Ranked: The Performance of Key Commodities Since 2019

What we’re showing

This graphic ranks key commodities by their annual performance since 2019. Data was accessed via PinPoint Macro Analytics.

Surging java prices ☕

Similar to other agricultural commodities, coffee bean prices have seen huge swings in recent years. This is often due to climate challenges in leading export countries such as Brazil and Vietnam. 

Brazil, which grows arabica beans, suffered a severe drought in 2024 which amplified fires, interrupted hydro power, and parched crops. 

Gold on the rise 🥇

Gold prices have also been climbing in recent years, due to several factors:

• High demand from central banks: Central banks (emphasis on China’s) have been building their gold reserves to diversify away from the U.S. dollar
• Geopolitical tensions: Global conflicts and trade wars are making safe-haven assets like gold more attractive
• Inflation concerns: Gold is also viewed as a hedge against inflation, further bolstering demand