Commodity traders hunt mega gains as rate cuts turbocharges rally

Commodity markets have gone on a tear since the US Federal Reserve kicked off a fresh round of interest rate cuts, but analysts are tipping the spectacular rally in precious metals will broaden out to copper and aluminium into next year.

The Bloomberg Commodity Total Return Index, which trades a basket of 24 energy, metal and agricultural futures, is headed for its strongest monthly close in three years. The index has already jumped 9.3 per cent in 2025, eclipsing last year’s 5.4 per cent gain.

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