BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%BRENT CRUDE$82.45+1.2%WTI CRUDE$78.14+1.5%GOLD SPOT$2,342.10+0.4%SILVER$28.15-0.1%COPPER HG$4.52-0.2%URANIUM U3O8$92.00+2.8%LITHIUM CARB$13,400-4.1%WHEAT ZW$562.25+0.1%NATURAL GAS$2.85+3.2%ALUMINUM$2,340+0.6%NICKEL$17,200-1.8%COCOA$7,850+5.4%
Macro Intelligence CenterMacro Intelligence
Connect commodities with the macroeconomic forces that drive them: inflation, central banks, geopolitics, supply chains, and energy transitions.
Inflation Dynamics
How commodity prices lead or lag CPI, and what that means for allocation.
Central Bank Policy
Rate regimes, balance sheet policy, and their transmission to hard assets.
Geopolitical Risk
Supply chain disruptions, sanctions, and strategic resource competition.
Red Sea Disruption
High
Escalating
Russia Supply
Constrained
Persistent
China Demand
Recovering
Improving
Energy Transition
Policy-driven demand shifts and the minerals required to electrify the world.
EV Penetration
18%
Accelerating
Grid Investment
$300B/yr
Rising
Nuclear Restart
+12 reactors
Growing
Commodity-Macro Correlation Matrix
Key relationships between commodity prices and macroeconomic indicators.
Gold vs CPI
activeHigh positive correlation during inflationary periods
Oil vs Recession
warningOil spikes historically precede recessions by 6-12 months
Copper vs Global Growth
activeCopper demand tightly coupled with manufacturing PMI
USD vs Commodities
activeInverse relationship — dollar strength pressures commodity prices
Wheat vs Food Inflation
activeGrain prices transmit quickly to consumer food baskets
Inflation vs Gold
Copper vs Global Growth