Broad Profit-Taking Pressures Precious and Industrial Metals Despite Historic Monthly Gains
Metals fell on profit-taking after record gains, but monthly performance stayed strong due to a weak dollar and ongoing geopolitical risks.
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Metals fell on profit-taking after record gains, but monthly performance stayed strong due to a weak dollar and ongoing geopolitical risks.
Brent oil tops $69 as Middle East tensions and a weak dollar boost prices; supply risks and geopolitical uncertainty drive gains.
Gold hit a record $5,500/oz, driven by a weak dollar, Fed policy uncertainty, and rising US-Iran tensions, boosting demand as a safe haven.
Brent crude stays above $67 as supply disruptions, US storms, and geopolitical risks boost prices; weak dollar also supports oil.
Gold tops $5,200/oz and silver nears $115/oz as a weak US dollar boosts demand; silver outpaces gold on strong Asian and retail interest.
Deutsche Bank projects gold could hit $6,000/oz by 2026 as investors shift to real assets amid global uncertainty and strong safe-haven demand.
Silver and gold surge on safe-haven demand, trade risks, and Fed anticipation; copper drops on rising inventories and weak Chinese demand.
Iraq boosts oil and gas investments to achieve self-sufficiency, increase refining, and shift to exporting higher-value refined products.
Mohamed El-Erian predicts gold may hit $6,000/oz in 2026 amid rising economic, financial, and geopolitical risks and market volatility.
US natural gas prices hit highest since 2022 after a cold wave disrupts supply, spiking demand and prompting record electricity use.
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