35 minutes ago
Real estate sector outperforms even on tepid day
The S&P 500 ended Monday down slightly by 0.04%, but the real estate sector outperformed.
Apartment real estate investment trusts were the best performers in the sector, with Camden Property Trust up 5.7%. The stock marked its best trading since November 2022.
1 hour ago
Gold futures extend 2024 rally to 13.5%, near intraday record of $2,372.50 per ounce
June gold futures hit an intraday high of $2,372.50 per ounce and closed at a new record of $2,351.00, the 15th closing price of the year.
Gold also extended its year-to-date gain to 13.5%, but it’s important to remember that the gold bug peaked at $3,460.77 in January 1980, when Jimmy Carter was president, on an inflation-adjusted basis. There is.
Silver futures are up 15.5% year to date in 2024, and copper futures are up 9.9%. Aluminum is only 3% ahead in 2024, but still hit its highest price since February 2023 on Monday. Similarly, tin rose to its highest price since January 2023 on Monday, but jumped 18% in 2024.
All these moves pale in comparison to the rocket ship known as Cocoa, which hit an all-time high of $10,443 per tonne on Monday and is on track to rise 131.5% in 2024.
See chart…
Cocoa futures for July 2024.
— Scott Schnipper, Gina Francola
1 hour ago
