Most investors have been focused on oil prices and geopolitical headlines, but some of the most important commodity trends have been developing beneath the surface. In this week’s Money with Murphy, an excerpt from our recent webinar between Kara Murphy and commodities expert, Kathy Kriskey, on why and how China helped to prevent a major oil shock during the Iran conflict. They drill down on how military rearmament and AI infrastructure are creating powerful new demand for industrial metals, and why central bank buying—not inflation—has become the key driver of gold.

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