[MARKET ANALYSIS] Commodities are mixed with crude rangebound amid the current geopolitical backdrop, while precious metals pulled back amid a firmer dollar
Commodities are exhibiting mixed performance, with crude oil remaining rangebound due to ongoing geopolitical uncertainty, which is preventing significant price movement.
US President Trump posts "Wow! Gavin Newscum just dropped out of the Presidential Race!!!"
US President Trump says top general Dan Caine predicts an easy victory over Iran, which is at a contrast to recent comments by Caine, according to NYT
[MARKET ANALYSIS] Commodities are mixed with crude rangebound amid the current geopolitical backdrop, while precious metals pulled back amid a firmer dollar
South Korean government to provide KRW 320bln for development of advanced shipbuilding technologies
China MOFCOM adds 20 Japanese companies including Mitsubishi Heavy Industries to its export control list for military activities which bans exports of dual-use items, while it will add another 20 groups to a watch list
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WTI/Brent: WTI Apr'26 +0.2% / Brent May'26 +0.2%
- Oil futures are kept afloat in rangebound trade following the prior day's two-way price action, with the crude benchmarks tentative amid the ongoing geopolitical uncertainty.
Gold: -1.1%
- Faded some of the prior day's firm advances after briefly returning to above the USD 5,200/oz level, with pressure seen in tandem with a 3% slump in silver as the dollar strengthened.
Copper: +1.3%
- Climbed higher with an uplift seen as the red metal's largest buyer returned to the market for the first time in over a week
Meanwhile, precious metals like gold and silver are pulling back in response to a stronger dollar, indicating a typical inverse relationship between currency strength and commodity prices. The uptick in copper suggests stronger demand amid a return of its largest buyer, which may point to improved outlooks in related sectors.
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