Commodity Watch — Aug 1, 2026, 12:00 UTC

Transcript

Crude Oil surged to $84.67 today, up 1.29 percent. This reflects serious geopolitical shifts. The jump is tied to escalating US-Iran tensions. Renewed strikes are fueling supply fears. OPEC+ supply discipline remains a factor. Global demand shows resilience. The Black Sea incident, with Ukrainian drones sinking a Rosatom vessel, adds to regional instability. Maritime operations are now more volatile. Gold, typically a safe haven, saw a counter-intuitive drop. It fell 1.29 percent to $4,107. This suggests underlying market cross-currents. Yet, the Fear & Greed Index sits at 27. This indicates persistent investor caution. Silver also dropped sharply. It plunged 2.09 percent to $57.786. This move aligns with gold's dip today. Global conflicts directly impact energy and metals. Supply chains are vulnerable. Central bank actions also play a role. Stay informed on rawfin.tv.