# The World Bank has warned that global commodity prices are projected to fall to their lowest level since 2020, by 2026. The drop driven by ample oil supply and weaker growth may ease inflation but threatens two-thirds of developing economies. The bank reports that energy prices, including Brent crude oil and coal, are expected to plunge, while food prices fall modestly. Meanwhile, gold prices will hit record highs amid global uncertainty. The report warns of increasing volatility in commodity markets this decade.
World Bank report indicates global commodity prices to hit six-year low by 2026