Daily Commodities: Oil and Gold Futures Pre-Open
Markets expected to open cautiously with focus on flow data and analyst calls
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Markets expected to open cautiously with focus on flow data and analyst calls
Daily update on oil, gold, copper and agricultural commodities, futures point to cautious open
US markets closed for July 4 observance, CME halts at noon ET, WTI crude hovers near $69, gold strengthens to $4,178
WTI near $70, Brent at $73.3; gold falls to $4,060/oz; grains mostly lower
WTI trades near $75/bbl after steep declines; gold climbs back above $4,190; winter wheat weakens as disappointing harvest begins
Strait of Hormuz reopening drives crude lower, gold hit by hawkish Fed repricing, grains weaken on ample supply
WTI drops ~5% to $80 on historic US-Iran ceasefire and Strait of Hormuz reopening; gold jumps 2.2% to $4,317; grains drift lower post-WASDE
WTI crude drops toward $86 as Trump signals a potential deal with Iran that could reopen the Strait of Hormuz; copper rallies on industrial demand optimism
WTI crude hits $94.33 as Iran launches missiles at Israel and Israel strikes back, Gold falls below $4,330 as risk-off sentiment bypasses safe havens
Brent hovers near $95 ahead of OPEC+ meeting, gold trades around $4,450 after a third straight monthly decline
WTI crude jumps above $90 as Israel escalates Lebanon operations; gold holds key support amid mixed signals
WTI near $88.5, gold breaks above $4,550, and Bernstein's new analysis points to a structural floor for crude
Brent trades at $98.27 amid cautious Iran deal optimism; gold climbs 1.2% to $4,564
Brent holds elevated on Hormuz disruption, gold under pressure from inflation and a strong dollar, agricultural commodities surge on drought and hedge fund positioning
WTI at $105.42, Gold at $4,562, Silver at $77.55; Wheat falls to $6.36 per bushel
Brent hits $109.26/bbl, WTI $105.42/bbl as supply fears mount; gold drops ~3% on hot inflation and rising yields
Asian refiners step in with spot purchases while Vitol offers Iraqi Basrah crude outside the Persian Gulf
WTI breaks above $102 for the first time in weeks; Brent near $107 as geopolitical risks dominate