Commodity Watch — Jul 30, 2026, 12:00 UTC

Transcript

Copper surged over 2% today, hitting $6.44. This signals robust underlying global demand. But the broader market picture remains complex. Crude Oil is down 0.90% to $83.7 a barrel. This move follows hopes of US-Iran de-escalation. Yesterday, oil prices jumped on renewed strikes. Today, Wall Street futures rose as oil tumbled. Geopolitical shifts are driving this volatility. OPEC decisions and global supply concerns loom. Gold, the ultimate safe haven, gained 0.99%. It trades at $4,137.6 a troy ounce. Investors are actively seeking safety. Our Fear & Greed Index sits at 28, deep in "Fear." Major indices are also showing weakness. The S&P 500 dropped 1.52% today. Global instability fuels this flight to safety. In agricultural markets, climate change is a key factor. New reports show increased rainfall in China. This transforms arid regions into viable grasslands. It boosts domestic cattle production. Combined with tariffs, this reduces beef imports. These shifts impact global food supply chains. They redefine trade relationships worldwide. These interconnected forces define our markets. This has been Commodity Watch on rawfin.tv.