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Cocoa prices have surged to over $12,000 per tonne, marking a dramatic increase of over 90% since late October. This rise follows a previous spike of 180% earlier in the year, driven by concerns over stock replenishment due to adverse weather conditions in Côte d'Ivoire and Ghana. The situation is exacerbated by the Harmattan, a hot, dry wind affecting the region.
IG
Cocoa prices have reached new highs, reflecting strong market demand and supply dynamics. Meanwhile, UBS maintains a bullish outlook on gold, indicating confidence in its value amidst ongoing economic uncertainties.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outperforming the S&P 500. Central banks are expected to continue strong buying, with purchases projected at 900 metric tons or more in 2025, amid geopolitical risks and a weakening US dollar enhancing gold's appeal as a safe-haven asset.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower interest rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outpacing the S&P 500. Central banks are expected to purchase over 900 metric tons in 2025, while geopolitical risks and a weaker dollar are likely to boost gold's appeal as a safe-haven asset.
Commodities play a crucial role in the global economy, categorized into hard commodities like oil and gold, and soft commodities such as wheat and livestock. Investors can gain exposure through direct trading, spread betting, CFDs, or by using Exchange Traded Commodities (ETCs) and Exchange Traded Funds (ETFs), which track commodity performance without direct ownership. While ETCs focus on individual commodities and may carry counterparty risks, ETFs offer diversification and liquidity, often tracking futures contracts rather than physical assets.
IG
Charles Hoskinson, founder of Cardano, has proposed a major developer conference for 2025, aiming to showcase the Cardano ecosystem and foster collaboration among developers. He has suggested a million-dollar grant for attendees' travel expenses and is seeking venue recommendations, while also distinguishing this event from upcoming "builder fests" in Vietnam and Argentina. Despite recent price corrections, analysts remain optimistic about ADA's potential, with projections suggesting a move towards a price supercycle.
Ghana's electoral commission has declared ex-President John Dramani Mahama the winner of the presidential election, securing 56.55% of the vote. His main rival, Vice President Mahamudu Bawumia, conceded defeat, acknowledging the need for change amid a severe economic crisis. Mahama, who previously served from 2012 to 2016, promises governance reforms and a $10 billion investment in infrastructure to address the country's challenges.
Cocoa futures surged to a seven-month high, reaching $10,380 a ton, driven by deteriorating production prospects in West Africa, particularly in Ivory Coast and Ghana. This increase comes amid historically low inventories, raising concerns over global supply shortages.
Ghana's opposition leader, John Mahama, is set to win the presidential elections, with 51.2% of the votes reported, as the ruling New Patriotic Party's candidate, Mahamudu Bawumia, concedes defeat. Voters expressed dissatisfaction with the government's handling of a severe debt crisis and soaring inflation. Mahama has promised to create jobs, reduce taxes, and improve the business environment in the country.
Ghana is set to hold presidential and parliamentary elections amid hopes for economic recovery following a severe financial crisis. Vice President Mahamudu Bawumia of the ruling New Patriotic Party faces off against former President John Dramani Mahama, with polls indicating a potential comeback for Mahama. Approximately 18.7 million voters are registered, and results are expected soon after the polls close.

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