Joseph Hoppe

The record demand was driven by central banks and investors as geopolitical and economic uncertainty continued apace.

Gold futures set a fresh record in volatile trading as traders digested U.S. President Trump’s tariff plans.

Metal prices were pressured lower after U.S. President Trump imposed tariffs on Canada, Mexico and China, with strengthened U.S. dollar compounding the hit to metals.

Gold futures set a fresh record on safe-haven demand, a weaker U.S. dollar and lower Treasury yields.

Arabica coffee prices hit a record level, as traders digested the withdrawal of President Trump’s threats to impose tariffs and economic sanctions on Colombia.

The World Gold Council said that if the economy performs according to market-consensus expectations, gold prices should rise at a more measured pace than this year.

Arabica coffee prices hit their highest ever level, beating a prior record set in 1977, on worries over the 2025 harvest in Brazil.

Arabica coffee futures are up nearly 69% so far this year, a surge which reflects weather concerns in Brazil, including an extended drought and high temperatures.

Gold prices are on track for their worst weekly decline in more than three years, pressured down by profit-taking, a stronger U.S. dollar and waning interest rate cut hopes following Donald Trump’s victory in the U.S. election.

Food prices rose to their highest level in 18 months in October, with the prices of almost all commodity groups rising, led by vegetable oils, the Food and Agriculture Organization of the United Nations said.