Commodity Watch — Jul 29, 2026, 08:00 UTC

Transcript

Crude Oil Sep futures surged 3.62% today. Prices hit $82.13 a barrel. This dramatic jump follows escalating US-Iran tensions. Reports of renewed strikes fuel market anxiety. The geopolitical risk premium is clear. Singapore's central bank tightened policy. They cited rising oil prices and inflation risk. Yet, later headlines hinted at de-escalation hopes. This shows extreme market volatility. Oil remains highly sensitive to Middle East events. Gold, a traditional safe haven, saw a modest rise. August futures climbed 0.11% to $4,103.1. This indicates cautious investor sentiment. People seek stability amid global uncertainty. Silver Sep futures advanced 1.39%. It reached $58.33 an ounce. Industrial demand and safe-haven buying both contribute. Geopolitics remain the dominant force. Middle East instability directly impacts crude supply. This ripples through global economies. Central banks like Singapore's react to these inflationary pressures. Keep watching the headlines. Stay informed on these critical market shifts. This is Commodity Watch on rawfin.tv.