Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Oil and Gold Are Decoupling as Iran Tensions Flare
WTI crude has plunged 8% in a week to $82 while gold holds above $4,100, a striking divergence. Lucas and Luna examine the forces splitting the two markets: cooling inflation pulling gold one way, demand fears crushing oil the other. Then Iran's surprise missile attack jolts both assets. With CPI easing and core inflation flat, why is gold still bid? And can oil's geopolitical bounce last? Using live July 29, 2026 data, they unpack the safe-haven vs. growth-scar trade-off, the role of Federal Reserve expectations, and whether the old inflation hedge label still fits gold.
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