USA Commodity Market Update

Advisory Bazaar Info Services

COMEX Copper

August-delivery COMEX Copper gained 13.45 cents/lb, or 2.09%, this week to settle at $6.5705/lb, marking its strongest weekly gain since mid-June. Copper has now advanced for three consecutive weeks and in four of the past five weeks.

Despite a 1.74% decline today, copper remains 49.02% above its 52-week low of $4.409 recorded in August 2025. The metal is up 16.71% year-to-date (YTD) and remains close to its 2026 high.

COMEX Silver

August-delivery COMEX Silver surged $5.741/oz, or 9.97%, this week to settle at $63.332/oz, its strongest weekly gain since the week ended February 27, 2026.

Silver gained 3.08% today and has risen in six of the past eight sessions, reaching its highest settlement level since June 22, 2026.

Despite the recent recovery, silver remains 44.97% below its 52-week high of $115.08 recorded in January 2026. It is nearly 70% above its August 2025 low of $37.261, while its YTD performance remains down 9.70%.

COMEX Gold

August-delivery COMEX Gold climbed $291.60, or 7.20%, this week to settle at $4,340.70/oz, marking its strongest weekly gain since the week ended January 23, 2026.

Gold gained another $98.70, or 2.33%, today, reaching its highest settlement level since mid-June.

Gold remains 18.38% below its record high of $5,318.40 recorded in January 2026. However, prices are more than 31% above the August 2025 low of $3,313.40. Gold is up 26.22% year-on-year and 0.35% YTD.

NYMEX Crude Oil

September front-month NYMEX Crude Oil fell $6.49, or 7.67%, this week to settle at $78.18/bbl. Crude has declined for two consecutive weeks, losing $11.13, or 12.46%, during the period.

Today, crude gained 89 cents, or 1.15%.

The current price is 30.78% below the 52-week high of $112.95 recorded in April, but remains 41.45% above the December 2025 low of $55.27. Crude is up 36.15% YTD.

NYMEX Natural Gas

September-delivery NYMEX Natural Gas declined 8.50 cents, or 3.09%, this week to settle at $2.6620/MMBtu.

Natural gas has now fallen for seven consecutive weeks, declining a total of 57.10 cents, or 17.66%, over the period—the weakest seven-week performance since early 2023.

Despite a modest 0.83% gain today, natural gas remains 64.32% below its January 2026 52-week high of $7.46, while staying 5.51% above its April low of $2.523.

Market Summary

The U.S. commodity market witnessed significant volatility this week. Gold and Silver posted strong gains, supported by shifting macroeconomic and geopolitical expectations, while Copper maintained its bullish momentum.

In contrast, Crude Oil and Natural Gas remained under pressure, with supply-demand concerns and changing geopolitical conditions weighing on energy prices.

Overall, the week’s price action reflected a significant shift in market sentiment, with strong buying interest in precious metals and continued weakness across key energy commodities.