Author

Jeff Klearman

Jeff Klearman

Jeff Klearman is a Portfolio Manager for GraniteShares. He has more than 20 years of experience in the finance industry, including senior roles at Deutsche Bank and Rich Investment Solutions.

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Commodities and Precious Metals Update (Week ending June 21)

Despite ECB statements indicating more stimulus would be needed and greatly increased tensions between the U.S. and Iran precipitated by Iran’s shooting down of a U.S. drone on Thursday, the U.S. dollar sharply weakened following U.S. Federal Reserve Bank Chairman Jerome Powell’s comments – at the end of the 2-day FOMC meeting – that the Fed would act as needed to sustain economic growth.