March WTI crude oil (CLH26) today is up +2.06 (+3.30%), and March RBOB gasoline (RBH26) is up +0.0438 (+2.29%). Crude oil and gasoline prices are sharply higher today on geopolitical risks.  The likelihood of the Russian-Ukrainian war continuing will keep restrictions on Russian crude and limit global oil supplies.  Also, concerns remain that a conflict between the US and Iran could put crude flows through the Middle East at risk, which is supporting oil prices.  In addition, signs of US economic resilien ...

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March WTI crude oil (CLH26) on Wednesday closed up +0.67 (+1.05%), and March RBOB gasoline (RBH26) closed up +0.0197 (+1.01%). Crude oil and gasoline prices settled higher on Wednesday, with crude posting a 1.5-week high and gasoline posting a 2.75-month high.  Escalating US-Iran tensions are underpinning crude prices after the Wall Street Journal on Wednesday said the US is considering seizing tankers with Iranian crude, and Axios reported that the US could send a second aircraft carrier strike group to ...

(Bloomberg) — Gold (GC=F) climbed above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals. Bullion rose as much as 1.7% in Asian trading on Monday, recovering some more ground after a historic rout at the end of last month. The metal has recovered around half of the losses sustained since it plunged from an all-time high hit on Jan. 29. Silver also advanced. Most Read from Bloomberg Gold’s ability to stabilize above the $5,000 threshold “will ...

Gold and silver rebounded after a historic collapse from all-time highs lured dip-buyers back to precious metals. Spot gold climbed as much as 7.1% to more than $4,990 an ounce, recovering somewhat from its worst rout in more than a decade. Silver rose more than 12% — trading above $89 an ounce — as a risk-on tone returned to wider markets and the US dollar weakened. Most Read from Bloomberg The two precious metals soared last month in a rally underpinned by speculative momentum, geopolitical upheavals ...

Core Viewpoint - Gold prices experienced their largest decline since October, falling from a record high of over $5,500 per ounce due to a risk-off sentiment among investors, leading to a selloff in metals as they sought to cover losses in other asset classes like equities [1] Group 1: Market Dynamics - The movement of gold and silver is influenced more by capital allocation and momentum rather than traditional fundamentals, according to Max Layton, Global Head of Commodities Research at Citi [1] - Geopolitical risks, economic uncertainty, a weaker dollar, and concerns over deficits and tariffs are driving investors towards precious metals [1] Group 2: Expert Insights - Max Layton discussed these trends on "Bloomberg Markets" with Scarlet Fu, highlighting the current market sentiment and its impact on precious metals [1]

Core Insights - Gold prices have surged to a record high above $5,400 an ounce, driven by expectations of monetary easing and a shift away from sovereign bonds and currencies [1] - The potential appointment of a more dovish Federal Reserve chair is influencing market sentiment towards gold [2] - Gold has increased approximately 25% this year, with silver rising 63% during the same period [3] Group 1: Market Dynamics - The new monetary chief at the Federal Reserve may favor more easing later in the year, despite current interest rates being unchanged [1] - Heightened geopolitical risks and a weakening dollar have led to increased investment demand in precious metals [3] - Expectations of a less independent and more dovish Fed are driving rapid allocations to gold, particularly from retail investors [5] Group 2: Price Movements - Gold rose 4.6% to close at $5,417.21 an ounce, while silver increased by 4.1% to $116.70 [5] - The Bloomberg Dollar Spot Index saw a 0.4% increase, indicating a mixed response in the currency market [5] - Precious metals are becoming cheaper for most buyers due to the dollar's weakness [4]

Gold surged to a record high above $5,280 an ounce, extending a breakneck rally fuelled by US dollar weakness and a flight from sovereign bonds and currencies.Bullion rose as much as 2 per cent on Wednesday, building on a 3.4 per cent jump in the previous session — its biggest one-day gain since April. President Donald Trump said he was not concerned about a drop in the value of the dollar that has dragged the world’s premier reserve currency to its weakest level in nearly four years.That decline, combined ...

Gold steadied after seven days of gains, with traders digesting a record-breaking rally fueled by US dollar weakness and a flight from sovereign bonds and currencies. Bullion was near $5,160 an ounce, having risen 3.4% on Tuesday - its biggest one-day gain since April. President Donald Trump said he was not concerned about a drop in the value of the dollar that has dragged the world's premier reserve currency to its weakest level in nearly four years.That decline, combined with heightened geopolitical risks ...

Core Insights - The head of Airbus has indicated the necessity for the company to adapt to new geopolitical risks, highlighting the impact of U.S. protectionism on its operations [1] Group 1: Geopolitical Risks - Airbus is facing "significant" logistical and financial damage due to U.S. protectionism, which necessitates a strategic shift in response to these geopolitical challenges [1]