What the Iran Attacks Mean for Oil, Gold Prices | Metals Mine

  • What the Iran Attacks Mean for Oil, Gold Prices

    From youtube.com/markets

    Bloomberg Intelligence's Mike McGlone explains what the US and Israeli strikes on Iran mean for oil and commodities prices. He speaks on "Bloomberg This Weekend." Iran has no intention to close the Strait of Hormuz and has kept it open so far, Foreign Minister Abbas Araghchi said in an interview to Al Jazeera TV. -
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ffghost
Mar 1, 2026 3:36pm
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This video was posted 6 hours ago. I wonder how different it would be if the interview happened right now (after all the shipping through the straight seems to have been halted due to insurance concerns).

At the end he says, unless I misunderstood it, that he anticipates gold and oil could even be lower into the open? I assume he means there'll be a spike at the Sunday open with a slide lower into Monday's cash open...because, currently, IG's weekend oil is up 16%+, weekend gold is up 3%, and BTC is now DOWN nearly 2% whereas it was UP nearly 3% after the news of Kalameni's death yesterday.

It is going to be a wild situation in 90 minutes when things open up, that's for sure. Lovely time to be fully in undefined risk, long equity futures...

....this is like the Liberation Day craziness though: there's going to be an opportunity to make a LOT of money if you have liquidity. The only catch is that the opportunity could come at any time of day/night.
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The Fool
Mar 1, 2026 6:20pm
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Quoting ffghost
I wonder how different it would be ...
not seeing any kind of stampede for safety, not yet....
Jr123
Mar 1, 2026 5:23pm
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Oil will be back to $88.00 by the end of the week.
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Trader#764C
Mar 1, 2026 3:11pm
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He's talking from his own perspective, namely, NY open. The rest of the world is talking from a week open perspective. It's possible there will be a sense of relief, but initially, gold might skyrocket. We'll see in a little under two hours.
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NovatechFX
Mar 1, 2026 4:33pm
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Thoughts on going long on gold and taking the spike?
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Trader#82E4
Mar 1, 2026 4:15pm
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Thoughts on opening with a long position on crude placed before open??
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