Gold Leads Commodity Gains as Prices Edge Higher on Global Uncertainty

Market News · samer saeed · October 16, 2026

Gold Leads Commodity Gains as Prices Edge Higher on Global Uncertainty

Gold rose to $4,183.36 per ounce, its strongest level of the week, up 12.72 points or 0.30% from the previous close. Silver followed, trading at $57.825 an ounce, a gain of 0.669 points or 1.17%. Energy prices were mixed: West Texas Intermediate crude fell to $97.38, a decline of 0.59 points or 0.60%, while Brent crude slipped to $105.51, down 0.41 points or 0.39%. Base metals showed modest gains; copper climbed to $6.6185 per pound, up 0.0620 points or 0.95%, and aluminium rose to $3,005.30 per ton, up 20.30 points or 0.68%. Natural gas prices edged lower, settling at $3.180 per million British thermal units, a drop of 0.056 points or 1.73%. Market participants remain cautious ahead of upcoming economic data releases.

WhatsApp Channel