RY 172.65 -0.9807% SHOP 151.83 -2.6918% TD 76.165 -0.3337% ENB 59.87 -0.7131% BN 81.1 -1.6135% TRI 230.56 -1.3563% CNQ 43.29 -0.437% CP 103.31 -1.2144% CNR 145.23 -1.2175% BMO 138.79 -0.8218% BNS 76.98 -0.6966% CSU 4427.4399 -2.366% CM 90.43 -0.2427% MFC 43.7 -1.3321% ATD 78.92 -1.5223% NGT 53.31 -2.2731% TRP 66.37 -0.5544% SU 50.56 -0.5899% WCN 246.23 -0.336% L 188.51 -1.376%
Global Commodity Market Wrap-Up
Last week, the metals market recovered from recent lows, with both precious and base metals bouncing back after declines. Gold surged by 5.35% after hitting recent lows, while silver saw a modest rise of 2.98%. Base metals also experienced slight gains, with copper slipping 0.48%, lead rising robustly by 4.17%, and zinc seeing a small uptick of 0.29%. This shift from the previous week’s relative stability reflects a change in market sentiment, as evolving investor outlooks and varying demand dynamics impact different metal sectors.
Last week, natural gas prices rose by 6.17%, fueled by supply constraints and increased seasonal demand. Crude oil prices climbed by 6.46%, supported by persistent market uncertainty and changing investor sentiment. In the agricultural sector, U.S. sugar prices bucked the broader downward trend, falling by 1.10%, while other agricultural commodities showed mixed performance. This divergence between the energy and agricultural markets reflects varying supply and demand pressures, with investors adjusting to shifting global conditions and economic uncertainty, signalling a dynamic and cautious market outlook.
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