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The latest commodities coverage from the TrustFinance editorial desk.
Oil prices surged in early Asian trading, with Brent crude topping $90 a barrel for the first time in over five weeks, following a weekend of escalating military strikes between the United States and Iran.
Oil prices surged over 3% on Monday, with international benchmark Brent crude topping the key $90 per barrel level for the first time since mid-June. The rally is fueled by escalating military actions between the U.S. and Iran that are threatening crude shipments through the critical Strait of Hormuz.
A Russian ballistic missile barrage struck Ukraine's capital early Sunday, killing at least one person and injuring nine, according to officials. The attack damaged residential and commercial properties, heightening geopolitical tensions monitored by global markets.
Iran's Supreme Leader Mojtaba Khamenei said Saturday that U.S. breaches of a bilateral agreement show President Trump's signature is 'worthless,' escalating rhetoric after a recent ceasefire collapse.
Gold prices have fallen to an eight-month low of $3,942 per ounce, a sharp 27.7% correction from the all-time high set five months ago, as a hawkish Federal Reserve and inflation fears pressure the metal.
Spot liquefied natural gas prices in Asia have climbed for the fourth consecutive week, reaching their highest level since March, as escalating military actions in the Gulf raise concerns over supply disruptions through the Strait of Hormuz.
Global equity markets are facing a dual challenge as a sharp sell-off hits semiconductor stocks amid concerns over the AI investment cycle, while escalating military conflict between the U.S. and Iran has yet to trigger a major spike in oil prices.
Goldman Sachs analysts believe a multi-year trend of reserve diversification by central banks is creating a solid support level for gold prices, despite near-term pressure from hawkish Federal Reserve expectations.
Russian authorities have detained a blogger and fined an anti-war politician, escalating a crackdown on dissent ahead of the country's September parliamentary elections.
