2025 was a landmark year for precious metals, with gold and silver surging to new record highs of over $5,000 and $100 an ounce, respectively. In 2026 investor focus shifted to oil amid the Mideast conflict. Commodities can move independently of each other depending on the intervening micro or macro factors, and sometimes they may experience higher positive correlation, that is move in tandem. At this point, let’s examine the general behavior of commodities across the landscape from energy to metals to grains and beyond. Utilizing the Bloomberg Commodity Index (BCOM)1 and its five commodity sectors as a proxy, we ... (full story)