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Commodities 24 March 2026 - 23 June 2026

Gold, silver up after Strait of Hormuz deal puts oil under pressure

Gold, silver up after Strait of Hormuz deal puts oil under pressure

Gold and silver gained Monday, but oil prices slid after the U.S. and Iran agreed to halt fighting and reopen the Strait of Hormuz. The energy market has tracked the strait for months. Both sides plan to sign an MOU in Switzerland on Friday, though details are still missing. Their nuclear talks have been delayed for another 60 days. Oil prices tumbled. Brent crude slid $4.16, or 4.8%, to $83.17 a barrel by 1315 GMT. U.S. West Texas Intermediate was down $4.39, or 5.2%, to $80.49. Both contracts touched lows not seen since March 10, according to Reuters. Trump said the strait will reopen "toll free" and the U.S. plans to lift its naval blockade of Iranian ports. Ships with oil are passing through the Southern "Highway" again, Trump said.
Silver Price Forecast: Why Silver Just Fell Below $80 — and What Happens Next

Silver’s $76 signal points to India, Fed impact

Silver moved lower toward $76 an ounce on Tuesday, losing some ground after Monday’s late rally. Traders looked at U.S.-Iran tensions, rising oil prices, inflation worries, and chances of tighter Fed policy. Spot silver dropped 2.3% to $76.27 an ounce by 11:05 a.m. EDT, according to Reuters. Fortune’s morning tracker had silver at $76.30 at 9:10 a.m. ET, down $1.15 from a day ago. Silver has stopped acting like the usual safe haven. Prices are still up roughly 129% over the last year, according to Trading Economics, even as the metal dropped more than 2% on the day and sits far from the January peak at $121.64.
Copper Price Nears Record High As Supply Crunch And AI Demand Drive $14,000 Rally

Copper Price Nears Record High As Supply Crunch And AI Demand Drive $14,000 Rally

Copper moved closer to its all-time high on Wednesday, marking an eighth straight day of gains as traders reacted to tightening global supply and ongoing Chinese demand. Prices on the London Metal Exchange hit $14,196.50 per ton, just shy of the record $14,527.50, according to Bloomberg. This shift matters because copper’s surge isn’t just about long-term bets on clean energy anymore—right now, it’s a scramble. The metal, essential for power cables, EVs, data centers and factories, has been climbing as mine setbacks, pricier processing and stockpiling take the driver’s seat, pushing aside pure demand speculation.
13 May 2026
Oil Price Forecast This Week: Brent’s 6% Slide Leaves Traders Staring at $120 Risk

Oil Price Forecast This Week: Brent’s 6% Slide Leaves Traders Staring at $120 Risk

Oil prices managed a bounce on Friday but still wrapped up the week in the red, with traders eyeing U.S.-Iran diplomacy more than the usual supply reports as violence flares near the Strait of Hormuz. Brent crude, the international standard, settled at $101.29 a barrel, while U.S. West Texas Intermediate closed at $95.42. Both benchmarks slid over 6% for the week. “The market is hung between a breakthrough in negotiations and a renewal of the fighting,” said John Kilduff, partner at Again Capital. The market’s not just moving with the usual supply swings anymore. China’s crude imports tumbled 20% in April, sliding to 38.5 million metric tons—the lowest mark since July 2022—after the Hormuz shutdown tightened flows to the top oil buyer, according to customs figures.
9 May 2026
Oil Price Below $100 Again: Iran Deal Hopes Run Into a Fuel-Market Squeeze

Oil Price Below $100 Again: Iran Deal Hopes Run Into a Fuel-Market Squeeze

Oil extended its slide Thursday, Brent crude settling near $99.5 a barrel as the market dialed back war risk premiums amid renewed optimism for a possible U.S.-Iran agreement. West Texas Intermediate hovered around $93.6 a barrel. Brent remains the global benchmark, while WTI serves as the U.S. reference. This shift hits now, with traders betting on diplomacy before shipping and crude flows return to normal. Iran is still weighing a U.S. offer to officially end the conflict, Reuters said, but the big sticking points—Washington’s demands on Iran’s nuclear activities and reopening the Strait of Hormuz—are unresolved. “Oil prices will remain elevated,” said Hiroyuki Kikukawa, chief strategist at Nissan Securities Investment.
Gold or Oil? History Shows Which Hedge Protects Capital When Inflation Fear Returns

Gold or Oil? History Shows Which Hedge Protects Capital When Inflation Fear Returns

Gold jumped over 2% on Thursday, with oil jolting wildly off a four-year high—once again, investors are left wondering where to park their money when inflation heats up: bullion’s safety or crude’s surge? History doesn’t offer a tidy answer, though gold typically serves as a shield and oil as a quicker play. Brent crude spiked to $126.41 a barrel—levels not seen since March 2022—before giving up those gains and trading at $113.89 as of 1327 GMT. West Texas Intermediate, which had earlier climbed to $110.93, slipped back to $104.60. The surge followed the ongoing U.S.-Iran conflict, which has left the Strait of Hormuz all but closed and squeezed a supply lane that typically handles about 20% of global oil and LNG shipments. “For those who do not think Brent prices have the potential to reach $150 a barrel, you ought to look away now,” said John Evans at oil broker PVM.
30 April 2026
Natural Gas Price Today Slips Near $2.67 as Storage Cushion Blunts LNG Demand Boost

Natural Gas Price Today Slips Near $2.67 as Storage Cushion Blunts LNG Demand Boost

U.S. natural gas slipped in early trading Tuesday, trimming a portion of its gains from the past four sessions. Traders digested cooler weather projections but kept an eye on robust storage levels. Front-month futures hovered near $2.67 per million British thermal units—down from $2.689 at the last close. The price, measured in mmBtu, reflects a standard heat content in the gas market. This shift stands out right now, with the market deep in the spring “shoulder season”—mild temperatures are dampening both heating and cooling demand. Each adjustment to late-April and early-May forecasts is having a bigger impact than usual, yet it hasn’t been sufficient to push prices out of the low-$2 territory.
Oil Price Week Ahead: Why Brent and WTI Face a Fresh Hormuz Shock

Oil Price Week Ahead: Why Brent and WTI Face a Fresh Hormuz Shock

Oil’s Friday bounce didn’t last long. By Monday, fresh pressure crept in after U.S. President Donald Trump leveled accusations that Iran broke a ceasefire, while Reuters flagged renewed delays for tankers in the Strait of Hormuz. So, crude’s direction at the open rests with Gulf news flow, not supply numbers. Timing proved critical here, with traders recently slashing the war premium—the extra cost built in for supply risk—once Iran announced the strait was open to commercial traffic. Brent finished Friday off $9.01, or 9.07%, at $90.38 a barrel. U.S. West Texas Intermediate lost even more ground, down $10.48, or 11.45%, to $83.85. SEB Research’s Ole Hvalbye pointed out that Europe’s market would remain tight for now, since Gulf barrels need about 21 days to reach Rotterdam. Tamas Varga at PVM Oil Associates flagged the risk that shipments could halt again if sanctions and nuclear negotiations stall.
Oil Prices Today: WTI Settles Above $112 as Hormuz Risk Keeps Brent Near $110

Oil Prices Today: WTI Settles Above $112 as Hormuz Risk Keeps Brent Near $110

Oil finished higher Monday, after a back-and-forth session that saw U.S. West Texas Intermediate close at $112.41 a barrel and Brent at $109.77. Traders juggled signs of a possible ceasefire with the looming threat of new U.S. measures if Iran fails to reach a deal by Tuesday night. The issue right now comes down to more than supply—it's access that traders are watching. The Strait of Hormuz, which typically sees around 20% of global oil and gas shipments, is still mostly blocked. Iran has stood firm on keeping the lane closed for now, demanding a ceasefire before reopening, although a few vessels from nations considered friendly by Tehran have made it through since Thursday. “The most important headline this weekend has been that some ships passed through the strait,” said SEB analyst Ole Hvalbye.
Silver Price Today: Why Silver Slid Nearly 4% as Dollar and Oil Jumped

Silver Price Today: Why Silver Slid Nearly 4% as Dollar and Oil Jumped

Silver slid almost 4% Thursday, pressured by a firmer dollar and surging oil after President Donald Trump announced continued U.S. strikes on Iran, prompting traders to pull back from the metal. Spot silver was off 3.9% at $72.19 an ounce as of 11:22 a.m. EDT. The decline cut into Wednesday’s bounce, leaving silver stuck in a tricky position as macro jitters surface. Sometimes it trades like a safe haven. But with its heavy use in electronics, EVs and solar panels, rate and growth fears can hammer it either way.
2 April 2026
Oil Prices Jump Again: Brent Briefly Tops $116 as G7 Moves to Steady Markets

Oil Prices Jump Again: Brent Briefly Tops $116 as G7 Moves to Steady Markets

Oil whipped around on Monday. Brent crude popped above $116 a barrel before slipping back, while U.S. crude hovered over $103 as traders tried to gauge the risk from escalating tensions in the Middle East and a new G7 push to stabilize the market. As of 12:36 p.m. ET, Brent was down 0.5% at $112.05, after hitting $116.89 earlier. West Texas Intermediate, the U.S. benchmark, moved up 3.5% to $103.09. Robert Yawger, Mizuho’s director of energy futures, pointed out that any Houthi strike on shipping near the southern Red Sea might tack on another $5 to $10 per barrel. Brent crude—the world's reference price for oil—has soared 59% in just this month, marking the steepest monthly climb since the 1990 Gulf War, according to Morgan Stanley. Fed Chair Jerome Powell later said the U.S. central bank could “wait and see” how this conflict-driven energy shock filters through to inflation, pointing to crude’s growing influence beyond just the commodity market.
30 March 2026
Oil Prices This Week: Why Brent Closed Above $112 and WTI Near $100 as Hormuz Risk Deepens

Oil Prices This Week: Why Brent Closed Above $112 and WTI Near $100 as Hormuz Risk Deepens

Oil ended the week on a stronger note Friday. Brent crude, serving as the international benchmark, wrapped up at $112.57 a barrel, while U.S. West Texas Intermediate closed at $99.64. Ongoing skepticism about any ceasefire in the month-old Iran war kept traders on edge. Over the week, Brent edged up roughly 0.3%; WTI advanced more than 1%. Price action stayed choppy throughout. The oil shock isn’t just a futures story anymore. On Saturday, India flagged downside risks to its 7.0%-7.4% growth outlook for the coming fiscal year, starting April 1, citing a jump in freight and energy costs tied to the conflict. About a fifth of global oil passes through the Strait of Hormuz, now disrupted.
28 March 2026
VIX Surges Toward 30, CRB Rises as Iran Oil Shock Rattles Wall Street

VIX Surges Toward 30, CRB Rises as Iran Oil Shock Rattles Wall Street

The VIX, Wall Street’s so-called fear gauge, jumped 8.1% to 29.65 on Friday, following an 8.3% surge the previous day. Meanwhile, the CRB commodity index was up 1.5% on Thursday, according to three related AASTOCKS reports. The VIX tracks expected 30-day volatility for the S&P 500 via options pricing, and the CRB covers a set of 19 commodity futures. The spike in volatility is coming just as raw-material prices climb again, a combination with the potential to hit both stocks and inflation. On Friday, Brent crude gained 2.5% to $110.70, while money markets reflected a roughly 60% probability of a Federal Reserve rate hike this year. Tensions over the Strait of Hormuz—a key corridor for nearly 20% of the world’s oil and LNG shipments—kept traders jittery.
Natural Gas Prices Surge as Europe Rushes to Refill Storage, LNG Stocks Rally

Natural Gas Prices Surge as Europe Rushes to Refill Storage, LNG Stocks Rally

On Thursday, the European Commission called on EU countries to get an early jump on refilling gas storage, ideally starting in April. Officials said supplies aren’t at risk right now, but cautioned that waiting too long could trigger a rush for fuel—especially after European gas prices have surged over 70% since Feb. 28. It’s significant: Europe kicked off the refill season with storage levels at just 28%—well below normal for late March. The Netherlands stood lower still, scraping 6%. Under EU rules, storage is supposed to hit 90% before winter sets in, but there’s some wiggle room; governments can opt for 80% if needed.
Silver Price Today Falls More Than 3% as Oil Surge and Stronger Dollar Hit Bullion (Reuters)

Silver Price Today Falls More Than 3% as Oil Surge and Stronger Dollar Hit Bullion (Reuters)

Silver sank more than 3% Thursday, giving back a chunk of the previous day’s surge. A stronger dollar, plus another lift in oil, stoked fresh inflation fears and sent traders heading for the exits on bullion. By 11:15 a.m. ET, spot silver had dropped 3.2% to $68.97 an ounce. Silver’s behavior is shifting—it’s not acting like the usual safe harbor these days, but instead is moving more in line with assets that react to rate swings. Brent crude pushed up past $105 per barrel again, and the dollar firmed. “Markets are being driven by oil prices,” said Peter Cardillo at Spartan Capital Securities. It’s a tough backdrop for bullion, which offers no yield.
26 March 2026
Gold Price Today: Bullion Slides as Dollar Firms and Oil Surge Dims Rate-Cut Hopes

Gold Price Today: Bullion Slides as Dollar Firms and Oil Surge Dims Rate-Cut Hopes

Gold slid Thursday, unable to hold onto gains from its earlier bounce as a firmer dollar and rising oil prices pushed investors to sell. Spot gold dropped 1.1% to $4,455.51 an ounce as of 1515 GMT. U.S. April futures lost 2.2%, settling at $4,452.20. Typically, gold gets a boost when geopolitical tensions flare. Not so now. With the focus turning to the inflation risk from surging energy costs, yields have climbed, making the dollar look better and putting pressure on gold, which offers no yield. According to Reuters, traders are now betting there won’t be a Fed rate cut this year.
26 March 2026
Gold and Silver Price Today: Gold Falls to $4,451, Silver Slides as Oil Spike Revives Rate-Hike Fears

Gold and Silver Price Today: Gold Falls to $4,451, Silver Slides as Oil Spike Revives Rate-Hike Fears

Gold slid over 1% Thursday, with silver posting an even steeper drop, after oil climbed back above $100 a barrel. Confusion around a U.S. plan to resolve the Iran war fueled inflation and interest-rate worries, pulling traders away from precious metals. The move kept gold and silver weighed down, despite persistent geopolitical tensions. Gold typically serves as a crisis hedge, but this time, the market’s not responding in the usual way. Rising crude prices are stoking bets that central banks hold rates higher—or even hike—which makes the zero-yield metal less appealing.
26 March 2026
Gold Price Today Holds Near $4,409 After Four-Month Low as Oil, Rates Upend Safe-Haven Trade

Gold Price Today Holds Near $4,409 After Four-Month Low as Oil, Rates Upend Safe-Haven Trade

Gold hovered right around $4,409 an ounce on Tuesday, sticking close to levels seen after Monday’s slide to a four-month low. Traders were caught between ongoing tensions in the Middle East and the threat of stubborn inflation and higher rates. By 11:00 a.m. ET, spot gold was almost flat at $4,408.77, with April U.S. gold futures unchanged at $4,409.30. Silver climbed 1.1%, platinum moved up 0.7%, and palladium slipped 1.3%. “If the war continues and energy prices keep grinding higher, it’s not great news for gold,” said Bart Melek, global head of commodity strategy at TD Securities. This shift has teeth: bullion—traditionally a go-to in turbulent times—is getting squeezed by surging energy costs. Oil ticked higher Tuesday, the dollar caught a bid, and yields on the U.S. 10-year pushed up to 4.37%. Tough for an asset like gold, which doesn’t throw off any yield.
24 March 2026
Gold Price Today: Bullion Steadies Near $4,400 After Monday’s Violent Selloff

Gold Price Today: Bullion Steadies Near $4,400 After Monday’s Violent Selloff

Gold hovered just below $4,400 an ounce on Tuesday, still feeling the sting of Monday’s steep drop — one of the biggest turnarounds in years. Traders found themselves squeezed between haven buying fueled by war and a growing worry that surging energy prices could prevent any relief on interest rates. Spot gold eased 0.2% to $4,396.74 as of 0820 GMT, after plunging over 8% the previous session before managing to pare some of those losses. Gold’s slide stands out, especially with tailwinds like crude oil edging near $100 a barrel, the dollar bouncing back, and bond yields climbing. Investors are turning away from gold’s reputation as a haven and zeroing in on its lack of yield—the metal doesn’t pay interest.
24 March 2026
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Stock Market Today

  • BWXT rides nuclear energy demand with 121% jump in commercial segment
    July 1, 2026, 9:56 AM EDT. BWX Technologies (BWXT) reported commercial nuclear revenue up 121% year over year at $283.6 million in Q1 2026, boosted by buying Precision Components Group and steady demand for nuclear parts, fuel, and services. The company's commercial backlog hit $1.72 billion as of March 31, 2026. BWXT, along with Cameco and NuScale Power, is getting a lift from longer reactor lifespans and small modular reactors (SMRs). BWXT's forward price-to-sales ratio is 4.5, well below the sector average of 12.98. Shares have gained 12.6% over six months, lagging the industry's 13.8% move. Analysts expect a 14.76% EPS bump in 2026.
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