Is the commodities boom over?

Many commentators have said that the recent rash of highs in commodities prices were the peak of a bubble - the recent large falls in the price of gold, silver and crude would suggest they are right. But if history repeats itself, there could be even further gains...

"No stock even a commodity stock is immune from the inflation bogey man,"says Dan Denning on Dailyreckoning.co.uk. As inflation has hit all world markets, it also hits commodities.

Gold may be the classic inflation hedge, but even its price has been edging down as investors worried that all commodities had run ahead of themselves. Indeed, this week it hit a four-week low of just $636 on Monday, from a 26-year high of $732.

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Annunziata Rees-Mogg

Annunziata was a deputy editor at MoneyWeek, covering financial markets, politics, economics and comment pieces. She then went on to the Daily Telegraph as a lead writer where she wrote a column on young women’s financial issues. She was briefly a member of the European Parliament for the East Midlands region in the UK as part of the Conservative Party.  Annunziata continues to write  as a freelance journalist.