Investors see commodities as an inflation hedge. JPMorgan: Higher money allocations to the commodities asset class “would imply another 30% to 40% upside for commodities from here. So far this year, commodities have rallied amid supply constraints, exacerbated by the Russian war in Ukraine. Commodities have room to soar by another 40 percent on top of the gains in recent months, as investors could pour more money into raw materials as a hedge against the highest inflation in 40 years, JPMorgan Chase & Co says. “In the current juncture, where the need for inflation hedges is more elevated, it is conceivable to see longer-term commodity allocations eventually rising above 1% of total financial assets globally, surpassing the previous highs,” JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note to clients this week, as carried by Bloomberg . Higher money allocations to the commodities asset class “would imply another […]