What to expect from gold, oil and other commodities in the second half of 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
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Source: MarketWatch
- Commodities Rally: Commodities have recovered most of their 2023 losses in the first half of this year, driven by strong gold purchases by central banks.
- Cocoa Price Surge: Cocoa prices more than doubled due to weather-related supply issues, leading the market's gains.
- Overall Market Performance: Energy and precious metals also saw significant price increases, contributing to the overall rally in commodities.
- Potential for Extension: Analysts believe that the rally in commodities may continue into the second half of the year.
- Subscription Requirement: The full content requires a subscription or signing in to access.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
What to expect from gold, oil and other commodities in the second half of 2024
- Commodities Rally: Commodities have recovered most of their 2023 losses in the first half of this year, driven by strong gold purchases by central banks.
- Cocoa Price Surge: Cocoa prices more than doubled due to weather-related supply issues, leading the market's gains.
- Overall Market Performance: Energy and precious metals also saw significant price increases, contributing to the overall rally in commodities.
- Potential for Extension: Analysts believe that the rally in commodities may continue into the second half of the year.
- Subscription Requirement: The full content requires a subscription or signing in to access.
See More
What to expect from gold, oil and other commodities in the second half of 2024
- Commodities Rally: Commodities have recovered most of their 2023 losses in the first half of this year, driven by strong gold purchases by central banks.
- Cocoa Price Surge: Cocoa prices more than doubled due to weather-related supply issues, leading the market's gains.
- Overall Market Performance: Energy and precious metals also saw significant price increases, contributing to the overall rally in commodities.
- Potential for Extension: Analysts believe that the rally in commodities may continue into the second half of the year.
- Subscription Requirement: The full content requires a subscription or signing in to access.
See More
