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.