Commodities

Gold extends the pullback after the mixed NFP, but the focus remains on the CPI report

Gold recovered some losses in the final part of last week following the slightly dovish repricing triggered by the mixed NFP report. What's next?

Giuseppe Dellamotta

gold South China Morning Post 06 July 2026

Hong Kong pension fund to ease rules on gold ETF investment, source says

Hong Kong's pension fund is about to get a lot more gold-friendly.

Eamonn Sheridan

Oil glut could weaken Iran's Hormuz leverage as stocks slowly refill

The world can buy oil again, it just can't buy it back fast enough to change the politics yet.

Eamonn Sheridan

Wall Street splits on gold as forecasts range from $4,800 to $6,000

Goldman Sachs said gold's sharp four-month decline does not mean its long-term bull case is over. Maintains its $4,900/oz target by end-2026

Eamonn Sheridan

Iran explores oil sales to Japan as buyers seek longer sanctions waiver

Japan hasn't bought Iranian oil in years, but Tehran is asking again.

Eamonn Sheridan

The AUS and the NZD were the weakest of the major currencies vs USD today

Modi says India to keep expanding refining as West shuts capacity

While the West shuts refineries, India just opened one of the biggest bets of the decade.

Eamonn Sheridan

Weekend - Ships U-turn in Strait of Hormuz as Iran asserts control over route

Tankers keep testing the Strait of Hormuz, and Iran keeps testing them back.

Eamonn Sheridan

Weekend - TotalEnergies CEO says Gulf producers discounting crude to clear stockpiles

Crude is getting cheaper by the day, but nobody told gasoline and diesel yet.

Eamonn Sheridan

Weekend - Iran to offer China special Hormuz fee terms, envoy says amid strait talks

Iran wants to charge for Hormuz passage, and it's already picking favourites.

Eamonn Sheridan

Weekend - Cargo ship attacked in Red Sea off Yemen as Houthi ceasefire holds shakily

A quiet stretch of Red Sea shipping just got a reminder of how fragile it still is.

Eamonn Sheridan

OPEC+ approves further output hike as Hormuz exports recover, oil falls

OPEC+ keeps adding barrels just as the market starts worrying there may be too many of them.

Eamonn Sheridan

Gold shines on the US holiday

Gold up $53 to close out the week

Adam Button

Canada - PM Carney confirms southern Trans Mountain route for new Alberta pipeline

Carney unveils terms for a new Alberta-to-Pacific pipeline running south through Trans Mountain, with Pembina on board and Pathways financing settled.

Eamonn Sheridan

Saudi Hormuz oil shipments surge as post-war tanker backlog clearing (still below pre-war)

Saudi Hormuz shipments have more than doubled as the kingdom clears a war-era tanker backlog and restarts Gulf export logistics.

Eamonn Sheridan

UBS slash oil price forecasts sharply, Q3 down $25. Oil recap - Doha encouragement.

Oil steadies as easing Hormuz tensions collide with fresh forecast cuts from the banks.

Eamonn Sheridan

Gold shows some life in a $100 rally to the highest since June 23

Gold up $100 in its best day in three weeks

Adam Button

Silver stays rangebound above a key trendline as focus shifts to the US NFP report

Silver has been consolidating above a key trendline for more than a week as traders shifted their focus to the key US data after the hawkish repricing reached a near-term peak

Giuseppe Dellamotta

Gold extends the consolidation as traders await the US NFP report. What's next?

Gold recouped all the losses experienced in the first part of the week as traders eye the US NFP report before the long weekend

Giuseppe Dellamotta

Recap: US, Iran end Doha talks with no breakthrough as Hormuz status stays unclear

The ceasefire is holding just enough to talk, but not enough to settle who controls the Strait of Hormuz.

Eamonn Sheridan

WSJ: Trump weighs all-out war on Iran but opts to stick with talks

Trump is keeping the bombing option loaded but holstered, betting talks can still get him the deal he wants.

Eamonn Sheridan

Oil: Private inventory survey shows a headline crude oil draw greater than expected

This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.

Eamonn Sheridan

Gold consolidates around the 4,000 level as traders await the US NFP and CPI reports

The bearish momentum in gold has waned recently as the hawkish repricing reached a near-term peak and traders are now waiting for the key US data for the next direction

Giuseppe Dellamotta

Gold futures today with analysis and outlook how to trade at investingLive.com

Gold Analysis Today: Gold Futures Test 3,989-3,995 Decision Zone

Gold futures remain under pressure below 4,000, but today’s gold analysis focuses on 3,989-3,995 for bullish repair and 3,971 for bearish continuation.

Itai Levitan

Oil prices hover around pre-war levels as focus turns to the US data and the Fed

WTI crude oil is consolidating around pre-war levels as traders are likely waiting for fresh catalysts for the next direction

Giuseppe Dellamotta

Precious metals struggle to find much comfort, gold down by over 1% on the day

Gold eyes another test of the $4,000 mark this week

Justin Low