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[MARKET ANALYSIS] Oil prices hold onto gains after rallying amid geopolitical concerns with reports noting US and Israeli military are drawing up plans to resume strikes on Iran

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Oil held modest gains amid reports of Saudi attacks and proposed Iran strike plans; gold fell below USD 4,000/oz, while copper remained at a monthly low.

News detail

WTI/Brent: WTI Dec'26 +0.3% / Brent Dec'26 +0.3% Oil prices remain afloat after climbing yesterday amid escalation concerns following renewed Houthi attacks on Saudi Arabia and reports that the IDF and US military are drawing up plans to resume strikes on Iran in the coming weeks. Gold: -0.5% Continued to decline and breached below the USD 4,000/oz level to the downside after recently suffering as geopolitical concerns and a deepening tech rout weighed on risk assets and the metals complex. Copper: -0.3% Lingers at a monthly low with demand hampered by the broadly negative risk sentiment.

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