Inflation is on the rise again, at 4% last week, in Australia- &...

Inflation is on the rise again, at 4% last week, in Australia- & many experts are predicting there is a real possibility the Reserve Bank will raise interest rates (The previous consensus was that rates had peaked, & would probably slowly decline).
Historically, commodity prices usually benefit from rising interest rates-they are regarded as a hedge against inflation.

Wealth Within Chief Analyst D. Gilham has, 28.6.24, therefore specifically recommended STO, & gas & oil stocks, as a possible beneficiary when he said

"Recently, Australians received unwelcome news: the Reserve Bank of Australia (RBA) announced that inflation is rising again... next months RBA meeting whether a rate hike is possible. This situation has many pondering how to mitigate the pressure, leading to the question: Is it time to consider commodity-related stocks?...

Historically, commodities such as gold, oil, and natural gas have been effective hedges against inflation...

Santos Limited (STO), an oil and gas producer with nearly 40 years of trading history on the ASX, offers an intriguing opportunity despite its share price remaining around $7 for the past two years. The extended sideways movement at $7 suggests a potential strong breakout is on the horizon. As such, I would encourage you to watch this stock closely for a decisive move above $9, which could signal the beginning of the next bullish phase".

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom | 2024-06-28 | HotCopper