Commodity markets presented a mixed picture as trading activity remained light. Several factors contributed to the subdued trading environment, including a lack of major economic data releases and cautious sentiment among investors.

Energy Sector

Crude oil prices saw modest gains, supported by ongoing supply concerns and geopolitical tensions. Natural gas prices, however, experienced downward pressure due to milder weather forecasts in key consuming regions.

Metals

Precious metals exhibited mixed performance. Gold prices edged higher as investors sought safe-haven assets amid global economic uncertainty. Industrial metals, such as copper and aluminum, faced headwinds due to concerns about slowing economic growth in major economies.

Agricultural Commodities

Agricultural commodities also displayed a mixed trend. Wheat and corn prices were supported by concerns about adverse weather conditions in key growing regions. Soybean prices, however, faced downward pressure due to ample supplies.

Market Outlook

Analysts anticipate that commodity prices will continue to be influenced by a range of factors, including global economic growth, supply-demand dynamics, and geopolitical developments. Market participants are advised to closely monitor these factors to make informed trading decisions.