The Commodities Feed

Oil prices have rallied following renewed US-Iran tensions, while gold prices have declined due to firmer US Treasury yields. Markets remain focused on upcoming USDA agricultural reports and US Federal Reserve policy signals.

Key Takeaways

• 1.Oil prices rose due to escalating tensions between the US and Iran in the Persian Gulf, threatening energy transit through the Strait of Hormuz.
• 2.
• 3.Gold prices are retreating as treasury yields firm and investors reassess US monetary policy expectations.

Table of Contents

• Energy - US oil inventories continue to decline
• Metals - Gold extends losses amid stronger yields
• Agriculture - All eyes on the WASDE

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