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Although gold saw a good run in stock markets around the world, it wasn't the only commodity that performed well.
Let's take a look at how some of the major commodities performed in 2012, according to Oppenheimer.
Source: Business Insider
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Soybean
Performance in 2012: 18.38 per cent up
Overall rank: 1
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Natural gas
Performance in 2012: 12.11 per cent up
Overall rank: 2
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Silver
Performance in 2012: 8.24 per cent up
Overall rank: 3
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Corn
Performance in 2012: 8.00 per cent up
Overall rank: 4
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Gold
Performance in 2012: 6.96 per cent up
Overall rank: 5
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Cocoa
Performance in 2012: 6.02 per cent up
Overall rank: 6
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Wheat
Performance in 2012: 5.99 per cent up
Overall rank: 7
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Live cattle
Performance in 2012: 5.70 per cent up
Overall rank: 8
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Petrol
Performance in 2012: 4.68 per cent up
Overall rank: 9
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Copper
Performance in 2012: 4.36 per cent up
Overall rank: 10
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Heating oil
Performance in 2012: 3.75 per cent up
Overall rank: 11
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Aluminium
Performance in 2012: 2.62 per cent up
Overall rank: 12
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Lean hogs
Performance in 2012: 1.69 per cent up
Overall rank: 13
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WTI Crude
Performance in 2012: 7.09 per cent down
Overall rank: 14
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Nickel
Performance in 2012: 8.82 per cent down
Overall rank: 15
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Sugar
Performance in 2012: 16.27 per cent down
Overall rank: 16
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Cotton
Performance in 2012: 18.15 per cent down
Overall rank: 17
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Orange juice
Performance in 2012: 29.12 per cent down
Overall rank: 18
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Coffee
Performance in 2012: 36.62 per cent down
Overall rank: 19