Cameco Stock Rebounds Along With Uranium

This article was written exclusively for Investing.com. Uranium is an energy commodity with lots of applications

The price moved higher over the past weeks

Cameco rebounded with the commodity

A highly speculative stock and metal Levels to watch in CCJ The commodity asset class has been nothing more than a bullish relay race since mid-2020. After reaching lows as pandemic-related selling gripped markets across all asset classes over the early months of 2020, commodities took off on the upside.The first market to reach an all-time high was gold , as the yellow metal reached a record $2063 per ounce in August 2020. While gold corrected, other raw materials took the bullish baton. Grains rose to over eight-year highs in 2021. In May 2021, lumber , copper , and palladium reached record levels. In July and August, soft commodities exploded higher, with coffee , sugar and even frozen concentrated orange […]

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