CRB Index Falls to 6-Week Low

The CRB Commodity Index fell to a six-week low of 331 points, mainly driven by declines in energy prices.

WTI crude dipped to $68 per barrel after a 6% drop, the sharpest in two years as Israel’s strikes on Iran spared key oil sites.

Similarly, U.S.

natural gas prices dropped to $2.8/MMBtu as supply concerns eased.

Moreover, soybeans slipped below $10 per bushel amid a record U.S.

harvest, and wheat hit a seven-week low of $5.6 as rain improved U.S.

crop conditions.

Meanwhile, Copper remained near $4.3 per pound, with markets awaiting potential fiscal announcements from China’s National People’s Congress.

In contrast, precious metals rallied, with gold reaching $2,750 per ounce and silver just above $34, driven by Middle East tensions and upcoming U.S.

economic data ahead of the Fed's policy decision.