Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Silver Surges 6.7% on Dollar Weakness, Yet Remains Down Sharply for March
Silver prices rallied sharply on Tuesday, gaining 6.7% as the U.S. dollar weakened and geopolitical concerns showed signs of easing. Despite the daily surge, the metal remains deeply in negative territory for the month of March.
Gold Rebounds 2% But Set for Worst Monthly Drop Since 2008
Gold prices climbed over 2% on Tuesday, yet the precious metal remains on track for its most significant monthly loss since the 2008 financial crisis. Silver surged nearly 5%, and Brent crude oil hovered near $118 a barrel.
Gold Posts March Rebound but Faces Worst Monthly Drop Since 2008
Gold prices climbed in early New York trading Tuesday but remained on track for their steepest monthly decline since 2008. Brent crude oil rose sharply after the Strait of Hormuz was closed due to the Iran conflict.
Oil Soars on Hormuz Closure, Gas Tops $4; Wall Street Eyes $150
Oil prices surged with Brent crude approaching $115 a barrel after an attack on a Kuwaiti tanker closed the Strait of Hormuz, disrupting global supply. The U.S. national average for gasoline has surpassed $4 a gallon.
Michigan Fuel Costs Strain Drivers as National Average Tops $4
Michigan's average gas price remains elevated at $3.915 per gallon, up 92 cents from a month ago, as the national average exceeds $4 for the first time in over three years. Filling a Ford F-150 now costs approximately $102.
Goldman Sachs Holds Firm on $5,400 Gold Forecast Despite March Rout
Goldman Sachs reaffirms its $5,400 per ounce year-end 2026 target for gold, even as the metal posts its steepest monthly decline since 2008. Divergent views from other major banks highlight market uncertainty.
EU Gas Prices Hold Near €54 as Supply Fears Mount Ahead of Winter
European benchmark gas prices remain elevated near €54 per megawatt-hour as EU ministers plan emergency talks. Storage levels are critically low at 28%, with Germany reporting higher inflation driven by energy costs.
Oil Volatility Surges as Middle East Tensions and G7 Action Rattle Markets
Oil prices whipsawed on Monday, with Brent crude briefly surpassing $116 a barrel before retreating, while U.S. West Texas Intermediate gained over 3%. The volatility stems from escalating Middle East tensions and emergency G7 measures to stabilize markets.
Silver Climbs Above $70 Amid Geopolitical Tensions and German Coin Shift
Silver prices reclaimed the $70 level Monday, gaining 1% amid ongoing Middle East conflict and shifting rate expectations. Germany announced a significant reduction in silver content for its collector coins.
Gold Rebounds on Geopolitical Fears, Still Faces Worst Monthly Drop Since 2008
Gold prices advanced Monday as Middle East tensions fueled safe-haven buying, though the metal remains on track for its steepest monthly decline since the 2008 financial crisis.
Oil Surges on Middle East Escalation, Brent Eyes Steepest Monthly Gain Since 1988
Oil prices surged Monday with Brent crude approaching $116 a barrel, set for its largest monthly gain since 1988, as military hostilities in the Middle East intensified and threatened critical global shipping routes.
Oil Prices Surge as Hormuz Disruption Sparks Record Supply Shock
Brent crude surged past $112 a barrel as the International Energy Agency warned of a historic supply shock due to constrained Strait of Hormuz shipments. Traders are bracing for prolonged disruptions ahead of a key OPEC+ meeting.