RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
Global Commodity Market Wrap-Up
Last week, metal prices maintained their upward momentum after a period of significant profit-taking. Gold demonstrated resilience, achieving a notable gain of 2.48%, while silver surged more prominently by 7.20%. Base metals followed this reversal trend, with copper rising by 3.42% and zinc by 2.10%. Lead, however, diverged slightly from this pattern with a minor increase of 0.15%. This contrasting movement, diverging from the previous week's rising prices, indicates a bullish momentum and underscores investor confidence and optimism in the metals market.
Last week, Natural Gas prices experienced a significant correction, marking a notable loss of -9.55% from their recent upward momentum. This correction signifies a substantial shift in market sentiment and possibly reflects adjustments in supply dynamics or seasonal factors affecting demand. In contrast, Crude Oil prices recorded a notable increase of 1.99%, signaling growing confidence in the market. Furthermore, US Sugar witnessed a minor loss of -0.84%, bolstering negative momentum in agricultural commodities.
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