🛢🔻 Commodities % Weekly: CRB Index Declines After Three Weeks of Gains

**As seen in Macro Walk report 09/02/2022, subscribe at cablefxm.co.uk/reports

• Our commodity prices section of the Macro Walk report showed prices declining for the week, with double-digit moves in crude oil contracts and weakness in the broad CRB index

• WTI front-month contract posted its worst week since mid-August, Brent crude fell by the most since early August

• Gold prices declined to $1,700s/oz, posting a 3.2% loss, the worst week since the last week of July. Copper fell this week by 4.1%, the largest decline since the last week of July

• The CRB commodity index fell after three consecutive weeks of gains, the gauge declined by 2.3%, worst since mid-July