Copper joins gold in broad commodities sell-off. There’s a worrying reason behind it

Key Points

Both precious and industrial metals fell in Thursday trading as investors are starting to worry this oil shock will go on long enough to cause an economic slowdown or recession.
An unusual stagflation scenario is occurring with rates rising on inflation fears, while economic growth expectations are being lowered.
But some warn that the possibilities of stagflation are low, despite investors’ trades.

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