5 Charts to Watch in Global Commodities Markets This Week
Gold
* Surges to near-record highs due to safe-haven demand amid Trump's trade policies and inflation concerns.
* Weakness in US dollar further supports prices.
Oil
* Shale activity in the US expected to decline further this year due to consolidation and efficiency measures.
* Rig counts and frack count data indicate lower activity, but increased efficiency could minimize production impact.
Coffee
* Prices soar over 90% in the past year due to weather disruptions in producing regions.
* Demand slows in high-end markets but remains strong in coffee-producing nations.
* Early signs of demand reduction in emerging markets.
Natural Gas
* Depletion of European gas inventories intensifies, leading to soaring summer prices.
* German subsidy proposal triggers fuel competition between European nations, further driving prices higher.
Renewables
* Global climate tech equity financing declines significantly in 2024.
* Despite the setback, overall investment in the energy transition surpasses $2 trillion for the first time.