Commodities Returns News Today

The U.S. also remains the world’s largest oil producer.

As we transition into the second half of 2023, it’s opportune to reflect on the performance of the commodities such as lithium and gold.

Gold, the other commodity to record positive returns, rose by 4.93% in H1 2023. Its value was underpinned by a stable U.S. dollar

Lithium increased by 10.81%, making it the best-performing commodity and one of only two that recorded a positive return, the other being gold.

Shares of global airline stocks advanced more than 12% last week, indicating that investors were unfazed by the service outage that temporarily grounded planes in the U.S.