Commodities

Key Takeaways Trump’s bombshell announcement: The president declared the U.S. had reached a settlement with Iran, with a signing ceremony possible in Europe “over the next few days.” “We ended the war with Iran today”: Trump told a virtual rally Iran had agreed “never to have a nuclear weapon.” Hormuz …

Gold prices staged a rebound on Thursday after falling to their lowest level in six months, as renewed geopolitical tensions in the Middle East revived demand for safe-haven assets.The precious metal recovered from an earlier selloff as investors reacted to escalating hostilities between the United States and Iran. Growing uncertainty …

Oil prices moved lower on Thursday as investors took profits following a sharp rally fueled by tensions in the Middle East. Despite ongoing military threats and elevated geopolitical uncertainty, growing optimism that diplomatic channels remain open between the United States and Iran helped calm fears of an immediate disruption to …

Key Takeaways Oil retreats: Brent fell 1.4% to $91.76 per barrel, while WTI dropped 1.3% to $88.88 — erasing earlier gains of more than 2%. Prior session’s gains unwound: Both contracts had settled nearly 2% higher Wednesday before Thursday’s reversal. Talks continue despite strikes: CNN reported the U.S. and Iran …

Key Takeaways Gold recovers from 6-month low: Spot gold rose 0.6% to $4,093.35 per ounce after touching $4,023.96 — its weakest since late November. Gold futures dip: U.S. gold futures fell 0.5% to $4,114.25 amid higher-for-longer rate expectations. Prior session’s 4%+ crash: Wednesday’s severe selloff preceded Thursday’s tentative bounce. U.S. …

Consumer inflation in the United States continued to accelerate in May, highlighting the ongoing impact of elevated energy prices on the broader economy. Annual inflation rose to 4.2%, up from 3.8% in April, matching market expectations and reinforcing concerns that price pressures remain persistent. The increase reflects the continued influence …

Stronger Inflation Revives Demand for the US DollarThe US Dollar strengthened on Wednesday after fresh inflation data showed that price pressures in the United States remain higher than expected. The latest figures reinforced market expectations that interest rates could remain elevated for a longer period, boosting demand for the greenback …

Oil prices surged on Wednesday, with U.S. crude climbing more than 2% as renewed geopolitical tensions in the Middle East and a sharp decline in U.S. oil inventories fueled concerns about global supply availability.West Texas Intermediate (WTI) crude rose to around $89 per barrel, recovering strongly after recent volatility. The …

U.S. Inflation Figures Weigh on Gold as Markets Scale Back Expectations for Interest Rate CutsGold prices tumbled more than 3% on Wednesday after the latest U.S. Consumer Price Index (CPI) data showed inflation remains elevated, strengthening expectations that interest rates could stay higher for longer.The precious metal fell to around …

Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to $89.96 — recovering from Tuesday’s 3% slide to seven-week lows. Trump loses patience: The president warned Iran has “taken too long” to negotiate and “will have to pay the price.” Escalatory rhetoric: Trump …