What is the best performing commodity today
11/18/2024 08:47pm
The best performing commodity today, based on the percentage change in their stock prices, is gold, which has seen a significant increase of 1.21% to $2,592.27.
This rise in gold prices can be attributed to several factors, including the recent selloff in other market sectors, the long-term vulnerability of these sectors, and the expectation of renewed safe-haven buying interest in gold as a hedge against these markets. Additionally, the CFTC Commitments of Traders report indicates a decrease in the noncommercial net-long futures position in gold, suggesting a potential shift towards renewed buying interest in the commodity.