RY 174.21 0.4845% TD 77.21 -0.3099% SHOP 113.1 0.5155% CNR 157.51 -1.1299% ENB 57.59 0.1565% CP 112.08 -0.5678% BMO 129.49 0.3332% TRI 232.87 0.7921% CNQ 49.045 1.1654% BN 76.23 1.3023% ATD 73.74 -0.6066% CSU 4426.6099 0.3812% BNS 73.69 -0.1896% CM 86.29 0.4657% SU 53.56 0.7714% TRP 65.64 0.845% NGT 78.23 1.1246% WCN 250.66 0.2239% MFC 42.08 -0.1898% BCE 46.14 0.2172%
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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