Primary Commodities Report for September 9th – 13th
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.
From September 9th to September 13th, all four tracked commodities experienced notable price increases. Nickel (red) led the surge with a sharp rise, peaking at nearly 9.0% on Thursday before a slight dip on Friday. Despite this minor decline, Nickel closed the week up 7.9%, marking the largest increase among the commodities. Gold (yellow) also saw a significant gain, rising by 3.5% by the end of the week. Natural Gas (green) experienced a modest increase of 1.3%, while Brent Oil (black) posted a slight gain of 0.8%. It remains to be seen whether these upward trends will continue throughout September.
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.
As September progresses, several key trends have emerged among the four tracked commodities. Brent Oil remains near historic lows, with prices around $72 per barrel. In contrast, Gold has surged to record highs, nearing $2,600 per ounce this week. Natural Gas has maintained a relatively stable position, hovering around its three-month rolling average. Meanwhile, after a decrease throughout August, Nickel prices have rebounded in September and are now approaching its three-month rolling average.
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