Global Commodities Market Update April 2025: Gold, Oil, Sugar, Wheat Prices and Trading Outlook"

Commodities Market Update: April 26, 2025

In this in-depth report, we cover the latest movements in gold and precious metals, crude oil dynamics, agricultural commodity shifts in sugar and wheat, emerging battery-material futures, and provide a strategic outlook for traders and investors in April 2025.

Gold & Precious Metals

Gold prices fell 2% on April 25 as the U.S. dollar strengthened and hopes for an easing of U.S.-China trade tensions mounted, pushing bullion toward its first weekly decline since March.

However, on April 24 spot gold rebounded more than 1% as bargain-hunters stepped in after a one-week low, with strong technical support underpinning the recovery.

In India, 24-carat gold traded at ₹98,210 per 10 grams and 22-carat at ₹90,020 per 10 grams on April 26, marginally down from the week prior ahead of Akshaya Tritiya.

Crude Oil & Energy Commodities

Brent crude settled at $66.87 per barrel and WTI at $63.02, marking weekly declines of 1.6% and 2.6% as oversupply concerns weighed on prices.

Despite a brief pause in U.S.-China tariffs, oil prices have plunged over 20% since January amid fears of a global supply glut and weakening demand growth forecasts.

On April 24, oil prices edged up nearly 2% due to a softer dollar and mixed economic data, although OPEC+ production risks persist.

Agricultural Commodities

Sugar

Domestic sugar rates in India hit a two-month low, with London White Sugar #5 at 514.00 and NYBOT Raw Sugar #11 at 18.18, reflecting weak bulk demand and ample stocks.

Wheat

The USDA’s April WASDE report raised U.S. wheat ending stocks by 10 million bushels to 846 million bushels for 2024/25, exerting downward pressure on wheat futures.

Meanwhile, global ending stocks for corn and soybeans were adjusted modestly, indicating tightness in row-crop supplies despite ample aggregate inventories.

Battery Material Futures & Green Commodities

Benchmark Minerals Intelligence has partnered with ICE to launch exchange-traded futures for lithium carbonate, lithium hydroxide, spodumene concentrate, and cobalt hydroxide in June 2025, underlining the rise of standardized pricing in EV battery inputs.

This initiative caters to surging demand for critical minerals in the energy transition, offering traders new hedging tools amid volatile spot markets.

Market Outlook & Trading Strategies

With gold poised to resume an upward trajectory as a safe-haven asset amid trade uncertainty, traders should monitor U.S. economic data releases for volatility triggers.

Oil markets remain under pressure; contrarian strategies around supply cuts or demand surprises may offer short-term opportunities.

Agricultural commodities will respond to weather patterns and policy changes; consider seasonal spreads in sugar and wheat as hedging instruments.

Disclaimer: This post is for informational purposes only. Sources are cited in HTML comments within the code.

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