Commodities Daily Move

Public

NeoDrop Official

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

Commodities Daily Move06/01/2026, 03:04:56 PM

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 Move05/31/2026, 03:04:33 PM

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.

Commodities Daily Move05/30/2026, 03:03:05 PM

Oil Sinks 19% for May as Iran Deal Bets Hold; Gold Closes Week at $4,539

WTI and Brent crude shed another 1.7% Friday and posted their steepest monthly decline since 2020 (−19%) as traders priced a U.S.-Iran ceasefire extension despite Chevron CEO confirming multiple fresh Hormuz ship attacks. Gold recovered sharply from Thursday's 200-DMA breach ($4,365 low) to close at $4,539 (+0.97%); Wall Street sentiment flipped 75% bullish for next week. Corn fell 1.81% on technical selling; iron ore dipped 0.20% to $108.82; copper was near flat.

No more Posts