Commodities News

Oil prices advanced as mounting security incidents near the Strait of Hormuz and wider Middle East tensions increased concern over export disruptions.

Gold moved higher after softer U.S. employment data reduced expectations for an October Federal Reserve rate increase, while a firm dollar capped gains.

Saudi Aramco’s chief executive warned that global oil inventories are unusually tight and could take up to two years to rebuild.

OPEC+ left its November production targets unchanged while conflict-related export disruptions and underproduction by Gulf members keep physical supply conditions unusually tight.

Crude prices surged as reports of a third US carrier group and up to 10,000 additional troops revived fears of a wider supply disruption.

Washington has asked Europe to release 120 million barrels of diesel over six months as supply disruptions tighten global fuel markets.

South Korea is set to invest about $54 billion in the Alaska LNG project as part of a wider $200 billion US strategic investment program.

Dutch TTF gas rose after a two-session pullback as traders weighed Hormuz LNG risks, Norwegian maintenance and Europe’s winter inventories.

Crude exports from major Middle East producers rose to their highest level since the Iran war began, led by a sharp recovery in Saudi and UAE shipments.

Gold extended its decline in Asian trade as a stronger dollar, elevated yields and expectations for further Federal Reserve tightening pressured XAU/USD.

Northern Star Resources rejected an unsolicited Gold Fields takeover proposal, arguing the mix of cash and stock undervalued the Australian gold producer.

Fresh U.S.-Iran tension over the Strait of Hormuz has put geopolitical risk back in focus for XAU/USD as Tehran combines military warnings with calls for diplomacy.

EU officials urged continued storage injections and lower gas use as Middle East turmoil lifts prices and leaves reserves below their usual seasonal level.

XAU/USD remained under pressure as higher U.S. yields, a firmer dollar and expectations for further Federal Reserve tightening outweighed safe-haven support.

Brent crude oil and WTI crude oil pulled back as traders weighed reports of a phased U.S.-Iran path that could reopen the Strait of Hormuz against still-significant regional supply risks.

Silver traded between $63.84 and $68.06 on September 24, 2026, last at $63.84 (-3.17%), as Endeavour Silver slides on Guanacevi mill setback as CIBC downgrades.

Gold traded between $4,275.11 and $4,338.00 on September 24, 2026, last at $4,275.11 (-1.00%), as gold breaks $4,320 support, bears target $4,261.

Oil benchmarks stay firm near the $102 level while political tensions around Hormuz persist, with broader markets watching yields and geopolitical headwinds as a twin test for risk assets.

Gold traded between $4,287.18 and $4,407.50 on September 23, 2026, last at $4,287.18 (-2.04%), as gold holds $4,311 support as momentum fades.

Endeavour Silver fell after news of a Guanacevi mill setback and a downgrade from a major broker, making it the leading TSX decliner with a 12.2% drop.

Gold traded between $4,327.60 and $4,414.10 on September 22, 2026, last at $4,358.19 (-0.59%), as gold trapped in tight range near $4,394.

Silver traded between $66.20 and $67.56 on September 22, 2026, last at $67.06 (+0.75%), as Capstone Copper to sell Cozamin mine to Luca Mining for up to $385.

Gold traded between $4,343.07 and $4,422.10 on September 21, 2026, last at $4,343.07 (-1.85%), as Artemis Gold to acquire Vista Gold in $427M all-stock deal.

Capstone Copper has reached an agreement to divest its Cozamin copper-silver-zinc-lead mine to Luca Mining for as much as $385 million, marking a strategic move for the company and a key asset transfer for Luca Mining.

Artemis Gold plans to buy Vista Gold in an all-stock transaction valued at $427 million, prompting a surge in Vista Gold shares as investors react to the valuation and deal terms.

After seven years, talks over custody of Venezuela’s 31 tons of gold held abroad appear to move toward a conclusion, as Caracas seeks control of its bullion.

Following the Federal Reserve's latest decision, Goldman Sachs increased its target for gold, signaling a change in the market environment for buyers and traders.

Gold traded between $4,372.20 and $4,439.80 on September 18, 2026, last at $4,380.92 (-0.43%).

Gold traded between $4,294.50 and $4,423.30 on September 17, 2026, last at $4,341.61 (-1.05%).

JPMorgan analysts highlight a favored set of gold mining stocks amid optimism for the sector and flag a potential for bitcoin to attract more support than gold if ETF hedging conditions ease.