Goldman lowers end-2026 gold forecast to $4,650, keeps $5,400 target for 2027
Goldman cut its end-2026 gold forecast to $4,650/oz from $4,900, kept $5,400 target for 2027, citing central bank buying.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Goldman cut its end-2026 gold forecast to $4,650/oz from $4,900, kept $5,400 target for 2027, citing central bank buying.
Russia's economy ministry cut 2026 gas output and LNG export forecasts as the EU prepares to halt purchases.
Brent settled up nearly 4% as diplomacy stalled, while diesel fluctuated on conflicting US export ban reports. US crude stocks rose unexpectedly.
The White House edges closer to a 90-day diesel export ban, with Trump reportedly ready to announce within days, despite cabinet opposition.
The White House dismisses a Politico report on a 90-day diesel export ban as 'fake news,' despite Trump's earlier comments.
A senior Iranian official said reopening the Strait of Hormuz was discussed in indirect U.S. talks, but differences remain.
U.S. crude inventories rose 2.969 million barrels, contrary to expectations for a decline. Gasoline and distillates fell.
Traders set a record for Brent put options, betting oil could fall to $70 by December. Prices have already dropped over 10% in eight days.
A 24-karat Pokémon gold figure of Gholdengo costs about $9,800, nearly five times the $2,080 value of its gold content.
Gold slipped to the key $4,300 support zone as Trump dampened de-escalation hopes; eyes on US PMIs and Iran talks.
Copper hit a record after Michael Burry named a miner as his AI bet, citing a long mine-development gap.
Oil's slide paused after Trump dampened hopes for an early resolution to the US-Iran conflict.
Oil fell after US and Iran held Qatar-mediated talks in New York. Australian PMI softened and ADB reduced China inflation outlook.
Gold traded near $4,360 an ounce as conflicting signals from oil price declines and central bank rate hikes kept the metal rangebound.
US and Iranian delegates completed a round of indirect UN talks, Witkoff said, as oil prices slipped on the diplomatic progress and improving supply.