Saxo Bank

NEWS DESK

Is gold beginning to look beyond inflation? – Saxo Bank

News Desk 15/07/2026

Gold continues to search for direction following a sharp correction since January, with recent price action increasingly reflecting the market’s struggle to determine whether inflation or slowing economic growth, combined with a returning focus on fiscal debt concerns and currency

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Gulf tensions and short covering drive energy higher amid renewed supply shock fears – Saxo Bank

News Desk 14/07/2026

The Bloomberg Commodity Total Return Index has rallied sharply over the past week, driven overwhelmingly by the energy sector as renewed geopolitical tensions in the Middle East once again dominate commodity price action. Energy has gained almost 9% during this time, comfortably outperforming industrial metals, agriculture and soft commodities, while precious metals remain

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Commodities stabilise supported by fuel and weather risks – Saxo Bank

News Desk 10/07/2026

The commodity sector is showing signs of stabilising following a sharp correction that saw the Bloomberg Commodity Index fall around 15% between May and June. So far this month, the index has gained a moderate 2.8%, with all sectors and individual commodities except US natural gas trading higher. The breadth of the recovery is encouraging, […]

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Oil jumps as fragile Iran ceasefire unravels – Saxo Bank

News Desk 08/07/2026

Brent crude has jumped more than 9% since Monday, rising back towards USD 79 per barrel as renewed US-Iran tensions revive supply concerns and force a rethink among hedge funds that had recently cut bullish exposure to near-historic lows. The latest rally followed US strikes on targets in Iran and Washington’s decision to revoke a […]

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From liquidation to consolidation: precious metals seek a floor – Saxo Bank

News Desk 06/07/2026

Precious metals are attempting to establish a floor after several months of heavy liquidation, technical damage and rapidly shifting macro narratives. Gold’s rebound towards USD 4,200, silver’s recovery back above USD 60 and renewed interest in platinum all suggest that hard-asset demand has not disappeared. However, the sector has moved from being aggressively bid to […]

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Q3 Outlook for Traders: AI’s challenging growth math and a new era at the Fed- Saxo Bank

News Desk 02/07/2026

Late Q2 saw a strong comeback in AI stocks, chiefly in the semiconductor and other hardware names that are most clearly “enjoying” or absorbing the spending from the staggering pace of capital expenditures to build out data center capacity. The coming quarter or two could see a slowing of these AI-linked hardware stocks as the […]

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Tour de France: the 7 kg commodity basket behind the world’s fastest bikes- Saxo Bank

News Desk 01/07/2026

Every July, the Tour de France delivers one of sport’s greatest spectacles. Over three gruelling weeks, the world’s strongest cyclists race more than 3,300 kilometres across mountains, valleys and cobbled roads, at speeds once unimaginable. Fans marvel at the athletes, tactics and scenery. Equipment enthusiasts admire the increasingly futuristic machines

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COT update: Crowded positioning across assets raises the risk of countertrends- Saxo Bank

News Desk 29/06/2026

Our weekly Commitment of Traders update, based on data published by the CFTC and ICE Europe, highlights hedge fund and other speculative futures positioning across commodities, foreign exchange, and rates during the week ending Tuesday, 23 June. The latest report shows investors becoming increasingly committed to one dominant macro narrative. Inflation concerns,

NEWS DESK

Gold and silver slide as dollar strength fuels another round of liquidation- Saxo Bank

News Desk 26/06/2026

Gold and silver continue to trade on the defensive, pressured by a stronger dollar, technical selling, and further signs that investors are heading for the exit or reducing exposure. On a total return basis, gold is now down 8.4% year-to-date, although still up 18.5% over the past 12 months. Silver has suffered a much deeper […]

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Oil prices reset as stranded Gulf barrels head for market- Saxo Bank

News Desk 24/06/2026

Oil prices have continued to retreat, with Brent crude falling below USD 76 per barrel to trade only around 7.5% above the USD 70 ceiling that capped prices before the Strait of Hormuz disruption. The move lower may appear counterintuitive given that the world has just experienced the largest oil supply disruption on record, resulting […]

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Metals struggle as markets price peak hawkishness, not peak demand – Saxo Bank

News Desk 23/06/2026

Industrial and precious metals remain on the defensive as financial markets continue to adjust to the prospect of higher funding costs and a more restrictive US monetary policy outlook. The latest wave of selling has been amplified by a sharp correction across technology stocks, with today’s 10% tumble in the tech-heavy KOSPI index and the […]

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Weather risk returns as El Niño threatens crops, grids and mines – Saxo Bank

News Desk 19/06/2026

After several years dominated by geopolitical disruptions, trade tensions and shifting monetary policy expectations, weather is once again emerging as a key market driver. NOAA’s confirmation that El Niño has developed in the tropical Pacific raises the risk of renewed weather-related volatility across commodity markets over the next 6 to 18 months. El Niño, the […]

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Oil retreats as peace hopes rise, but depleted inventories may limit the downside – Saxo Bank

News Desk 17/06/2026

Crude oil prices have continued to retreat as markets increasingly price in a peaceful resolution to the Middle East crisis and a gradual reopening of the Strait of Hormuz. Following President Trump’s announcement of an interim agreement and reports that a formal signing could take place later this week, several banks including Morgan Stanley and […]

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All Eyes on the Fed as Markets Look Beyond the Rate Decision

News Desk 16/06/2026

Investors are widely expecting the US Federal Reserve to leave interest rates unchanged at its upcoming Federal Open Market Committee (FOMC) meeting. However, market participants will be paying closer attention to the central bank’s guidance, updated economic projections, and signals from incoming Chair Kevin Warsh as they assess the direction of monetary policy for

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Tesla after SpaceX: one Musk, two market stories – Saxo Bank

News Desk 16/06/2026

SpaceX has finally done what rockets are meant to do: it has lifted off. But the more interesting question for investors is not only what this means for SpaceX. It is what it means for Tesla. On 12 June 2026, SpaceX made its public market debut after pricing its initial public offering at 135 USD […]

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ECB raises eurozone interest rates as Iran war stokes inflation

News Desk 13/06/2026

The European Central Bank recently adjusted its monetary policy in response to escalating global tensions and the resulting impact on energy costs. Previously, officials had hoped that diplomatic negotiations abroad would stabilize fuel markets, allowing them to maintain their previous approach. However, with the ongoing conflict continuing to elevate expenses for both

NEWS DESK

The inflation test for business models – Saxo Bank

News Desk 11/06/2026

Inflation is the market’s monthly reality check. It arrives with one number, causes many opinions, and usually leaves investors with more questions than comfort. Efficient, if not exactly charming. The United States Consumer Price Index (CPI), a broad measure of consumer prices, is due on 10 June 2026. Economists expect May inflation to rise again, […]

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Gold slips below 200-day average as inflation, jobs and Fed risks bite – Saxo Bank

News Desk 09/06/2026

Gold’s correction deepened over the past week after stronger-than-expected US jobs data and renewed inflation concerns combined to push bullion below its 200-day moving average for the first time since October 2023. The move marks an important technical setback for a market that has spent much of the past four years in a powerful uptrend, […]

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COT update: Gold breaks down as crowded commodity longs continue to unwind – Saxo Bank

News Desk 08/06/2026

Latest on gold following Friday’s slump Gold has been trending lower since mid-April amid an energy-driven inflation scare. Following Friday’s stronger-than-expected US jobs report and a broader deterioration in risk sentiment that also weighed on equities, bullion closed below its 200-day moving average for the first time since October 2023. For now, a

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Copper rally faces tariff roulette, but fundamentals remain tight – Saxo Bank

News Desk 05/06/2026

Copper has extended its rally in 2026, trading around 14% higher year-to-date and roughly one-third above levels seen a year ago. While the magnitude of the move has raised concerns about demand destruction and speculative excess, the underlying story continues to strengthen. Mine supply is struggling to keep pace with demand, smelters are fighting over […]