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Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for August supply fell 46 cents to $74.10 a barrel Monday. Brent crude oil for September supply fell 39 cents to $75.16 a barrel.

Wholesale gasoline for August supply fell 1 cent to $2.28 a gallon. August heating fell 1 cent to $2.15 a gallon. August pure fuel rose 8 cents to $3.75 per 1,000 cubic toes.

Gold for August supply fell $4.70 to $1,805.90 an oz.. Silver for September supply rose 1 cent to $26.24 an oz. and September copper fell 3 cents to $4.32 a pound.

The greenback rose to 110.34 Japanese yen from 110.17 yen. The euro fell to $1.1858 from $1.1875.

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7 Stocks to Buy That Will Benefit From Inflation

There are two narratives which might be getting conflated relating to inflation. The primary is whether or not or not inflation is going on. And the second is whether or not inflation will get uncontrolled.

To the primary level, the clear reply is completely. There are value will increase in every thing from commodities to semiconductor chips. And despite the fact that lumber costs have gone down it’s an excellent guess that many shoppers will delay their deck tasks for an additional day.

And, in fact, inflation numbers are likely to strip out fuel and groceries – however these are exactly the areas the place shoppers really feel inflation probably the most. Inflation is actual.

However is that this simply “transitory” as many analysts and the Fed itself declare? Or is it solely the start of one thing a lot worse? The reply to these questions might be above our pay grade.

As an investor, the inflation narrative solely modifications the place you allocate your funding {dollars}. And for probably the most half, you’re in all probability solely a small proportion of your portfolio.

Nonetheless, the primary rule of investing is to not lose cash so it’s essential to establish corporations that may present a hedge towards inflation – transitory or in any other case.

That’s the main target of this particular presentation. Proper now there are a lot of robust corporations that profit when inflation is on the rise.

View the “7 Stocks to Buy That Will Benefit From Inflation”.

https://www.marketbeat.com/articles/closing-prices-for-crude-oil-gold-and-other-commodities-2021-07-12/?utm_source=AppleNews&utm_medium=AppleNews&utm_campaign=AppleNews

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