Commodities FX Related TRENDING:Canada CPI Oil price XAU/USD EUR/USD GBP/USD Silver Newsletter UpgradeLogin Rates & Charts Charts Live chart Forecast poll Rates table Technical indicators Assets EUR/USD GBP/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News News Forex news Institutional research Latest by asset EUR/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Analysis Analysis Forex analysis Editorial picks EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD NZD/USD US Dollar Index Gold Oil Stocks Commodities Economic Calendar Economic calendar Economic calendar World interest rates Market hours Fed Sentiment Index Key events Fed Nonfarm payrolls US CPI BoC ECB BoE BoJ RBA RBNZ SNB Cryptos Crypto Crypto news Press releases Latest by asset Bitcoin Ethereum Ripple Cardano Solana Dogecoin Education Education Forex education Brokers Brokers Brokers Broker reviews Best of 2026 Press releases Trader cashback Prop Firms PropinderNEW Sponsored by Login Commodities Market Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar Gold (XAU/USD) struggles to build on its intraday advance on Monday but holds modest gains as the US Dollar (USD) remains under selling pressure amid fading expectations that the Federal Reserve (Fed) will raise interest rates at its September meeting. Latest News now Norwegian Krone: Further gains seen versus Euro - Rabobank FXStreet Insights Team 13 minutes ago Indian Rupee: RBI move tightens liquidity – BNY FXStreet Insights Team 1 hour ago Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar Vishal Chaturvedi 1 hour ago Copper: Record highs on tightening supply – ING FXStreet Insights Team More Latest News Assets Asset Last Bid Ask CHG CHG% Open High Low GOLD 0.00 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 XPD/USD 0.0000 0.0000 0.0000 0.0000 0.00% 0.0000 0.0000 0.0000 XPT/USD 0.0000 0.0000 0.0000 0.0000 0.00% 0.0000 0.0000 0.0000 XNG/USD 0.00000 0.00000 0.00000 0.00000 0.00% 0.00000 0.00000 0.00000 XCU/USD 0.00000 0.00000 0.00000 0.00000 0.00% 0.00000 0.00000 0.00000 AUD/USD 0.00000 0.00000 0.00000 0.00000 0.00% 0.00000 0.00000 0.00000 CAD/USD 0.00000 0.00000 0.00000 0.00000 0.00% 0.00000 0.00000 0.00000 Platinum 0.00 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 WTI US OIL 0.00 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 Best brokers in your location Smart insights by real people. Every day. Stay ahead with key market trends from Orange Juice Newsletter. Mail* SubscribeYes, I also want to receive FXStreet promotions. By subscribing you agree to our T&Cs. Commodities Explained Commodities are raw materials or basic products used to produce other goods or deliver services. They often take center stage during inflationary periods, serving as a hedge against inflation. Gold, in particular, has an important psychological value as a hedge against economic uncertainty. But other commodities can also signal shifts in economic cycles. A bottom and rise in copper prices - widely regarded as a barometer of economic health - may signal bearish conditions for bonds and utilities, which are sensitive to interest rate changes. Energy prices impact the whole economy, besides having a psychological effect on inflation. Rising oil prices, for instance, act as a "tax" on the economy as it tends to slow growth prospects. This often turns into lower interest rates and higher bond prices. Commodities and the US Dollar Commodities, priced in US dollars, tend to have an inverse relationship with the USD. A strong USD often puts downward pressure on commodity prices, making them less attractive to investors. Commodity groups Similar to industry sectors in equity markets, the commodity market consists of several groups, each providing different economic signals. Some commodities, specifically the metals group, are considered tangible assets because they are non-perishable. Meanwhile, Silver and Gold have the advantage of consistent specifications across nations, unlike Texas and Brent crude Oil, which differ in composition. Precious metals: Gold, Silver, Platinum, and Palladium. Copper, despite being used primarily for industrial purposes, is usually also lumped into this category. Precious metals are very popular among Forex traders due to their perceived monetary value. Energy: Oil is the most prone to supply shocks, political tensions in Oil-producing countries or regions, policies from the Organization of the Petroleum Exporting Countries (OPEC), and volatile demand from emerging countries. These factors create significant risks for those trading in this market. Higher Oil prices tend to negatively impact equities, raising the prospects of higher inflation and slower growth. Grains: Grain prices fluctuate on the so-called crop year, with planting and harvesting forming tradable price cycles. However, those cycles are influenced by unpredictable weather conditions. Key agricultural commodities include Corn, Soybeans, Wheat and Oats. Soft commodities: This category includes coffee, orange juice, cocoa, sugar and cotton. Commodity Currencies Commodity currencies are said to be correlated with the price of commodities. The Australian dollar, the Canadian dollar and the New Zealand dollar are considered commodity currencies because the economies backed by the named currencies are sensitive to commodity valuations. In this light, be sure to factor in the global economic outlook when evaluating any of the commodity currencies. In any case, correlation is not causation and such relationships can and do break down. AUD Being China a tremendous consumer of raw materials, and Australia a leading exporter of metals, coal and grains, market perceptions of strong demand from China could see the Australian dollar gain in sympathy with commodity prices. The boom in Asian regional growth over the past decade has supported the Australian economy, bringing with it higher levels of inflation. This explains why the RBA maintained higher interest rates than other major central banks. Visit a dedicated AUD/USD page. CAD Canada is the fifth largest gold producer and fourteenth largest oil producer. Thereby, strong commodity prices generally benefit domestic producers and increase their income from exports. There is a caveat, though, and that is the positive correlation makes the Canadian dollar more expensive in USD terms. Since Canada's economy is very dependent on external demand from the United States, a strong CAD could filter into reduced demand for Canadian Exports. Visit a dedicated USD/CAD page. NZD New Zealand is primarily an agricultural-commodity-producing economy (dairy products and meat in particular), and therefore it displays a weaker correlation than CAD and AUD to metal and energy prices. But still, it is highly sensitive to global performance, especially of its key trading partners, Australia, United States and Japan. It's commodity currency status is also to be understood via its dependency on the Australian economy, and since Australia is very commodity driven, any changes affecting the Australian economy affect New Zealand as well. Against the Japanese yen, the NZD can bee regarded as a risk barometer. How bullish are commodity currencies and the USD against a basket of 21 world currencies? The Bullish Percentage Index compares the four majors against the 21 most traded currencies (according to the BIS statistics). Among these currencies are the Korean Won, the Mexican Peso, the Turkish Lira, the Brazilian Real, etc. It shows the percentage of currency crosses on buy signals on Point and Figure charts. Point and Figure charts have the particularity of being objectively bullish or bearish, depending on the most recent double-top/bottom buy or sell signal. The Bullish Percentage Index is a breadth indicator used in stock indices, and its logic has been adopted by FXStreet.com to measure currency strength. The index can be read as an oscillator, with readings between 0% and 100%. It is updated on a daily basis, on GMT close, and compared to the same data 5 days ago. 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