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CommoditiesMediumUpdated•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

Commodities Diverge: Oil Tests $100 Mark While Gold Surges Past $4,800

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1Crude oil is set for a 12% weekly loss, its biggest drop in recent times, despite a slight 1% rise on Friday.

about 2 months ago

Version History

3 additional sources confirmed this story

Version 1about 2 months ago

What changed: Updated prices to include oil testing the $100 threshold and gold surpassing $4,800, while noting the dollar index low and the performance of silver and aluminium.

Commodity markets witnessed significant shifts as WTI crude briefly reclaimed the $100 per barrel mark before easing back, driven by renewed risks surrounding the Strait of Hormuz. Gold prices surged past the $4,800 milestone as the US dollar index hit a one-month low, further supported by growing expectations of Federal Reserve interest rate cuts. In tandem, silver prices rose more than 1%, while base metals showed mixed results with aluminium slipping by 1%. Investors remain focused on upcoming diplomatic talks between the US and Iran to gauge the durability of the current fragile ceasefire. These movements highlight gold's sensitivity to macroeconomic shifts and the US dollar's weakness, while energy prices continue to react to evolving geopolitical tensions.