[MARKET ANALYSIS] Oil remains firm on geopolitical risks, while gold reclaimed the USD 5,000/oz status

WTI/Brent: WTI Mar'26 +1.3% / Brent Apr'26 +1.2%

• Oil remains firmer with the energy complex supported by increased US-Iran tensions after the US shot down an Iranian drone, while the latest private sector weekly inventory data showed a substantial surprise drawdown of over 11mln bbls.

Gold: +2.1%

• Continued its firm rebound, which helped the precious return to above the USD 5,000/oz level.

Copper: Flat

• Plateaued overnight after the prior day's rally and with price action contained amid the mixed risk appetite in Asia.