Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Gold Rallies While Oil Slides on Rate Cut Hopes
In this episode, Lucas and Luna explore the growing divergence between gold and crude oil as of early July 2026. Gold has surged 4.1% in five days to over $4,180, while crude futures have dropped nearly 3% despite ongoing geopolitical tensions in the Middle East. The key driver? Shifting expectations around the Federal Reserve's next move. With inflation still sticky but economic data softening, markets are pricing in a higher probability of a rate cut this fall. Gold historically benefits from lower rates, while oil gets punished on demand fears. Lucas breaks down the numbers, including…
The skinny
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