Brent crude oil remained under pressure this week as traffic through the Strait of Hormuz ramped up and as top Wall Street banks like Goldman Sachs, Citigroup, and Morgan Stanley lowered their expectations. It dropped to $73.25, down by 38.8% from its highest point this year. Goldman Sachs, Morgan Stanley, and Citigroup lower oil forecasts
Gold’s slide below $4,000 is less a flight from safety than a repricing of the trade that carried bullion through the first half of the year. The metal is still close to record territory by historical standards, but the market’s mood has changed. Traders are no longer paying up for war risk alone. They are
Silver’s latest fall shows how quickly geopolitical risk can turn against precious metals when it feeds the inflation story. The white metal slipped below $58 an ounce on Wednesday, as investors questioned whether the fragile US-Iran peace track can hold and whether renewed pressure around the Strait of Hormuz could keep energy prices vulnerable. For
Corn price dropped lower on Monday to its lowest level in close to 10 months as favorable growing conditions and lower crude oil prices weigh on the market. Notably, it has been in the red for the past six consecutive weeks. Despite the expected corrective rebound, the bears are set to remain in control in
Platinum price made subtle price movements on Monday as the US dollar steadied ahead of the US jobs data. Late last week, the greenback erased most of the week’s gains as geopolitical uncertainties continue to impact the financial market. While the US dollar easing has yielded a slight recovery for the precious and industrial metal,
Oil prices fell on Tuesday as traders balanced hopes for fresh US-Iran diplomacy against concerns around Tehran’s attempt to shape how ships move through the Strait of Hormuz. Brent crude slipped in the low-$70s, while US West Texas Intermediate traded around $70 a barrel. Both benchmarks remain well below their conflict-era highs, after markets unwound
Gold’s haven trade is being tested by a different kind of fear: not war, but the price of money. Bullion slid back below $4,000 an ounce on Tuesday, as the shock from the Middle East conflict faded and investors refocused on a Federal Reserve that may still have more tightening to do. The move leaves
Silver’s bounce on Tuesday looked more like a pause in the selloff than the start of a convincing turn. The metal found buyers near $56.60 in Asia, but the broader mood stayed cautious as traders leaned into the idea that the Federal Reserve’s next move may still be a rate increase. For a market that
Aluminum is set for its steepest monthly loss since 2008, plunging more than 15% in June as optimism over Middle Eastern supply returning to the market unwinds the rally triggered by war‑related disruptions earlier this year. The correction reflects both easing supply fears and broader macroeconomic headwinds, including a stronger US dollar and hawkish Federal
Morgan Stanley has cut its oil price forecasts for the second half of 2026, citing a faster‑than‑expected return of flows through the Strait of Hormuz. Bloomberg reported that the bank sees Brent crude averaging lower than previously projected as supply disruptions ease. At the time of writing, the Brent crude contract on the Intercontinental Exchange