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
