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Commodities weekly: Middle East tensions lift crude and precious metals
Commodity markets delivered another week of relative resilience, with the Bloomberg Commodity Index rising around 1.7% as geopolitical tensions, supply concerns and resilient demand offset Lunar New Year softness across industrial metals. Overall, the index, which tracks the performance of 25 major commodity futures trades up 9% year-to-date and 15% in the last twelve months. Energy and distillates led gains amid rising Middle East risk premiums, while wheat advanced on weather threats and Black Sea uncertainty. Precious metals consolidated within established ranges, and soft commodities were dragged sharply lower by ... (full story)
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From cnbc.com | Feb 24, 2026
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