Section
The latest commodities coverage from the TrustFinance editorial desk.
A strategist at Citadel Securities is advocating for adding structural exposure to gold, citing a rare convergence of five catalysts including dovish Fed expectations and bullish market positioning.
Strategists at UBS have reiterated their forecast for gold to hit $5,000 per ounce by the first half of 2027, citing expectations for lower real yields, a weaker U.S. dollar, and sustained central bank demand.
Right-wing lawyer Abelardo De La Espriella has been sworn in as Colombia's president, promising a security crackdown and market-friendly reforms. Investors are cautiously optimistic, weighing his agenda against a high fiscal deficit and a divided congress.
Crude oil prices have retreated on signs of a potential U.S.-Iran deal to reopen a key waterway, while investors also digest a mixed corporate earnings season and look ahead to the July nonfarm payrolls report.
Benchmark European natural gas prices recorded a second consecutive weekly decline as diplomatic efforts in the Middle East soothed supply fears, though low storage levels and shipping delays provided a floor for prices.
Spot silver prices jumped nearly 5% to their highest level in about a month, buoyed by signs of diplomatic progress in the Middle East and falling expectations for a near-term Federal Reserve interest rate hike.
Benchmark European natural gas prices rose more than 2% on Thursday, as persistent LNG supply bottlenecks and alarmingly slow storage injections overshadowed tentative diplomatic progress in the Middle East.
Paris-based wheat futures fell on Thursday, with the December contract dropping 1.7%, as traders' focus shifted from geopolitical risks in the Black Sea to the prospect of sufficient global grain supplies. The move followed a similar decline in Chicago wheat futures.
Crude oil benchmarks extended sharp gains after reports that Iran is drafting legislation to bar U.S. and Israeli vessels from the critical Strait of Hormuz, reigniting geopolitical supply fears.
