Last week commodity markets corrected lower. From September 18 through the 25th, most raw material prices slipped. Precious metals suffered some of the most significant losses, with silver falling almost 15% from $27.129 to $23.093 on the active month December futures contract. Platinum fell by over 10%, and palladium and gold posted losses. Copper fell by 4.65% to below $3 per pound.
While natural gas finished last week with a gain, crude oil and oil product prices moved to the downside. Corn, soybeans, and wheat prices backtracked from recent gains. At the same time, the stock market was mostly lower, and even digital currencies fell. The rising number of coronavirus cases in Europe stoked fears of a second wave, and many U.S. states reported an uptick in the number of confirmed virus infections. Meanwhile, the uncertainty of the outcome of the November 3 U.S. election that will determine