Year to date, the commodities market has seen some standout performance, says Yeap Jun Rong, market strategist at online trading provider IG.
Cocoa prices have surged by 180% till date, while precious metals like gold and silver have gained over 20%, he adds. “The rally in precious metals has been fuelled by persistent geopolitical uncertainties, including conflicts in Eastern Europe, the Middle East and US-China trade relations, which have supported safe haven flows.”
