Section
The latest commodities coverage from the TrustFinance editorial desk.
Global markets face an uneasy calm as U.S. bond yields remain near multi-decade highs ahead of a key Treasury auction, while a Chinese robotics firm's stock surged approximately 600% in its market debut.
Strategists at UBS have introduced a new long-term price target for gold, forecasting the precious metal could reach $5,400 per ounce by September 2027. The bank's outlook is based on expectations of falling real interest rates, sustained investment demand, and a weaker U.S. dollar.
The refining margin for diesel has surged past a record $100 per barrel, driven by geopolitical tensions and supply disruptions. This spike is fueling inflation concerns and, combined with a surge in AI-related corporate debt, is pushing long-term U.S. Treasury yields toward 5%.
Crude oil prices rose for a fourth consecutive day, reaching near three-week highs, as a U.S.-Iran standoff disrupts shipping in the critical Strait of Hormuz and U.S. inventories show signs of tightening.
Spot silver prices surged as the expiration of a U.S.-Iran diplomatic agreement fueled safe-haven demand, while cooling expectations for a Federal Reserve rate hike provided additional support.
Gold prices found support from a weaker U.S. dollar and a pullback in Treasury yields, as traders awaited the release of the Federal Reserve's latest meeting minutes for clues on monetary policy.
Wells Fargo Investment Institute has lowered its 2026 and 2027 gold price targets, marking its third downward revision this year amid pressure from a hawkish Federal Reserve and a resilient U.S. dollar.
European natural gas futures fell on Wednesday, snapping a five-day winning streak as traders took profits. The pullback follows a rally driven by escalating Middle East tensions that pushed benchmark prices to their highest level since March.
Strategists at UBS have extended their gold price forecast, setting a new target of $5,400 per ounce by late 2027, citing an expected decline in real interest rates and sustained investor demand. The bank identified a potential Federal Reserve rate hike as the primary risk to its bullish outlook.
