Global Commodity Market Wrap-Up

Global commodity markets remained mixed last week, with gold declining 2.34% and silver falling 3.50%, while copper gained 0.79% and lead advanced 0.64%. Zinc declined 0.44% as precious and base metals responded to movements in Treasury yields, the U.S. dollar and Federal Reserve policy expectations. Market participants also assessed inflation trends and global economic conditions, keeping activity across precious and industrial metals varied. Changing interest-rate expectations remained an important influence on sentiment across the metals complex during the week globally.

Energy markets remained mixed, with Light Sweet Crude Oil declining 3.63%, while natural gas advanced 4.09%. Oil markets continued to monitor developments around the Middle East and the Strait of Hormuz, where uncertainty over shipping activity remained important for supply expectations. In agriculture, soybean gained 1.19%, corn advanced 0.14%, while US Sugar No. 11 increased 1.43%. Weather conditions, supply availability, export activity and global demand remained key factors influencing agricultural commodity prices during the week across major producing regions globally.

Past performance is not a reliable indicator of future performance.