Divergent Commodity Paths: Oil Headwinds, Metals Tailwinds
Global commodities are showing stark divergence: oil weakens on demand concerns while precious metals surge on inflation anxiety and central-bank buying. The article explains how this split signals “stagflation-lite” conditions—weak growth but sticky inflation—and why traders must reassess hedging strategies and cross-commodity correlations. Expert commentary highlights tactical trade setups and key macro triggers to watch over the next 6–12 months.
Oil Prices Surge as Fresh Sanctions Tighten Russian Supply Lines
The global oil market saw a notable uptick this week after the Organization of the Petroleum Exporting Countries plus (OPEC +) announced only a modest production increase of 137,000 barrels per day (bpd) starting in November—smaller than what many market participants had anticipated.
Simultaneously, fresh sanctions imposed by the United States and the European Union targeted major Russian oil companies, including Rosneft and Lukoil, sparking concerns over downstream supply disruptions.
As a result, benchmark prices such as Brent Crude rose to approximately US $65.44 per barrel, while West Texas Intermediate (WTI) clocked around US $61.77.
Gold Surges on Mideast Tensions and Rate-Cut Hopes
Precious-metal markets have surged in recent weeks: spot gold brushed multi-month highs above US $3,417/oz after fresh military strikes by Israel against Iran triggered broader Middle-East geopolitical risk. The Economic Times+1 At the same time, softer U.S. inflation readings have fuelled speculation that the Federal Reserve may ease policy sooner than expected, enhancing gold’s appeal as a non-yielding safe-haven.
Bitcoin Hits Record High as Gold and Silver Retreat
Bitcoin surged to a new record high above $125,000 in October 2025, while gold and silver prices sharply declined after reaching their own peaks. The move highlights a potential shift in investor sentiment from traditional safe-haven assets toward digital assets like Bitcoin, supported by record inflows of nearly $6 billion into global crypto ETFs. Analysts suggest this marks an important reallocation of capital across asset classes as investors reassess inflation hedges and market correlations.
Yen Falls as Dovish Leadership Looms in Japan
Yen Falls as Dovish Leadership Looms in Japan










