The national average for diesel fuel has surpassed $6.50 per gallon, according to AAA, as geopolitical tensions and limited refining capacity tighten global supplies and add to inflationary pressures.
UBS has raised its near-term price targets for palladium, citing a tightening physical market as global mine production shrinks and automotive demand proves resilient.
Bernstein has reduced its long-term gold price target due to revised interest rate expectations but remains bullish on the metal, citing resilient performance and strong, ongoing demand from central banks.
UBS strategists predict silver will rise significantly, benefiting from the same drivers as gold, such as fiscal concerns and a weaker dollar. The bank forecasts prices could reach $80 per ounce by late 2027, citing robust industrial and investment demand.
Soybean and corn prices gained Monday on optimism for increased Chinese agricultural purchases ahead of a key U.S.-China leadership meeting. Wheat futures also rose amid escalating conflict in the Black Sea region.
Soybean prices on the Chicago Board of Trade rose Monday as the market's attention turns to a high-stakes meeting scheduled for this week between US and Chinese leaders. The outcome could have significant implications for agricultural trade.
Brent crude oil is hovering precariously above the key psychological $100 per barrel mark, with a series of bearish technical indicators suggesting a potential for a deeper price correction if the support level fails.
Silver prices have entered a consolidation phase, trading in a narrow range as momentum indicators weaken. Traders are closely watching critical support and resistance levels for the next directional breakout.
West Texas Intermediate crude oil prices are approaching a critical technical support level at $91.58 per barrel amid a strong downtrend. Technical indicators suggest that selling pressure remains dominant, with further downside possible if the support level is breached.
