Commodities Posted Weekly Gains as Cocoa Found Support After Recent Profit Booking
Jul 27, 2026
CCU6
Investment Type
Commodity
Risk Level
Action
Rec. Price (US$)
Global Commodity Market Wrap-Up
Global commodity markets traded higher last week, supported by gains across major metals. Gold advanced 1.30%, silver climbed 4.58%, copper rose 0.97%, lead added 0.47%, and zinc gained 2.05%. Market sentiment improved after the United States and Iran paused direct military strikes, easing immediate concerns over a broader Middle East conflict, though geopolitical risks and disruptions to key shipping routes remain under close watch. Investors are now focused on the upcoming U.S. Federal Reserve policy decision, second-quarter GDP data, and consumer confidence figures, which are expected to provide fresh clues on the interest rate outlook and global economic momentum.
Natural gas gained 0.42% last week, supported by expectations of tighter near-term supply despite mixed weather forecasts. Crude oil surged 9.21% during the week as geopolitical tensions in the Middle East and concerns over disruptions to shipping through the Strait of Hormuz lifted risk premiums. However, prices eased toward the weekend after the United States and Iran paused military strikes, improving hopes for diplomatic progress. Energy markets are now closely watching Middle East developments, global shipping activity, OPEC+ supply policy, and upcoming U.S. economic data for fresh direction.
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