Gold Holds Above $5,000 as Crude Oil Rallies on Middle East Supply Concerns
1. MARKET OVERVIEW TABLE
| Commodity | Price | 24h Change | 7d Change | Spot Price |
|---|---|---|---|---|
| Gold | $5,017.70/oz | -$60.70 (-1.20%) | Data not available | N/A |
| Silver | Data not available | Data not available | Data not available | N/A |
| Crude Oil (WTI) | $98.71/bbl | +$2.98 (+3.11%) | Data not available | N/A |
| Crude Oil (Brent) | $103.10/bbl | +$2.68 (+2.67%) | Data not available | N/A |
| Natural Gas | $3.131/MMBtu | -$0.102 (-3.15%) | Data not available | N/A |
Vibe: Mixed - energy markets surge on supply disruption fears, while precious metals face profit-taking after recent gains.
2. PRECIOUS METALS PERFORMANCE
🟢 Top Gainers
| Commodity | Price | Change | % | Exchange |
|---|---|---|---|---|
| Rhodium | $11,200.00 | +$200.00 | +1.82% | Kitco |
đź”´ Top Losers
| Commodity | Price | Change | % | Exchange |
|---|---|---|---|---|
| Gold | $5,017.70 | -$60.70 | -1.20% | Kitco |
| Silver | Data not available | Data not available | Data not available | N/A |
| Platinum | Data not available | Data not available | Data not available | N/A |
| Palladium | Data not available | Data not available | Data not available | N/A |
| Copper | Data not available | Data not available | Data not available | N/A |
| Aluminum | Data not available | Data not available | Data not available | N/A |
| Zinc | Data not available | Data not available | Data not available | N/A |
| Nickel | Data not available | Data not available | Data not available | N/A |
| Lead | Data not available | Data not available | Data not available | N/A |
3. ENERGY COMMODITIES
🟢 Top Gainers
| Commodity | Price | Change | % | Exchange |
|---|---|---|---|---|
| WTI Crude | $98.71 | +$2.98 | +3.11% | OilPrice |
| Brent Crude | $103.10 | +$2.68 | +2.67% | OilPrice |
| Gasoline | $3.041 | +$0.077 | +2.59% | OilPrice |
| Heating Oil | Data not available | Data not available | Data not available | N/A |
đź”´ Top Losers
| Commodity | Price | Change | % | Exchange |
|---|---|---|---|---|
| Natural Gas | $3.131 | -$0.102 | -3.15% | OilPrice |
4. KEY COMMODITIES DETAILED
Gold
- Price: $5,017.70 per ounce
- 24h Change: -$60.70 (-1.20%)
- 7d Change: Data not available
- 30d Change: Data not available
- Trading Volume: Data not available
- Key Levels: Testing support near $5,000
Silver
- Price: Data not available
- 24h Change: Data not available
- 7d Change: Data not available
- 30d Change: Data not available
- Trading Volume: Data not available
- Key Levels: Data not available
Crude Oil (WTI)
- Price: $98.71 per barrel
- 24h Change: +$2.98 (+3.11%)
- 7d Change: Data not available
- 30d Change: Data not available
- Trading Volume: Data not available
- OPEC+ Stance: Data not available
Crude Oil (Brent)
- Price: $103.10 per barrel
- 24h Change: +$2.68 (+2.67%)
- 7d Change: Data not available
- 30d Change: Data not available
- Trading Volume: Data not available
5. 52-WEEK / ALL-TIME LEVELS
New Highs Today
Data not available
Near Highs
| Commodity | Price | 52W/ATH High | Gap |
|---|---|---|---|
| Gold | $5,017.70 | Data not available | Data not available |
| WTI Crude | $98.71 | Data not available | Data not available |
| Brent Crude | $103.10 | Data not available | Data not available |
New Lows Today
Data not available
6. WHAT DROVE THE MARKET - DETAILED BREAKDOWN
Geopolitical Events
The commodities market today is primarily driven by escalating geopolitical tensions in the Middle East. Key developments include:
- Trump administration’s military action against Iran’s Kharg Island with threats to target oil exports
- Hormuz Strait crisis leading to massive Saudi oil production shutdowns
- Iranian drone strikes hitting Oman’s largest oil storage facility
- Multiple oil tankers set ablaze near Iraq’s key export terminals
- Middle East conflict forcing 15% of TotalEnergies’ oil and gas production to halt
- Ukraine attacks on major oil export pipeline hubs in southern Russia
These developments have created significant supply concerns, with the IEA warning of what could be the largest oil supply disruption in history.
OPEC+ Decisions
Data not available for specific OPEC+ production decisions in this session.
US Dollar Strength
Data not available in this session’s data.
Economic Data
Data not available in this session’s data.
Supply Chain Issues
- Fujairah oil terminals have resumed operations after drone attack
- Kazakhstan’s Tengiz oilfield supply remains uninterrupted despite new incident
- Gulf oil producers have reported losses of approximately $15 billion since the conflict began
Weather Events
Data not available for weather-related impacts in this session.
China Demand
- China’s Sinopec planning to slash refinery rates amid crude supply shock
- China has halted fuel exports as the Hormuz crisis tightens global supply
- Global EV sales data shows continued market stall in China
India-Specific Factors
Data not available for India-specific market factors in this session.
7. SPECIAL MENTIONS
- EIA Weekly Petroleum Status Report: Data not available in this session
- CME Commitment of Traders (COT) Report: Data not available in this session
- SPDR Gold Shares (GLD) ETF flows: Data not available in this session
- iShares Silver Trust (SLV) ETF flows: Data not available in this session
- IEA Emergency Oil Release: IEA launched a record 400-million-barrel emergency oil release in response to supply disruptions
- Strategic Petroleum Reserve: Trump administration tapped the Strategic Petroleum Reserve in response to Iranian shipping attacks
8. TECHNICAL LEVELS
Gold
- Support: Testing near $5,000
- Resistance: Data not available
- Key Moving Averages: Data not available
Silver
- Support: Data not available
- Resistance: Data not available
- Key Moving Averages: Data not available
WTI Crude
- Support: Data not available
- Resistance: Data not available
- Key Moving Averages: Data not available
Brent Crude
- Support: Data not available
- Resistance: Data not available
- Key Moving Averages: Data not available
9. SUMMARY
The commodity markets showed mixed performance today, with energy commodities rallying sharply on escalating Middle East tensions while precious metals faced some profit-taking. WTI crude oil surged 3.11% to $98.71 per barrel and Brent crude gained 2.67% to $103.10 per barrel as military action in the Middle East and threats to Iranian oil exports raised serious supply concerns. Natural gas declined 3.15% to $3.131 per MMBtu.
Gold retreated from recent highs, dropping 1.20% to $5,017.70 per ounce, but continues to hold support near the key $5,000 level. Rhodium was the only precious metal showing gains, rising 1.82% to $11,200.
The market is dominated by geopolitical risk with the IEA warning of potentially the largest oil supply disruption in history. The U.S. has tapped its Strategic Petroleum Reserve, and the IEA has coordinated a record 400-million-barrel emergency oil release. Major oil companies including Shell and TotalEnergies have issued force majeure declarations due to supply disruptions, while China’s Sinopec plans to cut refinery rates amid the crude supply shock.
Details for information purposes only. Don’t treat this as financial advice.