Commodities

Global Stocks Dip as Oil Jumps

The global economy continued to give mixed signals as it battled with the fallout from Russia’s invasion of Ukraine and lingering high inflation. US stocks slipped Monday just as shares dropped in China, Hong Kong and South Korea. The S&...

War in Ukraine Threatens Global Food Crisis

Global wheat prices hit an all-time high last week. Wheat supplies from Russia and Ukraine, which together account for almost 30% of global wheat trade, are starting to dwindle. Another major looming problem is access to fertilizers. Global fertil...

Gold Price Swings as Investors Seek Safe Haven

Gold continues to play a key role in the global economy, first in the fight against inflation and now in Russia’s invasion of Ukraine. The metal fell by the biggest margin in seven months amid a large selloff in commodities after a top Ukrai...

Stocks Fall After the US and Allies Consider Banning Russian Oil

Stocks around the world tumbled as the US and its allies mulled over banning Russian oil, a last-ditch move that could have devastating effects on the global economy. Oil prices soared to their highest level in 13 years, prompting widespread fears...

Copper Prices Rise as Inflation Fears Mount

The price of London copper rose on Monday as investors continued to look for a hedge against inflation, which shows no sign of cooling down. The three-month copper price on the London Metal Exchange (LME) climbed 0.4% to $9,899.5 a ton. According...

Strong Dollar Pushes Gold Towards Six-Month Lows

The price of gold tumbled for a fourth consecutive session on Monday, pushing the precious metal toward its biggest monthly fall in nearly six months. The drop was fueled by a strengthening US Dollar that continued to rise on the back of important...

Oil Prices Remain High on Supply Concerns

Responding to lingering concerns over supply, oil prices responded to strong short-term demand by trading at highs last seen in 2014. After last week’s trading, Brent crude futures reached $89.17 a barrel, its highest level since October 201...

Copper Prices Weak on Dollar Strength

Copper prices climbed at the end of the week’s trading, in keeping with a bounce from global equities. However, the commodity was still on a downward trend overall. The US Dollar’s rising strength, plus the growing anticipation of a pr...

Oil Price Consolidates Despite Lingering Omicron Fears

Oil prices rallied on Wednesday as investors monitored the rising number of cases of the Omicron COVID-19 variant. Although there is mounting evidence that Omicron produces milder symptoms, it is still highly transmissible. Spiraling case numbers in...

Climate Pledges Affecting Iron Ore Prices in China

China’s efforts to reduce its climate footprint resulted in a 12% drop in Asian Benchmark iron ore prices on the Dalian Commodity Exchange for 2021. Full-year iron ore futures prices declined for the first time in three years, after prices r...