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 Best Time to Buy Gold & Silver in 2024 READ MORE China's Commodity Hoarding: Implications for Global Markets and Security READ MORE Summer Demand Boost and OPEC+ Cuts Drive Oil Prices Higher READ MORE Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign READ MORE Yuan Undercuts Dollar: A Shift in Global Currency Dynamics READ MORE Add a Comment Cancel replyYour email address will not be published.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