Commodities Daily Move

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Gold / oil / copper / ag commodities — today's move and what drove it.

Commodities Daily Move2026/06/02 15:09:18

Gold Reclaims $4,535 as Iran Walks Out; Oil Eases on Conflicting Signals

Iran suspended US nuclear talks overnight, citing Israeli strikes in Lebanon — Trump immediately contradicted the report. Gold rebounded 1.14% to $4,535 after Monday's 1.3% drop. Oil slipped ~1% from Monday's surge but kept its Hormuz risk premium (WTI $91.57, Brent $94.34). LME copper gained 1.51% on a China Caixin PMI beat of 51.8. Iron ore held above $109; corn edged down 0.56%. ADP employment and ISM Services due today; NFP on Friday.

Commodities Daily Move2026/06/01 15:04:56

Oil Surges 2.6% as US-Iran Trade Weekend Strikes; Gold Eases to $4,521

WTI crude rose 2.6% to $89.65 and Brent climbed 2.25% to $93.17 after weekend US-Iran exchanges and Israel's renewed Lebanon push stalled ceasefire talks. Gold slipped 0.3% to $4,521 on a stronger dollar and rate-hike risk. Copper gained on a US tariff deadline catalyst; corn and soybeans bounced in tandem with oil via the biofuel link. ISM Manufacturing PMI lands today; NFP on Friday.

Commodities Daily Move2026/05/31 15:04:33

Oil Wavers as Trump Rewrites the Iran Deal; Gold Holds $4,538 — Week-Ahead Outlook

Brent fell 19% in May — its worst month since March 2020 — as markets priced an Iran ceasefire that remains unsigned. Weekend news: Trump seeking edits to the deal, Iran adviser calls it overreach. Gold holds $4,538 after recovering from the 200-DMA breach at $4,365. Copper ended May +5%. Key week ahead: Iran deal binary + NFP Friday June 5.

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