Geopolitical Shifts Impact Energy and Metal Markets

This week has seen significant fluctuations in the energy and metal markets due to dramatic changes in geopolitical sentiment. According to PANews, the prevailing narrative throughout most of the week was the easing of panic following a tentative ceasefire agreement between the U.S. and Iran. Crude oil emerged as the most affected under this cooling narrative. Gold also faced pressure, retreating after surpassing $4,850. The U.S. dollar index fell below the 100 mark this week, while U.S. stocks rebounded strongly following the ceasefire news.