The commodity markets have been forced to find directions with the pressure of strong dollars and uncertainty monetary policies, although the trade relations are soothed between the US and China. Gold has experienced the most difficult week of six months in the past six months.
Although the commodity markets have suffered a temporary relief with customs discounts between the US and China for 90 days, the uncertainty in global monetary policies and the influence of the dollar index has been strengthened.
With the effects of these developments, many valuable metals, especially gold, have closed during the week with depreciation.
Jerome Powell, President of the United States Bank (Fed), warned that monetary policy strategy will be considered and can undergo more permanent providing shocks, while investors start the first interest rate reduction price of the Fed in September. This weakens gold demand without profits.
The price of ounce gold, the demand for blood pressure decrease between the US-China, the demand for safe wharf demand and the effects of dollars have been increased to reduced to $ 3,000 200, since November 11, 2024 has implemented the worst week efficiency.
2.7 percent under week, 0.8 percent in platinum, 1.6 percent in Paladi and 1.4 percent of silver were lost.
Copper reduction, aluminum increase
On the basic metal side, the table is mixed. Although the temporary investment of trade wars supports global growth expectations, especially Trump's important tariff threats and high levels have prevented prices. Bronze stocks have increased by 81 % since the new year on Chicago commodity trading floor, causing prices to decrease. Leading on a weekly basis, 1.3 percent zinc and aluminum increased by 2.4 percent, while the depreciation of 1.3 % and nickel to 1.6 %.
Rose oil, natural gas fell strongly
Oil price has closed the second week with the increase of trade tensions and hope globally growth. Oil and gas brent increased by 1.8 %, while natural gas fell by 12.4 % and underwent the most difficult loss of the week.
Wheat has appeared in agricultural items
Agricultural goods followed by the balance of supply and export news. The decision of Egypt and Russia on the establishment of a mixed committee of wheat trade has attracted attention about the balance in the Black Sea. Wheat based on weekly 0.6 percent, rice increased by 0.8 percent, while soybeans 0.1 %, maize 1.5 percent decreased.
The recorder has been imported
In cocoa, reducing production, drought and logistics problems have thrown prices. Cococon price per ton was completed in the week with an increase of 18.9 percent, coffee decreased by 5.7 %, 2.2 %cotton and sugar decreased by 1.2 %.