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.
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Analyst Views on NBCM
Wall Street analysts forecast NBCM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NBCM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 24.235
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Current: 24.235
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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.
