Global Commodity Market Wrap-Up

The metals market showed signs of cooling last week as fading momentum and renewed geopolitical tensions prompted cautious investor behavior. Profit-taking emerged in precious metals, with gold declining 2.90%, while silver posted a marginal gain of 0.06%. In the industrial metals segment, copper advanced 2.55%, zinc surged 5.88%, and lead climbed 2.69%, highlighting a mixed sentiment. The divergence reflects a shift in investor positioning balancing risk aversion with selective buying in cyclical assets. With central bank policy decisions on the horizon and persistent global economic uncertainty, markets are expected to remain volatile in the near term.

Natural gas prices fell 5.32% last week, pressured by supply concerns despite easing seasonal demand. Crude oil declined sharply by 11.27%, reversing its recent rally as easing Middle East tensions and rising inventory levels dampened the outlook. In contrast, U.S. sugar prices edged up 0.84%, defying broader weakness in agricultural commodities. These contrasting movements reflect ongoing supply-demand imbalances and the commodities market’s heightened sensitivity to geopolitical developments and economic indicators, keeping volatility elevated across both energy and agricultural segments. Market participants remain watchful of evolving global conditions and policy cues that may influence future price trends.