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Gold Faces Technical Pressure as 'Death Cross' Pattern Emerges

Gold prices declined early in the week due to a stronger US dollar and high interest rates, further pressured by the emergence of a technical 'Death Cross' pattern. Despite a slight bounce and attempts to hold support levels on Friday, gold ended the week down 2.5%. This performance marks the second consecutive weekly decline for the precious metal.

Oil Prices Climb Following U.S. Strikes in Middle East; Inflation Fears Pressure Bonds

Crude oil prices rose following U.S. attacks in the Middle East, causing Asia-Pacific government bonds to fall amid inflation concerns. On July 13, international prices surged nearly 10%, marking the largest single-day increase since 2020, following President Trump's announcement to reimpose a U.S. blockade. This policy shift caused market sentiment to pivot toward a long-term expectation that operations in the Strait of Hormuz will not return to normal.

20 articles2 stories

Ongoing·13 days ago

Commodities

Hormuz Tensions Force Oil and LNG Tanker Diversions After New Attacks

On July 8, at least four oil and LNG tankers made U-turns from the Strait of Hormuz following Iranian attacks on three commercial ships. These attacks prompted operators to pause transit attempts. On July 9, Stolt-Nielsen reported mixed financial results for the second quarter of 2026, with the company's operations impacted by ongoing disruptions in the Strait of Hormuz.

15 articles2 stories

Ongoing·21 days ago

Commodities

Oil set for largest quarterly drop in 6 years as supply crunch eases

Oil is set for its largest quarterly price drop in 6 years, as workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China ease the historic supply crunch. U.S. oil companies are expected to report their strongest quarterly profits in years. President Trump has been pressing oil companies to lower gasoline prices ahead of the November midterm elections.

12 articles2 stories

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