We have of course addressed the potential impact of higher US interest rates on global commodity markets before. But with the Fed almost certain to hike tomorrow for the first time since 2006, now is an obvious opportunity to revisit the key points. In short, while monetary tightening in the US might add to the headwinds facing gold and silver in particular, the backdrop of rising inflation pressures and stronger economic activity could still be a net positive for most commodity prices.
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