Record Rises Were Experienced in the Commodity Market in January.

Record Increases in the Commodity Market in January

The upward trend in the commodity market that started in 2025 continued in January, bringing joy to investors.

The ongoing interest rate cuts and expectations that economies will recover in 2026, alongside geopolitical risks, supply concerns, and trade tensions, have been decisive in the volatility of commodity prices.

Significant Increases in Gold and Silver Prices

Last month, gold increased by 12.4% on an ounce basis, achieving its highest monthly performance since November 2009. Silver gained 17.2%, platinum 6.2%, and palladium 7%. Gold reached a historic peak at 5,598.09 dollars, while silver hit 121.7 dollars, platinum reached 2,923.3 dollars, and palladium achieved 2,168.6 dollars, marking the highest levels since October 2022.

Impact of Geopolitical Risks and Rise in Silver

Ongoing geopolitical risks globally, the U.S.'s insistence on its Greenland policy, and tensions with Europe have supported gold prices. Additionally, uncertainties from the U.S. government and concerns over the Fed's independence have accelerated the rise in silver prices. Silver's significant role in industrial areas, such as solar panels, also drew attention.

Record Increases in Copper, Aluminum, and Energy Prices

In over-the-counter markets, copper prices increased by 5%, aluminum 5.7%, nickel 5.2%, and zinc 8.7%, reaching significant levels. The price of copper rose to 6.6 dollars per pound due to supply concerns, hitting an all-time high.

In the energy sector, Brent crude oil increased by 14.5% to 7.8270 dollars, while natural gas hit its highest level since September 2022 with an 18.1% increase. The rise in oil and natural gas prices due to heightened geopolitical tensions caused panic across the sector.

Mixed Trends in the Agricultural Sector

In agricultural products, wheat increased by 6.1%, soybean 1.6%, and rice 11.1% at the Chicago Mercantile Exchange. However, corn saw a 2.7% decline. The increase in demand for soybeans from Brazil raised prices, while cocoa prices dropped by 31.3% to 3,931 dollars due to increased income expectations.