At present, trading commodities is one of the most lucrative methods of investment.
More than 100 different commodities are used in the production of products or services. The quality of these products can differ according to the type of commodity available.
However, you cannot deny the increasing value and demand for the commodity market. Currently, the term commodity has extended to financial products exchange and foreign indexes as well.
This is due to the increase in the use of technology around the world. So, how does it affect the price chart of the commodities, and what are the current prices in the market?
Table of contents
Let’s discuss them in detail below.
Daily Prices of Commodities in the Market
Let’s discuss the price chart of the five top-rated commodities today.
1- WTI Oil
West Texas Intermediate (WTI) oil has shown advanced price rates in the last few days due to the Ukraine-Russia war.
With a current price rate of 104.60 USD per Barrel, WTI oil has increased significantly by 2.2% in the last day. Last week, its price was 94.29 USD per Barrel.
In addition, analysts are expecting a further increase in the price charts.
2- Brent Crude Oil
Do you know which is the most refined form of petroleum?
Yes, Brent crude oil is the one. At the time it stood at a price rate of 109.94 USD per Barrel with an increase of 1.32%. Its price had an increase of 11.1% over the last 7 days.
Furthermore, Brent crude oil’s price topped 100 USD per Barrel in the last month and you will see another high value in the price charts soon.
3- Natural Gas
Another mixture of hydrocarbons mostly consisting of paraffin is the natural gas. At the time, it stood at 7.21 USD per MMBtu with a 2.46% increase.
In the last 30 days, its price has gone to a record breaking increase of 56.72% with a market size of 9.9 billion.
4- Gold
The most valuable commodity and storehouse of valuable assets is gold. With over 13,000 assets and market size of $12.598 T, gold is considered one of the largest commodities to trade in 2022.
Moreover, currently, it stands at a price rate of 1979.98 USD per Troy Ounce with 0.56% decrease at the time of writing. In the last 24 hours, its price had a downfall of 0.25% and an increase of 2.22% over the last 7 days.
5- Silver
On the price chart of daily commodities, silver is at 25.52 USD per Troy Ounce. Among the commodities listed above, silver has decreased to 0.85% at the time of writing. In the last 24 hours, its price suffered a downfall of 0.27% but had an increase of 2.34% over the last 24 hours.
Final Thoughts
Undoubtedly, trading is a highly profitable option for those who are into passive income. Yet, one thing that demands is your passion and consistency.
The same goes for investing in the commodity market. If you’re well aware of your needs and choice of commodity, then you’ll soon get better results and long-term revenue.
