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Commodities a better bet than bonds -strategist

STORY: Gold prices were on track for their second straight weekly gain on Friday as demand strengthened amid expectations around interest rates from the U.S. Federal Reserve, while palladium jumped more than 8%.

Hainlin said he likes exposure "across the broad commodity landscape," including "precious metals, industrial metals, gold, agriculture, just the full complex."

"We think it's a fairly sensitive part of the market to inflation expectations," he added. "And they remain a little bit elevated, so we think we get a benefit there."