LONDON -- This week has seen the FTSE 100 edge lower as evidence of weak economic growth in Europe and Asia continues to dominate the news. This has led most major commodity prices to weaken through the week, with precious metals falling particularly badly, while U.S. oil prices in particular benefited from fears over the effects of sanctions on Iran, leaving WTI crude to end the week up slightly.
Here are the latest prices, with this week's change in brackets:
Commodity |
Price |
Price Change |
Price Change % |
---|---|---|---|
Brent Crude |
$99.10/barrel |
($0.90) |
(0.9%) |
WTI crude |
$86.50/barrel |
$1.70 |
2% |
Natural gas |
$2.88/MMBtu |
$0.09 |
0.6% |
Gold |
$1,576.50/troy ounce |
($37) |
(2.3%) |
Silver |
$26.69/troy ounce |
($1.42) |
(5.1%) |
Platinum |
$1,404/troy ounce |
($81) |
(5.5%) |
Palladium |
$570/troy ounce |
($31) |
(5.2%) |
Copper |
$3.47/pound |
$0.06 |
1.8% |
Corn |
$7.45/bushel |
$0.46 |
6.6% |
Wheat |
188 pounds/ton |
5 pounds |
2.7% |
In the U.S., extremely hot weather is hurting corn crops, meaning that harvest yields will be lower than expected this year. Last week saw a big leap in the price of corn, and this continued at a slower rate this week. However, although the price of corn rose, ETFS Corn ETC
Precious metals fell this week, with db Physical Platinum ETC
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