Geopolitical tensions, notably around Venezuela, are lifting hard assets as oil, gold, silver and copper rally, fueling talk of a 2026 commodities supercycle driven by inflation dynamics, AI-related capex, and evolving monetary policy expectations.
Global markets experienced a pause in their record stock rally amid signs of overheating, geopolitical tensions, and economic data, with Asian stocks slipping and commodities like oil and precious metals declining, while US and European futures showed cautious trading.
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.
Silver and gold are expected to face near-term selling pressure due to a reweighting of the Bloomberg Commodity Index, following a record-breaking rally last year.
2025 was a highly volatile year for markets, marked by dramatic events such as the launch of Trump family crypto tokens, a $1 trillion tech sell-off triggered by DeepSeek AI, a crypto crash post-Trump election, Trump's tariffs causing a market plunge, and Tesla's significant stock fluctuations, culminating in a year of intense market swings across stocks, crypto, and commodities.
Stocks remained rangebound ahead of the Fed minutes, with global equities on track for a third straight year of gains, while precious metals like silver and gold rebounded after recent declines. The Chinese yuan strengthened past 7 per dollar for the first time since 2023, and investors are cautiously optimistic about the new year amid stable to rising US Treasury yields and geopolitical tensions affecting oil prices.
Silver prices surged past $80 for the first time ever, then experienced a dramatic reversal, falling over 3% overnight, despite being up more than 155% this year due to geopolitical tensions, inflation hedging, and industrial demand.
Global stocks rose, driven by AI-fueled gains and a year-end rally, while silver surged past $80 an ounce amid speculative trading and supply-demand mismatches, with metals markets showing signs of a potential bubble. Geopolitical tensions and central bank policies continue to influence market dynamics, with investors eyeing rate cuts and economic growth in 2026.
US stocks remained near record highs amid a holiday rally, with Nvidia gaining on a positive AI licensing deal, while commodities like gold and silver hit new records. The market is optimistic about a Santa Claus Rally and continued gains into 2026, supported by easing inflation and improving market breadth, despite some sector-specific declines and geopolitical tensions. Corporate earnings prospects are also boosting confidence for further growth.
Asian stocks are set for a muted open during holiday trading, with markets rallying on optimism about economic growth and corporate earnings, while gold and silver hit record highs amid geopolitical tensions and dollar weakness. The global markets continue to show resilience with positive momentum in equities, commodities, and currencies, despite holiday closures and mixed economic signals.
Asian stock markets rose driven by Wall Street's tech gains, while the yen hit all-time lows against the euro and Swiss franc amid rising interest rates and speculative selling. The US economy is expected to show strong growth in Q3, but investor sentiment is extremely bullish, raising caution of a potential reversal. The yen's decline prompted warnings of intervention, and commodities like silver and oil saw notable gains.
US stock futures rose, indicating a potential continuation of the seven-month rally driven by strong tech earnings and easing US-China trade tensions, despite mixed economic signals and geopolitical uncertainties. Commodities like gold and oil also saw movements influenced by policy changes and OPEC decisions, while markets await key central bank meetings and economic data amid ongoing US government shutdown concerns.
Global markets experienced mixed performances with stocks fluctuating, gold prices falling sharply after a strong rally, and geopolitical tensions adding uncertainty. Investors are cautious ahead of key central bank meetings, while economic stimulus plans in Japan and oil price increases due to supply risks also influenced market movements.
Asian stocks were volatile as commodities paused after recent gains, with regional markets outperforming the US, and the yen weakening amid political and monetary policy uncertainties in Japan. Gold and silver saw slight declines after breaching key levels, while Chinese stocks fell due to expanded rare earths export controls. US markets showed signs of exhaustion after a strong rally, with traders anticipating a potential Fed rate cut.