Section
Commodities
Oil pushes higher, gold erases gains after US and Iran trade weekend threats
Oil prices pushed higher and gold surrendered its recent gains after Washington and Tehran traded threats over the weekend, the latest blow to a seven-week-old ceasefire that had briefly raised expectations the Strait of Hormuz would reopen.
Gold and silver stall below $4,800 and $80 as Iran MOU meets Fed pause
Spot gold closed Friday at $4,720.45 and silver at $80.38, weekly gains of 1.96 and 5.78 per cent driven by a White House memorandum to Iran. Both metals stalled at resistance after April payrolls printed 115,000, locking the Fed's pause in place.
Gundlach urges 20% cash, 20% commodities as 2026 Fed cuts fade
DoubleLine Capital chief investment officer Jeffrey Gundlach told Bloomberg the Fed will not cut rates in 2026 and that investors should hold 20 per cent in cash and 20 per cent in commodities. He would buy gold below $3,500 an ounce.
Kinross (KGC) Q1 free cash flow tops $840m on doubled gold-price margins
Kinross Gold delivered $837.5 million of attributable free cash flow in Q1 as a $4,873 average realised gold price drove margins per ounce up 92 per cent. Shares jumped about 7 per cent in premarket trading on April 30.
Gold pushes toward $4,800 as oil slide and lower yields fuel rally
Spot gold traded near $4,750 per ounce late Friday, within striking distance of the $4,800 mark, as a sharp selloff in crude oil eased inflation expectations and pulled US Treasury yields lower. The move tees up a test of the 50-day moving average at $4,780.
Wirth says physical oil shortages near, calls Hormuz disruption 1970s-scale
Chevron CEO Mike Wirth told the Milken Institute Global Conference on Monday that physical oil shortages will surface globally and that economies will have to slow, comparing the Strait of Hormuz closure to the 1970s oil crises.
Gold climbs to $4,734, eyes $4,750 breakout as Fed fears ease and central banks keep buying
Gold rose $23.60 to settle at $4,734.50 per troy ounce on COMEX on Friday, positioning the precious metal for a weekly advance as easing fears about aggressive Federal Reserve tightening drew buyers back into the market.
Gold bucks safe-haven status with 14.5 per cent decline since Iran war began
Gold has fallen 14.5 per cent since the Iran conflict started, defying its traditional safe-haven status as the oil shock suppresses rate cut expectations and pushes real yields higher.
Gold heads for 2.1% weekly gain on US-Iran de-escalation hopes
Gold rose to $4,709.89 an ounce on Friday and was on track for a 2.1% weekly gain as growing optimism over a US-Iran resolution lifted the metal, though one analyst said it is trading more like a risk asset than a traditional safe haven.
Silver tops $80 as gold runs to $4,742 on US-Iran memorandum and softer payrolls bid
Spot silver pushed above $80 an ounce on Thursday and gold reached $4,742 in New York after fresh reporting of a US-Iran diplomatic memorandum sent crude lower and pulled the dollar back. The gold-silver ratio compressed from 62.5 to 61 in two sessions.
Brent crude back above $100 as US-Iran clash resumes in Strait of Hormuz
Brent crude settled near $100.06 a barrel on Thursday after fresh fighting between US and Iranian forces in the Strait of Hormuz unwound a one-day rally on ceasefire hopes, with WTI ending near $93.60 and traders rebuilding the war-risk premium they had pared 24 hours earlier.
