Commodity Watch — Aug 3, 2026, 12:00 UTC

Transcript

Crude Oil plunged 5.95% today, hitting $79.63 a barrel. This sharp sell-off defies headlines of escalating US-Iran tensions. Markets are clearly prioritizing global demand concerns. Geopolitical risk usually fuels oil prices. But current data shows a strong push lower. Gold, the ultimate safe haven, rose 0.28% to $4,118.4. Investors are seeking security. Our Fear & Greed Index sits at 28, signaling deep fear. This flight to safety is evident. Copper, an industrial bellwether, gained 1.53% to $6.565. This suggests some underlying industrial demand. However, broader market sentiment remains cautious. The Bank of England is expected to maintain rates. This adds to the global uncertainty. This is Commodity Watch, on rawfin.tv.