[MARKET ANALYSIS] Crude futures retreated with US-Iran talks to continue, while gold briefly reclaimed the USD 5,000/oz status
Following constructive US-Iran talks, crude futures have declined as negotiations are set to continue, which may signal potential shifts in supply dynamics.
Japanese Finance Minister Katayama says will not comment on FX levels, but noted that recent yen moves are somewhat rapid and one-sided
Hong Kong court sentences media tycoon Jimmy Lai to 20 years in jail
[MARKET ANALYSIS] Crude futures retreated with US-Iran talks to continue, while gold briefly reclaimed the USD 5,000/oz status
Indonesian Motorbike Sales YoY (Jan) Y/Y 3.1% (Prev. 14.5%)
PBoC injects CNY 113bln via 7-day reverse repos with the rate at 1.40%
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WTI/Brent: WTI Mar'26 -0.6% / Brent Apr'26 -0.6%
- Oil futures declined at the open following last week's US-Iran talks, which Iran's Foreign Minister described as a 'good beginning' and with talks set to continue early this week.
Gold: +0.6%
- Resumed last Friday's rebound and briefly returned to above the USD 5,000/oz level amid a softer dollar, while recent data showed the PBoC increased its gold reserves for a 15th consecutive month.
Copper: Flat
- Trades indecisively and wiped out its initial gains despite the heightened appetite for risk.
Meanwhile, gold's brief return above USD 5,000/oz indicates strong demand amidst a weaker dollar and ongoing reserve increases by the PBoC, highlighting investor preference for safe-haven assets in uncertain geopolitical times. Watch how these developments influence energy and precious metals markets as they could reshape sentiment across related assets.
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