On the last day before the weekend, all commodities that are usually covered in our review have decided to slide deeper into the red zone.
The precious metal continued gaining value on Thursday, by adding additional 0.78% to its price.
A clear hero of Wednesday used to be oil in terms of daily gains.
Tuesday showed a mixed situation on the commodity market; however, the trend used to have a slight bullish bias.
While the US Dollar continued to be under pressure after the recent Fed statement on interest rates, Gold prolonged its bullish trend and climbed 0.59% on Monday.
On Friday, all but one commodity from our review showed a positive development in terms of price changes as only natural gas declined 0.96% before the weekend.
The precious metal used to be the one among just two main commodities that managed to increase in price during Thursday.
After some weakness two days ago, on Wednesday each commodity included in our review registered a rise in price, amid softer stance of the Federal Reserve on interest rates.
On Tuesday, natural gas was the only commodity in our review that surged in price substantially.
While on Friday some commodities including Gold managed to increase in price, yesterday all of them were hit by selling pressure.
While the majority of commodities declined in price on Friday, Gold used to be the best performer which even managed to gain some value.
Despite declining around 0.14%, Gold used to be the second-best performer among main commodities on Thursday.
Opposite to our previous report on Gold, this time it is should be pointed out that the bullion was among those commodities to decline in value on Wednesday.
Even though Gold slipped slightly on Tuesday, it registered a third best performance among main commodities that we are usually reviewing.
On a daily basis, Gold was completely unchanged during the trading session on Monday, even though today the bullion resumed the tendency to lose value.
Expectations for an upcoming increase of Fed's interest rates and improving labour market situation in the United States pushed down demand for commodities on Friday.
On Thursday, only fossil fuels showed a noticeable development in terms of price changes.
Among main commodities, only natural gas and Crude type of oil gained significant value on Wednesday as they added 2.10% and 2%, respectively.
Being among the worst performers on Tuesday, Gold declined 0.26% in its value during trading and was only under-performed by silver which dropped 0.7%.
Opposite to the end of last trading week, on Monday all commodities without any exception dropped in price considerably.
Last Friday, all commodities posted a positive development on a daily basis.
Gold held gains for a third day in a row on Friday and was set to halt its four-week losing streak, supported by strong China's demand. However, overall the commodities performed rather poorly, S&P GSCI fell as much as 1.6% on Thursday.
Yesterday commodities reversed their recent losses. A benchmark of commodity markets rose 2%, while Brent is now five percent more expensive. Gains of gold were more modest but nonetheless significant at 0.37%.
The value of gold declined yesterday, along with many other commodities.