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Global commodity prices fall 5 amid Middle East stability
Global commodity prices experienced a decline of approximately 5% in June, amid improved diplomatic prospects between Washington and Tehran. This led to decreases in oil, gold, and most agricultural products. The energy market saw Brent crude fall below $86 per barrel, while gold dropped to its lowest level in seven months. Meanwhile, copper largely retained its gains, reaching about 13% since the start of the year. Agricultural markets also suffered due to the drop in oil prices, which weakened the economic viability of biofuel production.
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