Energy and Metals Markets Under the Microscope: Oil Slips, Gold Shines Amid Economic Uncertainty

As attention turns to the upcoming OPEC+ decision on production,
the oil market is facing a second consecutive day of losses,
while gold continues its ascent, buoyed by global anticipation of U.S. Federal Reserve policy shifts.

Contents

Oil
Markets
Gold and Platinum

Oil

Oil at a Crossroads: Persistent Decline and Market Caution

It prices have recorded losses for the second day in a row amid cautious sentiment ahead of the anticipated OPEC+ meeting.
Brent crude fell below the $67 mark,
while West Texas Intermediate hovered near $65. Forecasts suggest a potential production increase of up to 411,000 barrels per day—an adjustment that could exert further pressure on prices in the coming months.
Analysts warn that oil could test the $60 level if current downward forces persist.

Markets

From Politics to Trade: Markets Wobble Under Mounting Tensions

The past quarter was marked by sharp volatility in the energy markets, as investors reacted to geopolitical shifts and trade decisions.
With threats of new U.S. tariffs on key trade partners and fading momentum in talks with major nations like Japan,
the spotlight has returned to core supply and demand fundamentals.
As the July 9 deadline for new tariffs approaches, markets appear to be entering a highly sensitive phase.

Gold and Platinum

Precious Metals Shine Brighter

On the other end of the spectrum, gold prices climbed toward $3,310 per ounce, supported by growing expectations of interest rate cuts by the Federal Reserve in 2025 and a weakening U.S. dollar.
Gold has gained over 25% year-to-date, driven by capital flight from U.S. assets and mounting concerns over global trade conflicts.
Platinum has also surged, posting its best monthly performance on record—fueled by strong demand from Asian jewelers and speculative buying in the U.S. and China.

Energy and Metals Markets Under the Microscope: Oil Slips, Gold Shines Amid Economic Uncertainty

Energy and Metals Markets Under the Microscope

Related Topics