In 2023, hot commodities to watch are gold, crude oil, aluminium, copper, lithium and cobalt, natural gas and cotton. These commodities are experiencing high demand due to various macroeconomic factors such as the Russian invasion of Ukraine, the post-pandemic slowdown and China’s zero-covid policy. Additionally, commodities offer investors the opportunity to spread their risk portfolio and have historically outperformed stocks and bonds in times of market volatility. Investors should conduct their own research before investing in commodities.