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.
Cooling inflation, softer yields and a weaker dollar are steadily improving gold's macro backdrop.
Middle East hopes and structural demand drivers are fuelling an XAG/USD recovery, but technical and macro risks linger.
Gold’s improving momentum and strong long-term support suggest the recent sell-off may offer an attractive entry point.
The critical mineral is on track for new record highs on structural demand and regional tightness, but geopolitical risks and consumption headwinds linger.
UKOil remains bearish below $86 as easing Iran tensions strip out geopolitical risk.
UKOil tests critical support as uneven Hormuz flows erode the supply premium.
UKOil’s overheated July rally has hit a geopolitical reality check, with $85-$86 now deciding whether the uptrend survives or unravels.
XAU/USD gains as the US and Iran pause hostilities, easing inflation fears ahead of the Fed decision, but price pressures and geopolitical uncertainty linger.
UKOil’s bullish technical breakout is reinforced by renewed Hormuz supply risks, although weak demand remains a key counterweight.
UKOil is bullish above $82 but faces key resistance at $86, with the next move likely determined by whether Hormuz tensions escalate or ease.
Gold’s near-term direction will depend on whether CPI, Warsh and Hormuz push real yields and the dollar higher or lower.
These materials constitute marketing communication and do not take into consideration your personal circumstances, investment experience or current financial situation. The content is provided as general market commentary and should not be construed as containing any type of investment advice, investment recommendation and/or a solicitation for any investment transactions. This market communication does not imply or impose an obligation on you to perform an investment transaction and/or purchase investment products or services. These materials have not been prepared in accordance with legal requirements designed to promote the independence of investment research and are not subject to any prohibition on dealing ahead of the dissemination of investment research.
FXCM, and any of its Affiliates, shall not in any way be liable to you for any inaccuracies, errors or omissions, regardless of cause, in the content of these materials, or for any damages (whether direct or indirect) which may arise from the use of such materials, services and their content. Consequently, any person acting on them does so entirely at their own risk. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.