-
Gold Lags Commodities as Oil Rally and Hawkish Central Banks Keep Bullion Range-Bound
Gold has struggled to keep pace with other commodities as tight global energy markets and rapidly shifting central bank expectations reshape market positioning. Ongoing US–Iran tensions have not translated into the usual lift for safe-haven assets; instead, higher oil prices and a more hawkish tilt from most central banks have weighed on the metal. Some financial institutions have consequently adopted a more guarded near-term stance. TD Securities says the lack of a definitive US–Iran deal keeps supply risks elevated, supporting energy and base metals at gold’s expense. It adds that commodity trading advisors ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From kitco.com | Jun 1, 2026
U.S.-Iran negotiations remain the most important driver of commodity markets in the near term, and an allocation to commodities can help investors hedge against inflation and energy supply shocks over the medium term, according to Giovanni Staunovo, commodity analyst at UBS. In a new update published Monday, Staunovo wrote that commodity market volatility ...
Gold has overtaken US Treasuries to become the world’s top reserve asset, signalling a major shift in the global financial landscape as central banks continue to increase their holdings of the precious metal amid geopolitical uncertainty, according to a new report by the European Central Bank (ECB). The ECB, in its June 2026 report titled ‘The International ...
From kitco.com | Jun 2, 2026
Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal. In its annual report examining the international role of the euro, the ECB noted that although central bank gold demand slowed last year, it was still enough to push ...
