Newsquawk Logo

[MARKET ANALYSIS] Haven bid boosts XAU to new ATHs; Crude reverses earlier losses as geopols remain key driver

Geopolitical tensions are intensifying, particularly with the Iranian President's threats, leading to a strong haven bid in precious metals, which have reached all-time highs.

Newsquawk StaffPublished On the live feed at — 2 more headlines followed before this page went public
Newsquawk headlinesUTC

South Korea's President Lee said they have signed an MOU for chips and AI with Italy's PM Meloni

Baidu (9888 HK) rolls out their fully driverless robotaxi services in Abu Dhabi via the AutoGo app

[MARKET ANALYSIS] Haven bid boosts XAU to new ATHs; Crude reverses earlier losses as geopols remain key driver

Fitch says China's stimulus stabilises markets but is unlikely to revive property demand

Micron (MU) says 'unprecedented' memory shortage is to last beyond 2026

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
  • Crude futures gapped lower at the start of the APAC session, with WTI Mar’ and Brent Mar’ dipping below USD 59/bbl and USD 64/bbl respectively, before paring back losses and moving into the green as Iranian President threatens an all-out war if the Supreme Leader is attacked.
  • Precious Metals extend on ATHs, with spot XAU peaking to a record of USD 4691/oz while spot silver touches USD 94/oz, as the need for safe assets rise as trade tensions re-emerge between Europe and the US.
  • Base Metals trade mixed, with iron ore falling for a fifth straight day as China confirms its drop in steel production. However, 3M LME Copper has partially rebounded from Friday’s losses, nearing USD 13k/t, despite the risk-off tone.
Context

Crude oil has seen a recovery after initial declines, as traders react to these developments; the interplay of these factors suggests a flight to safety amid uncertainty regarding trade relations between the US and Europe.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.