The rise of coffee and gold prices: A blessing and a curse for Colombia
Briefly

from english.elpais.com3 months ago
Coffee's recent price surge is unprecedented, reaching over $3 per pound on the NYSE, sparking fears in Colombia about the sustainability of this economic cycle.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-27/the-rise-of-coffee-and-gold-prices-a-blessing-and-a-curse-for-colombia.html
Colombia's economy, reliant on commodity exports, faces challenges as the long-standing debate about dependency on volatile markets resurfaces amid coffee and gold price fluctuations.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-27/the-rise-of-coffee-and-gold-prices-a-blessing-and-a-curse-for-colombia.html
President Petro's industrial revival policy has seen little tangible progress, raising concerns about economic stability even as oil prices briefly provided financial but temporary relief.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-27/the-rise-of-coffee-and-gold-prices-a-blessing-and-a-curse-for-colombia.html
The rising gold prices reflect a global capital movement towards safe investments due to geopolitical instability and uncertainty in U.S. economic conditions, according to economist Adrian Garlati.
english.elpais.comhttps://english.elpais.com/economy-and-business/2024-11-27/the-rise-of-coffee-and-gold-prices-a-blessing-and-a-curse-for-colombia.html
Read at english.elpais.com
#coffee-prices #colombian-economy #commodity-markets #geopolitical-instability #industrial-sector-revival
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