Fed rate cuts to help bolster commodity demand: Wells Fargo By Investing.com

Wells Fargo's Optimism on Commodity Markets: Analysts at Wells Fargo believe that recent Federal Reserve rate cuts will boost global demand for commodities, following historical trends where commodities perform well after such cuts, especially in non-recessionary periods.

Positive Market Response and Future Projections: The Fed's 50 basis point cut has already led to significant price increases in gold and the Bloomberg Commodity Index, with expectations of continued growth driven by lower borrowing costs and a supportive economic environment, targeting an index range of 250 to 270 by 2025.