Bloomberg on Commodity Price Inflation—It’s Speculation, Stupid

Bloomberg lets the cat out of the bag and admits that the enormous increase in commodity prices, which is causing hoarding and scarcity for producers, is not due to Chinese demand but by a spillover from the asset bubble: “Bloomberg’s economic model shows movements in commodity prices this year have been mainly driven by risk appetite, not fundamental demand or shortages of supply” https://www.bloomberg.com/news/articles/2021-05-27/is-gold-set-to-tear-even-higher-four-key-charts-to-watch.