The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

CommoditiesHigh Impact•13 February 2026•

1 min read

Commodities Surge: Gold Tops $5,100, Brent Hits $70 Amid Dollar Weakness

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Commodity prices experienced a significant surge on Wednesday, primarily driven by a weaker US dollar and falling bond yields. Gold prices climbed more than 1%, surpassing the $5,100 per ounce mark, while silver saw an even sharper increase of over 4%. The rally extended beyond precious metals, with oil prices jumping more than 2%. Brent crude, a key global benchmark, reached $70 per barrel amidst the broad-based commodity strength. Investors are also digesting key US employment data and ongoing supply risks, which contributed to the upward momentum. This collective rise underscores a shift in market sentiment towards safe-haven assets and raw materials.