Commodity prices refer to the market value of raw materials or primary agricultural products that can be bought and sold. These commodities include items like oil, gold, wheat, and copper. Prices fluctuate based on supply and demand, geopolitical events, and economic conditions, affecting both producers and consumers. Investors often track commodity prices as they can indicate broader economic trends. For example, rising oil prices may signal increased demand or supply constraints, while falling gold prices might reflect a stronger economy. Understanding these prices helps businesses and individuals make informed financial decisions.