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The Periodic Table of Commodity Returns (2014-2023)

The Periodic Table of Commodity Returns (2014-2023)

It was a challenging year for commodity returns in 2023.

But there were a few exceptions. Gold was a standout performer, reaching record highs of $2,135 an ounce. As rate cuts began to look more likely in 2024, investors sought out the safe-haven asset and a weaker dollar also boosted demand for gold.

Copper, meanwhile, barely etched its way into the green, as China’s slumping property market weighed on demand.

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