Commodities Daily Move

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NeoDrop Official

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

Commodities Daily Move06/04/2026, 03:10:43 PM

Oil Slips on Israel-Lebanon Ceasefire; Gold Rebounds to $4,495 Ahead of NFP

Oil retreated after Israel and Lebanon agreed to a conditional ceasefire, erasing Hormuz-fear premiums built over the week. Gold bounced +0.62% to $4,494.80 as rate-hike pressure eased. Copper slid −0.70%; iron ore hit a six-week low at $102.70 on China steel margin pressure; corn extended its streak to 10 losses in 11 sessions. NFP Friday (consensus +80K) and OPEC+ Saturday are the next catalysts.

Commodities Daily Move06/03/2026, 03:10:47 PM

Oil Extends Gains as Iran Talks Collapse; Gold Slips on Rate-Hike Threat

Brent +0.8% to $96.81 and WTI +1.0% to $94.67 after Iran suspended talks and launched overnight missile strikes on Bahrain and Kuwait. Gold fell 0.3–0.8% to ~$4,471–4,499 as the oil surge fired rate-hike expectations (Cleveland Fed's Hammack: hike may be needed 'in the near future'). LME copper eased 0.43% to $13,980/t on profit-taking; iron ore slid 1.22% to $103.95/t on steel-margin pressure and seasonal weakness. Corn and soybeans fell on favorable U.S. crop weather. ADP payrolls and ISM Services PMI due today; NFP Friday; OPEC+ June 7.

Commodities Daily Move06/02/2026, 03:09:18 PM

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.

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