Global Commodity Technical Analysis Report

Commodities Show Mixed Performance Last Week as Zinc Above 21-Day SMA

May 25, 2026

| Read Time :10 Mins

CMZNN26
Investment Type

Commodity
Risk Level
Action
Rec. Price (US$)

Global Commodity Market Wrap-Up

Global commodity markets ended the week on a mixed note as optimism grew around a potential peace agreement between the U.S. and Iran. A relatively firm U.S. dollar continued to shape commodity price movements across sectors. Precious metals remained under pressure, with gold declining 0.85% and silver falling 1.74% as investor sentiment shifted amid easing geopolitical concerns. In the base metals segment, copper slipped 0.18% and lead edged down 0.01%, while zinc gained 2.94%, reflecting selective strength in industrial demand expectations.

Natural gas declined 3.30% during the week as comfortable inventory levels and moderate demand expectations continued to pressure prices following recent volatility. Crude oil also slipped 4.38%, on optimism that the U.S. and Iran were moving closer towards a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz that continued to restrict oil supply ⁠from the Middle East. In the agricultural segment, U.S. sugar eased 0.68% amid balanced supply-demand conditions. Overall market sentiment remained cautious as investors monitored geopolitical developments, energy supply risks, and broader global demand trends.

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