the best July performance in nearly two decades. Oil hit a three-month high earlier this week, amid slowly growing optimism about resilient oil demand, as well as falling supply due to the production cuts from OPEC+ and Saudi Arabia.  Money managers…