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Commodities such as gold and silver closed the first half of 2026 with precious metal prices mostly rising and then falling back. Spot gold fell more than 7% from its year-to-date high, dropping over $1,500. Spot silver fell by about 18% from its year-to-date high, while spot platinum fell by over 24% and spot palladium fell by nearly 25%. Base metals like copper hit a new high in the first half of the year, with a cumulative increase of 7%, while aluminum rose by 3.7%. Despite a significant drop from their highs due to geopolitical tensions, oil prices maintained gains for the year with WTI crude up 21.6% and Brent crude up 20%.
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