Gold Shines Amid Tough Year for Commodity Returns in 2023 The year 2023 proved difficult for commodities, with most experiencing lackluster returns. However, gold emerged as a notable exception, reaching an all-time high of $2,135 an ounce. This surge in gold prices was largely driven by increasing investor interest in safe-haven assets, spurred by the growing likelihood of rate cuts in 2024 and a weakening dollar. Copper, on the other hand, showed marginal gains, its performance dampened by a declining property market in China. VisualCapitalist put together a great graphic, based on U.S. Global Investors interactive research, that shows commodity returns over the last decade. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Truth About Gold Jewelry READ MORE New York Community Bancorp Stock Halted After Big Plunge READ MORE BullionStar: Buy and Store Gold & Silver Bullion Bars & Coins in the United States READ MORE South African Platinum Industry Could Face 'Irreversible Decline' READ MORE German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment