The past week has been a good one for commodity prices, with most recording at least a small increase. Adverse growing conditions boosted the prices of coffee and wheat, while silver again outperformed gold. However, over-supply and high stocks weighed on the prices of several industrial metals. Commodities in general also ended the week on the defensive, pressured by renewed dollar strength after US CPI data showed the three-month annualised rate of core inflation rising to a four-year high of 2.6%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services