Markets · Commodity markets, July 16

What moved in commodities

Thursday, July 16, 2026. From GEO's evening brief, after the close.

Precious metals led the day's moves, with gold and silver selling off sharply while the crude complex eased despite an unresolved Iran-Hormuz standoff. Softs also broke lower, with coffee and cocoa each down more than 5%.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.