Commodity markets experienced mixed trends last week, with US President Donald Trump’s escalating tariff measures driving inflation concerns and adding volatility. Investors are closely monitoring upcoming economic data, particularly inflation figures and Federal Reserve Chair Jerome Powell’s response to Trump’s trade strategies.
Tensions with China remain high, raising fears of supply disruptions, while a proposed trade deal with Ukraine over rare earth minerals adds further geopolitical complexity.
Gold reached a record $2,886.65 per ounce amid inflation fears, while industrial metals like copper and nickel surged on supply concerns. Oil prices fell 2.3% after China imposed tariffs on US crude, but natural gas spiked 8.8% due to supply constraints.
Agricultural markets saw gains in wheat and soybeans, while coffee prices soared 7% due to extreme weather in Brazil. The USDA’s suspension of some farmer funding added uncertainty to the sector, as global food prices continued to decline.
Trump’s aggressive trade policies are reshaping global markets, with analysts warning of further volatility. While OPEC+ maintains its production increase plan, the energy sector faces challenges, and Trump’s tariff threats continue to impact commodities across multiple industries.
