Commodities news covering oil, metals, agricultural products, commodity prices, and futures market developments.
Spot gold prices slipped 0.25% to $4,287 an ounce as rising bond yields and investor rotation into the US dollar weighed on sentiment. Market focus remains on the Federal Reserve's decision later this week, which could trigger significant volatility in rate-sensitive assets amid Middle East tensions.
Crude oil prices settled near $100 a barrel on Monday as markets anticipate talks between Iran and Gulf states regarding the Strait of Hormuz. The International Energy Agency forecast global oil demand will fall by 2.5 million barrels a day in 2026.
Manav Modi argues that gold prices face bearish corrective pressures, trading below key moving averages. He identifies Rs 149,500–150,000 as critical support, suggesting a sustained break could expose lower levels, while recovery requires overcoming resistance near Rs 155,700.
This article reports that silver prices fell 1.42% to $63.26 per ounce on September 15, 2026, remaining significantly below its 52-week high. It notes a 49.87% year-over-year increase and attributes price drivers to inflation expectations and central bank policies.
Dutch TTF natural gas contracts traded slightly lower, down 0.3% to 82.265 euros per megawatt-hour. Prices remain well-supported due to ongoing tightness in the European energy market.
Copper futures stabilized around $14,000 per ton on Tuesday as new warehouse deliveries alleviated immediate supply concerns. This marks a pause in volatility following a recent rally to record highs driven by tariff-induced supply diversions to the United States.
MPR News reports that while Minnesota farmers benefit from recent corn and soybean price rallies, soaring diesel costs above $6 per gallon threaten profitability. University of Minnesota economists suggest that despite higher input expenses, current market conditions remain favorable for the average farmer compared to previous years.
UBS strategist Joni Teves anticipates gold prices will climb as investors look beyond Federal Reserve rate decisions. This outlook persists despite spot gold declining 0.3% to $4,332.84 on Monday following stronger-than-expected U.S. core inflation data that supports a September rate hike.
Costco is restricting member purchases of 1-ounce gold bars to four units per day due to surging demand. Prices for PAMP Suisse bars have risen 125% since late 2023, reaching $4,459.99. The restriction comes as central banks increase reserves and investor interest in precious metals grows.