Primary Commodities Report for September 2nd – 6th
By: Gabriel Kukulka, The Quinnipiac University Economics Research Team
Commodities Index
Source: Yahoo Finance and own calculations. Rates are in United States dollars per one (1) unit of goods. Brent Crude Oil and Natural Gas are measured in barrels, Gold is per ounce, and the ETF is per share. They are all indexed to be at 100 at the start of the period.
During the week of September 2nd to September 6th, three of the four tracked commodities experienced significant price volatility. Natural Gas (green) was the only commodity to see an increase, surging by 7.0%. In contrast, Nickel (red) saw a sharp decline, dropping 6.95% by the end of the week. Brent Oil (black) followed a similar downward trend, plummeting 9.8%. Gold (yellow) remained relatively stable, with a minimal price decrease of just 0.01%.
Commodities Historical Trends
Source: Yahoo Finance and own calculations. Rates are in United States dollars per one (1) unit of goods. Brent Crude Oil and Natural Gas are measured in barrels, Gold is per ounce, and the ETF is per share. The center line is a rolling three-month average. The upper and lower boundaries are the average plus and average minus one standard deviation, respectively, for the same three-month period.
The first week of September has highlighted several noteworthy trends in the commodities market. Brent Oil has dropped to around $71 per barrel, its lowest point in three months. Meanwhile, Gold continues its steady climb, now priced at approximately $2,490 per ounce, following an upward trend that began in early summer. Natural Gas remains just below its three-month rolling average, making it the most stable commodity at present. Conversely, Nickel lingers below the lower boundary of its three-month average, positioning it as a commodity worth monitoring closely.
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