Global Commodity Market Wrap-Up

Global metals markets recorded mixed performance during the week. Gold gained 4.51%, while silver advanced 5.41%, supported by easing oil prices and reduced inflation concerns following signs of de-escalation in Middle East tensions. However, stronger-than-expected US Nonfarm Payrolls data strengthened the US dollar and Treasury yields, increasing expectations of a December Federal Reserve rate hike and limiting further gains. Copper, lead and zinc declined 2.78%, 1.65% and 3.58%, respectively, amid industrial demand concerns and uncertainty surrounding global economic growth.

Energy and agricultural commodities recorded mixed performance during the week. Light Sweet Crude Oil declined 12.53%, while natural gas gained 2.46%. Crude oil prices remained under pressure amid easing US-Iran tensions and expectations of diplomatic progress, although shipping security concerns around the Strait of Hormuz continued to pose supply risks. In agricultural markets, soybean, corn and US Sugar No. 11 fell 3.28%, 1.40% and 4.79%, respectively. Weather conditions, global crop supplies, harvest progress and export demand will remain key market drivers.

Past performance is not a reliable indicator of future performance.