Metals

Since the war began nearly a month ago, gold has fallen nearly 15%, moving largely in tandem with stocks and in an inverse relationship with oil.

Gold steadies as US and Iran offer divergent routes to end war

Spiking energy prices have raised the risk of inflation

Since the war began more than three weeks ago, gold has moved largely in tandem with stocks and in an inverse relationship with crude.

Gold extends gains as reports of Iran war talks offer respite

Elevated energy prices resulting from the conflict have raised the risk of inflation, leading investors to bet on higher interest rates

High energy prices resulting from the conflict have raised the risk of inflation and prompted investors to ditch their relatively liquid and profitable positions in gold for other assets.

Gold extends decline for 10th day as Iran war concerns persist

Despite the pause announced by Trump, the outcome of any negotiations and future passage of ships through the Strait of Hormuz remain uncertain

Spot gold plunged as much as 8.8 per cent to near US$4,100 an ounce.

Gold plunges as much as 8.8% as Middle East war deepens inflation fears

Gold’s choppy session mirrors the broader market, with crude fluctuating near mid-2022 highs

The inflation backdrop typically supports gold as a hedge, but high interest rates dull the metal’s appeal by boosting returns on yield-bearing assets.

Gold steady as investors weigh Middle East risks ahead of Fed decision

The US central bank is widely expected to hold rates steady for a second straight meeting

While gold is traditionally viewed as an inflation hedge, elevated interest rates boost the appeal of yield-bearing assets, dampening the metal’s demand.

Gold steady as investors await central bank decisions, weigh Middle East risks

Higher crude costs stoke inflation by lifting transport and production expenses

Concerns over stagflation, a combination of slower growth and high inflation, may also prompt investors to turn to gold as a better store of value over the longer term.

Gold wavers near US$5,000 as Middle East war keeps oil prices elevated

Uncertainty over how long the war will last makes it difficult to assess the impacts on markets and the wider economy

The closures are the latest impact on the Middle East aluminium sector from the US-Israeli war on Iran.

Bahrain’s Alba shuts 19% of aluminium capacity as Hormuz disruption continues

The company has initiated a controlled shutdown of three lines