The only commodity to depreciate on Wednesday was natural gas, which slid by almost 4% in the wake of waning demand from Japan, the world's third largest economy.
The pan-market S&P GSCI index (+0.36%) had some growth challenges yesterday, as some particular components were moving lower amid higher risk appetite across the board.
Oil prices moved notably higher on Monday and finished the first trading session of this week with a climb of about 3%.
Without any fundamental and other major drivers, oil prices failed to prolong the streak of gains on Friday.
Gold builds on yesterday's gains on Friday despite a rebound in equities, supported by continuous money flows into exchange traded funds and safe-haven appeal.
Gold rose on Thursday as volatility in equity markets sparked safe-haven demand.
Gold extends yesterday's 1.5% rally amid demand for a haven, as investors purchased the precious metal through funds at the quickest pace in almost six years.
Although yesterday gold was the most bearish commodity, today it climbed, as Asian equities and the US Dollar declined, with the precious metal also supported by significant inflows into bullion funds.
Gold continued to decline on Monday as the US Dollar and equities rose. However, the precious metal remained supported by investors' interest amid caution in financial markets.
Gold booked another spike on Thursday, after worldwide equity markets retreated due to falling oil prices. Initially, the day was positive for both risky commodities and stocks.
Commodities spent Wednesday fully in the green territory, as all of them posted successful gains amid weaker American currency and other factors.
Energy components had been gaining ground before the meeting of Russian and Saudi Arabian officials. They were expected to make decisions about oil output in their countries, which should have had a favourable impact on prices.
Precious metals were casualties of a strong rebound in stock markets across Asia and Europe on February 15, while US trading was closed for the President's Day.
Oil prices registered an incredible climb of more than 10% on Friday, as Brent surged by 11% and Crude was up by 12.32% on just a one-day basis.
In percentage terms oil prices have not showed their sharpest ever decline on Thursday. At the same time, a 4.5% drop for Crude was enough to send the spot towards $26 per barrel or the lowest level since early 2003.
Brent oil was the best performer on February 10 and it completely diverged with its US peer Crude. The former surged by 1.72% and the latter was down by 1.75%, the second worst result across the board.
Gold was completely flat on Tuesday, even though other commodities were severely hit by renewed worries about global economy, Fed rate increases and even worldwide recession.
Dovish central bank policy expectations, especially in case of the Federal Reserve, are putting a considerable downward pressure on the Dollar.
Sliding American currency resulted in a rally for precious metals on Friday. Gold and silver booked another trading session with a positive change of more than 1%.
All commodities except precious metals turned red on Thursday, with daily losses led by energy components. Natural gas plunged by 3.24%, as futures continued to trend lower after the US Energy Information Administration said natural gas supplies tumbled during the last week of January.
Plummeting US Dollar was supporting completely all commodities throughout the whole trading session on Wednesday.
Only corn and gold posted some green movement yesterday, by adding 0.34% and 0.05%, accordingly. Silver ended the session in the red territory, but losses were largely limited at 0.3%.
Ignoring the fact of a declining US Dollar, energy commodities plummeted more than enough over Monday's trading session.
Friday was a green day for all commodities that are included in our daily review. Even precious metals avoided a decrease in prices, by growing 0.1% for silver and 0.3% for gold. Stock markets and oil prices were supported by the Bank of Japan's interest rate decision.