Mar 29, 2026

Commodity Watch — 2026-03-29

Commodity markets remain gripped by the aftermath of the US-Iran conflict, with Brent crude holding above $105/barrel and gold experiencing historic volatility after last week's sharp 10%+ weekly plunge. The World Bank's latest Commodity Markets Outlook projects a 7% decline in global commodity prices for 2026 — the fourth consecutive year of decline — creating a striking divergence from war-driven energy price spikes. Elevated inflation expectations, hawkish Fed signals, and Middle East supply disruption continue to be the dominant market drivers.

5 min read/15 sources

Mar 28, 2026

Commodity Watch — 2026-03-28

Gold is staging a cautious recovery following its sharp crash amid the U.S.-Iran war, with analysts eyeing key technical levels and MCX support around ₹85,000–₹87,000 as ceasefire diplomacy remains fragile. Oil markets remain elevated above $100/bbl on Brent after Iran rejected direct U.S. talks and Strait of Hormuz fears persist, even as the World Bank warns of potential six-year commodity price lows ahead. Agriculture markets are in a holding pattern ahead of USDA's critical Prospective Plantings report due March 31, while wheat futures find mild support from deteriorating Plains crop ratings.

5 min read/15 sources

Mar 27, 2026

Commodity Watch — 2026-03-27

Oil markets remain elevated as Iran's rejection of U.S. peace talks and continued Strait of Hormuz tensions keep Brent crude above $108 and WTI near $94. Gold pulled back Thursday as a firmer dollar and reassessed ceasefire prospects reversed the prior session's gains. Fertilizer prices surged 6.5% even as broader commodities cooled, creating a notable divergence across the agricultural complex.

7 min read/15 sources

Mar 26, 2026

Commodity Watch — 2026-03-26

Oil markets whipsawed this week as conflicting signals on U.S.-Iran peace talks sent Brent crude tumbling nearly 6% below $100, while natural gas staged a late recovery on concerns about Strait of Hormuz supply disruptions. Gold rebounded nearly 2% after a nine-session losing streak, as the Middle East conflict's uncertainty renewed safe-haven demand. Agricultural commodities face a new structural threat as the Iran war disrupts fertilizer supply chains, redrawing global breadbasket dynamics.

8 min read/15 sources

Mar 25, 2026

Commodity Watch — 2026-03-25

Gold continued its volatile descent, falling to $4,384/oz on March 24 as ongoing geopolitical turbulence from the Iran war fueled whipsawing price action in precious metals. Oil markets remained in focus after the World Bank forecast commodity prices heading toward six-year lows amid a global supply glut, while grain futures looked to crude oil for directional cues heading into a pivotal USDA acreage report week.

6 min read/15 sources

Mar 24, 2026

Commodity Watch — 2026-03-24

Oil markets whipsawed violently on Monday as news of potential U.S.–Iran negotiations sent crude futures plunging nearly 15% intraday before a partial recovery trimmed losses to around 11%, marking one of the most turbulent single-session swings in recent memory. Gold extended its losing streak to nine consecutive sessions, sliding to a four-month low as inflation fears and rising rate expectations dimmed the metal's safe-haven appeal — though prices trimmed losses after Trump postponed airstrikes on Iranian infrastructure. Natural gas capped its biggest single-day decline in over a month, weighed down by a warm weather outlook and the financial fallout from collapsing oil prices.

7 min read/15 sources

Mar 23, 2026

Commodity Watch — 2026-03-23

Commodity markets remain in turbulent territory as the ongoing Iran war continues to distort energy, metals, and agricultural prices globally. Oil is heading for a fifth straight weekly gain with Brent crude near $109, while copper and gold face broad selling pressure due to inflation and growth concerns tied to elevated energy costs. Coffee prices are among the standout movers in softs, surging to multi-week highs as Strait of Hormuz disruptions ripple through supply chains.

7 min read/15 sources

Mar 22, 2026

Commodity Watch — 2026-03-22

Gold suffered its worst weekly rout since 2011, plunging nearly 10% amid a broad sell-off that tested the pivotal $4,500/oz level, while silver lost roughly 16% in March as a strong dollar and hawkish Fed outlook weighed on precious metals. Meanwhile, an oil shock is fueling inflation risks across commodity markets, with geopolitical tensions from the US-Iran conflict creating extreme volatility across energy, metals, and agricultural sectors.

7 min read/15 sources

Commodity Watch

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