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Commodities 12 January 2026 - 16 January 2026

Crude oil price today: Brent, WTI rebound after 4% drop as Iran strike fears ease

Crude oil price today: Brent, WTI rebound after 4% drop as Iran strike fears ease

Oil prices nudged up on Friday, recovering after a steep drop the previous day as traders balanced persistent supply concerns with dwindling hopes of imminent U.S. military strikes on Iran. By 1000 GMT, Brent crude climbed 50 cents, or 0.78%, reaching $64.26 a barrel and looked set for its fourth weekly gain. U.S. West Texas Intermediate rose 48 cents, or 0.81%, to $59.67. Analysts at BMI flagged that Iran’s political unrest could trigger “greater volatility,” while IG noted any flare-up would shift focus back to the Strait of Hormuz, a crucial route for around 20 million barrels daily.
Gold price slips from record, nudging GLD and Newmont lower in early trade

Gold price slips from record, nudging GLD and Newmont lower in early trade

Gold-linked ETFs and miners slipped Thursday as bullion eased off record peaks. SPDR Gold Shares dropped 0.5%, VanEck Gold Miners ETF lost 0.3%, and Newmont edged down 0.1% in early New York hours. Spot gold slid 0.3% to $4,607.59 an ounce by 9:32 a.m. ET, after hitting $4,642.72 the day before. Meanwhile, U.S. February futures fell 0.5% to $4,612.50. The retreat came as the dollar climbed, pushing the dollar index to its highest level since Dec. 2, driven by jobless claims beating forecasts and President Donald Trump’s softer stance on Iran. Trump also said he has no plans to fire Federal Reserve Chair Jerome Powell. “The dollar index is at a multi-week high and that’s providing a bit of a headwind for gold,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.
Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell

Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell

Crude oil prices tumbled more than 3% on Thursday after U.S. President Donald Trump said killings in Iran’s crackdown on protests were stopping, easing fears of a supply shock. Brent was down $2.19 at $64.33 a barrel and U.S. West Texas Intermediate fell $2.06 to $59.96, while Saxo Bank’s Ole Hansen said “the immediate risk premium has softened but is unlikely to go away.”
Gold price hits another record — what GLD and gold stocks are doing before the open

Gold price hits another record — what GLD and gold stocks are doing before the open

Gold hit a new high on Wednesday as tensions in Iran and doubts about the Federal Reserve’s independence pushed investors back into safe-haven assets. Spot gold rose 0.9% to $4,627.72 an ounce by 1001 GMT, after earlier peaking at a record $4,639.48. Meanwhile, silver climbed past $90 for the first time. Jamie Dutta, chief market analyst at Nemo.money, said the metals are benefiting from their “well-known haven characteristics.”
Silver price nears $90, lifting SLV stock after-hours as CPI and CME margin shift hit traders

Silver price nears $90, lifting SLV stock after-hours as CPI and CME margin shift hit traders

Silver hit another peak Tuesday, with silver-related stocks gaining after the U.S. market closed. The iShares Silver Trust rose roughly 1.8% in after-hours trading. Spot silver hovered near $86.94 an ounce, marking a 2.1% increase on the day after briefly reaching $89.13, according to Investing.com.
CPI Watch: Stock Futures Dip as Powell Subpoena Fight Keeps Gold Above $4,600

CPI Watch: Stock Futures Dip as Powell Subpoena Fight Keeps Gold Above $4,600

U.S. stock index futures slipped in early trading Tuesday as investors awaited the consumer price index data and the initial batch of major bank earnings. The markets remain unsettled by the Justice Department’s probe involving Federal Reserve Chair Jerome Powell. S&P 500 futures dropped 0.1%, Nasdaq futures lost 0.3%, while Dow futures edged down roughly 0.1%.
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