Geri
While the current tariff tensions caused concern in the markets and led to global uncertainties, the uncertainties experienced in the first quarter of the year increased the interest in gold, silver, copper and coffee. The weakening of the dollar, uncertainties in US President Donald Trump's tariff plans and positive economic data from China had positive effects on the commodity market. It is predicted that the decrease in globalisation and protectionist policies may increase inflationary pressures and increase long-term demand for industrial metals, energy and agricultural products in the coming periods. While the interest in precious metals has resulted in an increase in the past week, gold, which is considered a safe haven, has reached a record high of USD 3500 per ounce with a 33 percent gain since the beginning of the year. Copper gained 3.5 percent, rising 21 percent since the beginning of the year. Prices in London saw $ 9400 and $ 4.90 per pound in the US. Silver was $ 33.3 an ounce, a weekly premium of 3 percent and a year-to-date premium of about 16 percent. A high performance is observed in coffee. Exceeding $ 3.92 per pound, its weekly output is 7 percent and its year-to-date increase is around 22 percent. On the energy side, the price per barrel of Brent oil fell by 0.2 percent in the first quarter of the year, while the price of natural gas rose by 13.4 percent. Lastly, the dollar index fell as low as 99 percent, and this decrease was attributed to the US' commercial and financial policies.
