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Gold's surge and sector-specific trends reshape the commodities market
- Financial Advice
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- 24.10.24
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Commodities saw a late-quarter boost as Chinese stimulus measures kicked in, supporting a rally in sectors like metals and softs. Gold hit a new all-time high, driving the Bloomberg Commodity Index (BCOM) higher, with historical trends suggesting that commodities often rise following gold surges. Meanwhile, coffee prices soared due to weather-related supply issues in Brazil and Vietnam. The performance dispersion across sectors remains significant, with energy lagging while industrial metals rebound strongly. Read the full article to explore how Chinese stimulus and gold's rise are shaping...