Commodity Watch — Aug 31, 2026, 12:00 UTC

Transcript

Crude Oil surged over three percent today. October futures hit $86.22, up a significant 3.38%. This spike follows breaking news: US military strikes on Iranian targets. Geopolitical tension in the Middle East directly impacts energy supply. The Strait of Hormuz remains a critical choke point. Any escalation there sends oil prices soaring. Gold, often a safe haven, moved differently. December futures traded at $4,507.2, down 0.50%. This slight dip is notable. Despite escalating Mideast tensions, gold saw limited flight-to-safety buying. Perhaps a stronger dollar played a role. Or, broader market sentiment remains resilient. Other industrial metals showed modest gains. Copper rose 0.38% to $6.684. Silver gained 0.25%, reaching $67.955. These moves reflect underlying industrial demand. However, the geopolitical premium on oil is undeniable. Global stability remains fragile. Energy markets are acutely sensitive. We watch these developments closely. Stay informed, stay ahead, only on rawfin.tv.