Gold faces geopolitical heat, down by 4.67% | Crude Oil & Aluminium - Bullish | WCF June 9

The mercury continues to rise, not only for the weather but for worldwide commodity markets too.
In this week’s Commodity Forecast, Mr. Anuj Choudhary, Analyst – Alternate Research, at Mirae Asset Sharekhan, deconstructs how the stalled negotiations in the Middle Eastern conflict are bearing heavily on commodity prices.

Crude Oil prices have surged again after a brief lull and Aluminium looks bullish. But other developments look less encouraging:
- Gold fell by 4.67% week-on-week
- Silver fell by 9.91% week-on-week
- Base metals underperformed again

This week, all eyes will be trained on major releases such as:
- ADP Employment Change
- Existing Home Sales MoM
- Initial Jobless Claims

Do you think that even a slight chance of positive negotiations can bring much respite from uncertainty? Let us know in the comments below.

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