Explore the dynamic world of commodities, covering essential raw materials like energy (oil, gas), precious metals (gold, silver), industrial metals (copper),...
Commodities are basic raw materials or primary agricultural products that can be bought and sold, such as crude oil, gold, wheat, and natural gas. They are essential inputs for various industries and a vital component of global trade.
Commodity prices are primarily influenced by global supply and demand dynamics, geopolitical events, economic growth forecasts, currency fluctuations, and weather patterns that impact production or consumption.
Key categories include energy commodities (crude oil, natural gas), metals (gold, silver, copper, platinum), and agricultural commodities (grains, livestock, softs like coffee and sugar).
Commodities are fundamental building blocks for industry and daily life. Their prices significantly impact inflation, production costs, and the economic stability of nations, influencing everything from manufacturing to food prices.