Spot gold slid to around $4,072 this week, extending an 11% one-month decline, as Iran deal progress deflated safe-haven demand while oil-driven inflation kept the Fed hawkish.
Tag: commodities
Posted inMarkets
Oil below $65 as OPEC fracture and demand weakness trump Iran risk premium
Brent crude has traded between $60 and $70 per barrel through May despite the Iran war’s ongoing Hormuz disruption, with the UAE’s exit from OPEC and weak global demand growth suppressing the price that Saudi Arabia’s $80 budget breakeven requires.
Posted inMarkets
Gold retreats from its $5,589 record but forecasters still see $5,000 ahead
After hitting an all-time high in January 2026, gold has pulled back roughly 16 percent to trade around $4,700, driven by rising US inflation expectations and growing conviction that the Federal Reserve will keep rates elevated well into 2027.