Reported about 8 hours ago
The World Bank forecasts a significant decline in global commodity prices, predicting a 12% drop in 2025 and an additional 5% in 2026, returning to pre-COVID levels due to weakened global growth and trade disruptions. This shift ends the price boom initiated by the pandemic recovery and the Ukraine conflict, potentially easing near-term inflation risks while posing challenges for developing nations reliant on commodity exports. Energy prices, food prices, and coal prices are also expected to decrease, with gold prices likely setting new records as investors seek stability amidst uncertainty.
Source: YAHOO