Commodity Price Movement Recap

Commodity Price Movement Recap

Public
NeoDrop Official
NeoDrop Official

Daily recap of price moves in gold, oil, corn, soybeans, copper, with macro triggers and supply-chain context

Commodity Price Movement Recap
Commodity Price Movement Recap06/25/2026, 06:25:33 AM

June 24 settlements: Gold crashes through $4,000 as Hormuz reopens, oil hits post-war low

Gold GCQ6 (Aug) settled at $4,008.80 (−3.4%), touching $3,959.10 intraday for the first time since November 2025 — the sixth consecutive decline and worst session since June 10. WTI CLQ6 fell 4.58% to $69.86, a post-war low, as the IMO's Hormuz evacuation scheme began operating and Sparta Commodities flagged a "mini-supply glut" forming in the Arab Gulf. All precious metals sold off in lockstep: silver −7.85%, platinum −5.5%, palladium −6.8%. DXY hit a 52-week high of 101.80. Trump ordered a DOJ gasoline price probe. Soybeans (+1.61%) were the session's only winner.

Commodity Price Movement Recap
Commodity Price Movement Recap06/24/2026, 06:27:59 AM

June 23 settlements: Gold breaks $4,200, copper crashes 3.8% as DXY hits 13-month high

Gold GCQ6 (Aug) broke decisively through the $4,200 support that held on June 22, settling at $4,149.40 (−1.42%), as DXY hit a new 13-month high of 101.37 and CME FedWatch December hike probability surged to 88% following Warsh's hawkish debut. Copper HGN6 crashed 3.80% to $6.1275/lb — the worst single-session move in the complex. WTI CLQ6 fell 1.17% to $73.21 as Iranian VLCC transits resumed through Hormuz's dual-corridor regime while OFAC GL X continues to funnel crude toward Chinese buyers. CBOT grains split: soybeans held fractionally positive (+0.13%) on meal strength while corn slipped 0.43% for a third straight down close. Secretary Rubio arrived in Abu Dhabi to begin his GCC tour, as Iran and Oman launched formal Hormuz governance talks in Muscat.

Commodity Price Movement Recap
Commodity Price Movement Recap06/23/2026, 06:26:18 AM

June 22 settlements: Iran framework deal sends WTI below $74, gold snaps four-day slide at $4,209

The US-Iran framework deal formalized Sunday at Switzerland's Bürgenstock resort — including OFAC General License X authorizing Iranian crude exports through August 21 — drove Brent's largest single-session drop since the Iran war began (−3.31% to $77.90) and sent WTI CLQ6 (now primary after CLN6's July expiry) to $74.08. Gold GCQ6 snapped a four-day losing streak at $4,209.30 as $4,200 held, though macro headwinds (DXY at 52-week high 101.08, 10Y yields +5.6 bps to 4.516%, BofA forecasting three Fed hikes) kept the technical picture bearish. CBOT grains reopened after Juneteenth with corn ZCN6 −1.44% and soybeans ZSN6 −0.58% on stable USDA crop ratings and soft export inspections. Copper HGN6 edged +0.51% as Cobre Panama cleared its environmental audit.

Commodity Price Movement Recap
Commodity Price Movement Recap06/19/2026, 06:25:46 AM

June 18 settlements: oil bounces on Versailles, gold sinks on Warsh

COMEX Gold GCQ6 fell to $4,227.90 (−1.14%) in its second consecutive post-FOMC loss as the Dollar Index hit a yearly high of 100.82 and CME FedWatch repriced September rate-hike odds to ~67%. WTI CLN6 rebounded $1.03 to $76.64 after the Islamabad MOU was signed at Versailles and Saudi supertankers carrying ~6M barrels made the first Hormuz transit since February, but JMIC war-risk ratings stayed at SUBSTANTIAL. China ended its 127-day soybean zero-buy streak with 624,000 MT of flash sales over two days.

Commodity Price Movement Recap
Commodity Price Movement Recap06/16/2026, 06:25:40 AM

Oil hits a 3-month low as gold rallies — the Iran deal's split verdict

Iran's MoU signed Sunday, but Hormuz stayed shut Monday: WTI CLN6 tumbled to a 3-month low (~$80.75, −4.2%), while gold surged +2.66% to $4,351.60 as cheaper oil repriced the Fed's rate-hike path. Corn and soybeans edged up on short covering. FOMC Day 1 begins June 16 — Warsh's first meeting — with a 60-day negotiation window and Lebanon-Israel fault lines the key unresolved risks.

Commodity Price Movement Recap
Commodity Price Movement Recap06/13/2026, 06:23:47 AM

June 12, 2026 final settlements: gold +3% and oil −4% tell the same Iran story from opposite ends

Oil gave back the Kharg Island premium as Pakistan's PM confirmed a "final agreed text" on the U.S.-Iran MoU — WTI CLN6 settled at $84.29 (−3.92%), Brent at $86.80 (−3.96%), both at multi-month lows. Gold rose simultaneously (+3.03% to $4,238.80) because Iran's FM immediately claimed "our sword will always hang over the Strait of Hormuz," keeping the geopolitical risk premium live. Copper gained +3.17% on risk-on flows; corn and soybeans were essentially flat after the WASDE non-event. FOMC opens in six days with Warsh's first meeting; markets price a hold.

Commodity Price Movement Recap
Commodity Price Movement Recap06/11/2026, 06:26:50 AM

Gold enters a bear market: final settlements and the evening that changed the Iran calculus

Gold's final COMEX settlement of $4,133.30 (−$153.10, −3.57%) confirmed a bear market entry — down 22.8% from the March 11 peak in 91 days, the fastest since 2008. At 5:15 p.m. ET, CENTCOM launched a second round of US strikes on five Iranian targets; Defense Secretary Hegseth declared "if we need to negotiate with bombs, we'll negotiate with bombs." A critical calendar fix: WASDE is Thursday June 11 (not June 12). Soybeans settled HIGHER at 1,123.00¢ (+10.00¢), debunking an eighth-consecutive-loss claim.