Price Fluctuations of Major Commodities on July 21, 2025: Focus on Copper and Gold Market Dynamics
On July 21, 2025, the prices of major commodities in the financial markets exhibited varying trends, with particular attention on the movements of LME copper and international gold prices.
The LME copper price rose to $9,778 per ton today, marking a daily increase of 1.16%. This upward movement was primarily driven by easing supply constraints and improving macroeconomic sentiment.
From a supply perspective, earlier disruptions in copper production due to force majeure events—such as natural disasters hindering mining operations—had temporarily tightened copper supply. However, recent resumptions in production at affected mines have effectively alleviated market supply pressures. Additionally, improvements in logistics and transportation have facilitated smoother delivery of copper to consumer markets, further balancing supply and demand.
On the macroeconomic front, stronger signals of global economic recovery, coupled with positive economic data from major economies, have bolstered market optimism about future growth. This favorable macroeconomic environment has reinforced investor confidence in the demand outlook for industrial metals, leading to increased investment in copper. As a critical industrial raw material widely used in sectors such as power, construction, and electronics, copper demand typically rises alongside economic growth. Thus, the improving macroeconomic sentiment has provided robust support for copper prices.
Meanwhile, the international gold price stood at $3,350.57 per ounce. While the exact daily percentage change was not specified, this price level and its underlying market dynamics remain noteworthy. Gold has long been regarded as a safe-haven asset and a store of value, with its price influenced by multiple intertwined factors. In the current global economic landscape, despite signs of recovery, geopolitical uncertainties persist. Tensions in certain regions have prompted investors to allocate funds to gold as a hedge, lending some support to its price.
Monetary policy considerations also play a significant role. Several major economies have maintained low interest rates or adopted quantitative easing measures to stimulate growth, raising concerns about potential depreciation in the real purchasing power of currencies. In such a monetary environment, gold—as a natural form of money with intrinsic value—has attracted increased investor interest. However, economic recovery expectations have simultaneously tempered gold's safe-haven appeal, as investors lean toward riskier assets for higher returns. Consequently, gold prices remain in a delicate balance shaped by competing forces.
The rise in LME copper prices reflects a positive interplay between industrial demand and macroeconomic conditions, while international gold prices fluctuate under the complex influences of safe-haven demand and economic recovery prospects. Investors and market participants must closely monitor these evolving dynamics to make informed decisions in an intricate and ever-changing financial landscape. Moving forward, factors such as supply, demand, macroeconomic policies, and geopolitical developments will continue to shape commodity price trends, ensuring that the market remains both unpredictable and ripe with opportunities.
