Commodity prices refer to the market values or costs of raw materials, natural resources and primary agricultural products that are traded on various global commodities markets. These include items such as crude oil, gold, silver, copper, wheat, corn, soybeans, coffee, sugar, and many others. The prices of these commodities can fluctuate widely depending on supply and demand factors, weather conditions, geopolitical events, and other economic indicators. Commodity prices are important because they have a significant impact on global trade, inflation rates, and the overall health of economies around the world.