commodities176.825 min read
JPMorgan trims gold outlook on cooler demand, eyes second-half rebound
8 days ago•Source: Investing.com
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170.915 min•26 days ago
Gold gains as dollar softens and Iran fears add inflation risk
Gold prices rose as the dollar eased and Iran-related supply worries kept inflation risk in focus, with traders awaiting upcoming U.S. inflation data and Federal Reserve cues; spot gold traded around $4,640 per ounce and June futures near $4,651, while Brent crude stayed elevated.
131.655 min•1 month ago
Oil slips as US-Iran talks gain traction, easing supply fears
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Oil dips as Iran talks hopefuls ease Hormuz supply fears
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Oil sails past $115 as Middle East tensions widen oil-supply risks
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Oil climbs as Iran conflict tests supply fears, but weekly decline looms
Oil prices rose on Friday but markets were set for their first weekly decline since the Iran‑led conflict began, with Brent around $109.88 a barrel and WTI near $96. The market remains focused on potential duration of the war and disruption to global supplies (the IEA says roughly 11 million barrels per day have been removed from supply). Trump paused attacks on Iranian energy facilities and weighing ground action to seize Kharg Island, keeping fears of prolonged disruption — and a possible spike in prices if fighting intensifies — while some analysts see potential for a decline if de‑escalation occurs, keeping prices above pre-crisis levels.
Gold Drops as Oil Takes the Spotlight, Goldman Sees Dip as Opportunity
Gold prices have fallen as gold’s traditional hedge against a stronger dollar wanes amid tighter financial conditions and position unwinds. Goldman Sachs argues crude is the lead driver for markets, lifting near‑term oil forecasts after disruptions in the Strait of Hormuz, withOil near 110 (XBR/USD) in the near term and 2026 forecasts of Brent around 85 and WTI around 79. The pullback in gold is not seen as a lasting shift in the long‑term thesis; instead, it’s viewed as a potential buying opportunity for long‑term investors, albeit with near‑term volatility likely as derivatives moves and energy-price dynamics play out.
Oil prices rally as Middle East attacks persist
Oil prices climbed more than 2% in European trading as the Middle East conflict persisted, with Brent up about 2.5% to $102.42 a barrel and WTI up about 2.8% to $90.67 a barrel. Markets were buoyant on the move despite Iran denying talks with the U.S., contradicting Trump’s claims, and ongoing tensions around supply routes like the Strait of Hormuz.
Oil swings on Iran tensions vs sanctions relief, eyes on Middle East energy
Oil prices swung between gains and losses as traders weighed threats to energy facilities from the US–Iran crisis against Washington’s temporary relief on Iranian oil sanctions. Brent traded around $112.84/bbl and WTI near $98.75/bbl, with the Brent–WTI spread at multi‑year highs. Analysts said escalation could keep prices elevated even if Hormuz reopens, as Gulf energy assets are damaged and Iraqi Basra production is cut. India and other buyers are examining Iran purchases, while the IEA’s Fatih Birol called the crisis very severe, underscoring risk to global energy flows.
Gold edges higher as Iran conflict dims bets on rate cuts
Gold edged up in European trading but remains on track for a deep weekly loss as the Iran conflict raises inflation worries and dents bets on near-term rate cuts; spot gold around $4,657/oz and futures near $4,658/oz, with the week’s decline about 8% as the dollar weakens and energy price pressures cloud central bank policy.
Oil reverses intraday gains as Brent hovers near 2022 highs amid Middle East tensions
Oil prices pulled back from an intraday spike after Netanyahu said Iran has no capacity to enrich uranium, with Brent trading around $106.50—near its highest level since July 2022 after a session high near $119—while WTI hovered around $94. The moves reflect ongoing supply worries from the Iran–Israel conflict and Strait of Hormuz disruptions, set against a backdrop of cautious central-bank commentary on policy paths amid higher energy costs.
Oil to stay above $100/bbl as Iran tensions persist, OCBC says
OCBC analysts say oil prices are likely to hold above $100 per barrel in the near term due to limited Iran de-escalation and tightened Strait of Hormuz flows, keeping global crude markets tight. They expect Brent to hover around $100 through mid-2026 and ease to about $70 by early 2027 as disruptions fade, but a supply shock risk remains if tensions persist, even as mitigations like strategic reserves and alternative routes could offset part of the gap.
Oil prices hover as Iran supply fears persist and Trump pushes Hormuz action
Oil prices wavered in choppy trading as supply fears tied to Iran resurfaced amid the U.S.-Israel conflict. Brent traded around $103.41 a barrel and WTI about $96.40, after earlier gains, as President Trump urged international support to keep the Strait of Hormuz open. He said talks with seven countries, including China, were under way. The UAE reported a second drone strike on Fujairah, Tehran signaled the waterway would stay closed until attacks cease, and the IEA began releasing emergency oil reserves to offset potential shocks.
Crude Near $100 as Iran Conflict Keeps Supply Fears Alive
Oil prices hovered around $100 a barrel as fighting with Iran kept supply fears in focus, with Brent around $101 and US crude near the mid-$90s, as inflation concerns and upcoming data add to market jitters.
Gold slips as Asia bid fades and risk-off mood returns
Gold gave up an early rally and slid about 2% to around $5,066 per ounce after briefly spiking to $5,196, as Asian demand failed to materialize and oil climbed to $107.41, pushing global markets lower and prompting traders to pare risk. Silver also fell (~3%), while longer-term inflation or recession fears remain supportive of gold, though near-term dynamics favor selling in a crowded, leveraged trade.