Investing.com expects Fed to stop raising interest rates, commodity markets fluctuate

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©Reuters.

Last week, commodity markets experienced significant fluctuations due to a variety of factors including global economic concerns, weather impacts, production forecasts, and speculation related to the Federal Reserve’s interest rate decision. There are signs that the Fed’s interest rate hike cycle is over, and market optimism has increased.

The Federal Reserve maintained interest rates at a target range of 5.25%-5.5%, a move supported by Chairman Powell’s remarks and in line with market expectations, thus stimulating risk appetite. The decision was announced last week.

The trend in the precious metals sector has been mixed. and palladium fell 0.6% and 0.3% respectively, while silver and platinum gained 0.4% and 2.9% respectively.

Energy market prices fell 4.2%, but this was offset by an 11.1% rise in Nymex prices.

Prices for other commodities such as copper, lead, aluminum and zinc also rose, in sharp contrast to last week’s 1.5% drop in nickel prices.

Last week’s volatility in commodity markets was largely driven by the impact of the Federal Reserve’s interest rate hikes, global economic uncertainty, output forecasts and weather-related impacts.

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