Chinese ‘Year of the Dragon’ may breathe fire back into commodity markets: Commodity outlook

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Publication date: 18 March 2024

Published by: WisdomTree

Commodities had been under pressure in the past year, but we believe there are several reasons to be cautiously optimistic about the asset class in 2024 – the Chinese ‘Year of the Dragon’.

The key drivers of negative commodity performance in the past year were:

  • Rising interest rates in many developed countries

  • China’s economy stalling under the pressure of a real estate blow up

  • Sentiment around the energy transition losing momentum

We believe all three will reverse course this year.

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Historical performance is not an indication of future results and any investments may go down in value.

 

Article originally published by WisdomTree. FE fundinfo is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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