Analysis: Commodities

Gold climbs back to $4,500 an ounce, highest level since early June

The yellow metal is still rising, supported by a weaker dollar and debt buybacks announced by the US Treasury. Investors are now watching the Federal Reserve, whose next decisions will be decisive for...

Strait of Hormuz: how the United States is moving millions of barrels past Iran

The US military is organizing nightly tanker transits through a channel off Oman, Axios reports. Nearly 10 million barrels are now believed to move through each day, albeit about half the volumes...

Washington moves toward a sale of offshore mining leases near the Northern Mariana Islands

The United States is preparing a possible sale of leases for mining critical minerals in federal waters off the Northern Mariana Islands. The plan, which is still subject to several regulatory steps,...

Geopolitical tensions and the oil market: the IEA's take on supply and demand

In its monthly oil market report published on Wednesday, the International Energy Agency said global oil demand is expected to fall by 1.6 mb/d in 2026, 510 kb/d more than forecast last month. The...

Oil surges: supply under pressure on every front

Crude extended its rally, driven by a buildup of supply shocks hitting multiple producing regions at the same time. Precious metals are moving higher as well.

Gold regains momentum as the Fed is seen as less aggressive

Gold has regained some shine over the past few sessions, with US futures climbing from around $4,000 an ounce to nearly $4,500. Talks about a possible agreement between the United States and Iran may...

Oil rebounds, but uncertainty remains about reopening Strait of Hormuz

Crude oil prices rose on Monday as the terms for the reopening of the Strait of Hormuz are still to be defined. Tehran says a deal with Oman is close, although it maintains several demands on...

Global food prices: mixed monthly gain in the FAO index

The FAO Food Price Index averaged 131.1 points in July 2026, up 0.7 point from the previous month. Increases in the cereals, sugar and vegetable oil price indices were partly offset by declines for...

Copper Hits Fresh Records Between Tariff Risk and Supply Strains

US copper futures topped $6.70 a pound on Thursday, setting a new record as the market was buoyed by the prospect of US tariffs and fresh uncertainty over global mine supply.

Rare earths: Trump's America wants to cut the cord with China, but its industry cannot keep up

Donald Trump has made independence in critical minerals a national security priority, having set January 1, 2027 as the cutoff for Chinese purchases for defense. The only problem is that five months...

Fuels: a surge in refining costs sends prices soaring in Europe

Since mid-July, Brent prices have climbed by nearly $20. That figure masks an even starker reality: refining margins on European diesel have risen even faster, jumping from $37 to nearly $65, a...

VanEck says "Gold continues to outperform most other major asset classes"

Gold price volatility increased in H12026. Intraday, gold traded as high as $5,595 on January 29. On June 30, it hit its lowest level of the year at $3,943, but managed to close just above the $4,000...

Vontobel says it's "Smart to add commodities to a diversified portfolio"

At the start of the year, wheat, especially Kansas wheat, was front and center for market participants, as yield forecasts proved historically poor due to unfavorable weather conditions in key growing...

Commodities: The Middle East Under Watch

Every week, this commodities roundup helps you review market news across the commodity markets to better understand price moves in energy, metals, and agricultural raw materials.

Diesel threatens to reignite inflation despite a contained Brent

While investors continue to watch Brent and tensions around the Strait of Hormuz, the real energy shock is now centered on the diesel market. This divergence could have more direct consequences for...

Oil vs LNG: AlphaValue Sees Energy Paths Moving Further Apart

AlphaValue has published a sector study on the LNG market: 2050: A Gas Odyssey. Global LNG demand is expected to rise from 422 Mtpa in 2025 to nearly 700 Mtpa by 2050, an increase of 65% over the...

Commodities: Silver loses its luster

Every week, our commodity market wrap-up provides an overview of the latest news to help you better understand price fluctuations in energy, metals, and agricultural raw materials.

Iraq Threatens to Exit OPEC

Failing an increase in its crude oil production quotas, Iraq says it is prepared to consider all options, including a definitive exit from OPEC. This was announced by a senior official from the Iraqi...

Commodities: Oil Slumps, Metals Under Pressure

Our weekly commodities overview provides a comprehensive look at the latest market developments, helping you better understand price fluctuations across energy, metals, and agricultural raw materials.