Commodities are the objects of trade in commerce around the world. Gold, silver, oil: Commodities are the goods exchanged raw, rather than in a manufactured state. Commodities can be traded in physical states, as in gold bars, using futures and spot prices. Many traders, however, use electronic trading, as in EFTs, in lieu of physical shares, focusing instead on the spread of the buy and sell price. Dive deeper into commodity markets.
President Trump expects to sign a settlement with Iran, raising optimism around the global economy and copper consumption, but risks still loom.
USOIL slips as markets monitor conflicting signals, following Wednesday's jump due to fresh US-Iran hostilities.
XAU/USD falls deeper into bear territory on lingering geopolitical tensions and higher-for-longer Fed prospects, with the US CPI update looming today.
Copper (Comex) prices rise to new all-time highs amid the ongoing AI boom and mining disruptions, but the Middle East conflict weighs on consumption.
USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.
USOIL softens as the US aims to free ships stranded in the region, but the blockade remains in place while uncertainty around a resolution to the conflict lingers.
The UAE’s exit highlights weakening OPEC unity, reducing its control over oil supply and pointing to a more volatile market where geopolitics, not coordination, increasingly drives prices.
XAU/USD rises as the risk of immediate escalation is removed after President Trump extended the ceasefire, renewing hopes for an eventual deal.
The two countries resorted to gunboat diplomacy, souring sentiment over the ceasefire, prospects of an agreement and the reopening of the Strait of Hormuz.
USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.
XAU/USD faces fresh pressure as hopes for a conclusion to the Middle East conflict fade, inflationary risks linger and the US dollar regains its strength.
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