Conflict in Middle East, rising demand and dollar weakness push up prices

Central banks around the world have increased gold purchases since 2022, contributing to rising prices. (Photo by Miki Kamiyama)
Nikkei staff writers
September 10, 2026 02:56 JST
TOKYO — A broad gauge of international commodity prices is approaching its highest level in 18 years, driven in large part by fighting in the Middle East, growing demand tied to artificial intelligence and declining confidence in the dollar.