Gold and Oil React to Geopolitical Tensions and U.S. Actions
TL;DR Summary
Oil prices experienced volatility due to geopolitical tensions in Venezuela, while gold and silver prices rose as safe havens amid macroeconomic uncertainty. Copper hit a record high driven by supply concerns and tariff uncertainties. Meanwhile, agricultural commodities like coffee and cocoa saw mixed movements influenced by export surges and weather conditions.
- The Commodities Feed: Geopolitical events have oil gyrating, gold rising ING THINK economic and financial analysis | ING Think
- Deep in the vaults: the Bank of England’s £1.4bn Venezuelan gold conundrum The Guardian
- Gold Steadies as Traders Look Past Geopolitical Risk to US Data Bloomberg.com
- Why Gold and Silver Are Getting a Boost From Arrest of Venezuela’s Maduro Barron's
- Gold hits one-week high after U.S. strikes in Venezuela CNBC
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