29.10.2025 21:19
The World Bank stated in its Commodity Markets Outlook report that it expects commodity prices to decline to their lowest level in six years by 2026. The report indicated that a decrease in oil prices is anticipated, while it was also noted that the rise in gold prices is expected to continue.
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The World Bank reported that global commodity prices are expected to decline to their lowest level in six years in 2026.
The Bank published the October issue of the Commodity Markets Outlook Report.
The report stated that commodity prices are expected to decline to their lowest level in six years in 2026, which means that prices will have fallen for the fourth consecutive year.
"COMMODITY PRICES ARE EXPECTED TO FALL BY 7%"
The report noted that commodity prices are projected to decline by 7% this year and next year, attributing this decline to weak global economic growth, an increasing oil surplus, and ongoing policy uncertainty.
The report indicated that falling energy prices are helping to ease global inflation, while the decrease in rice and wheat prices has contributed to making food prices more affordable in some developing countries.
Despite the recent declines, the report pointed out that commodity prices are still above pre-pandemic levels, with prices expected to remain 23% and 14% above 2019 levels in 2025 and 2026, respectively.
NOTABLE FORECAST REGARDING GOLD PRICES
The report highlighted that precious metals reached record levels this year, with demand for safe-haven assets and central bank purchases supporting this rise.
It was noted in the report that the price of gold, seen as a safe haven during periods of economic uncertainty, is expected to increase by 42% in 2025, and is projected to rise by 5% next year, nearly doubling the average from 2015-2019.
The report also stated that silver prices are expected to rise by 34% this year, reaching a record annual average, and are projected to increase by 8% in 2026.
DECLINE IN OIL PRICES EXPECTED
The report mentioned that the global oil surplus has significantly increased this year, and this surplus is expected to exceed the last peak in 2020 by 65% next year.
The report noted that the demand for electric and hybrid vehicles, along with stagnant oil consumption in China, has led to a slower increase in global oil demand, with the price of Brent crude oil expected to drop from an average of $68 per barrel this year to $60 in 2026, marking the lowest level in five years.
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