The yellow metal was a clear winner, given its safe haven status and heightened risk aversion of global market players.
As the risk of a European debt crisis continues to loom over the global economy, gold and the US dollar can turn into the investment of choice.
Silver is used as a commodity but is also treated as money, competing with fiat currencies. This dual status of the white metal can help it rally in times of crisis and follow gold.
Let us look at the individual commodities to see what they look like for the coming year.
Image: Gold bars and jewellery seen in a shop in Bangkok's Chinatown in this file photo.
Text: George Albert, Business Standard