Global commodity markets rise amid oil supply risks and precious metal surges

Global commodity markets are experiencing significant volatility driven by geopolitical tensions and shifting monetary expectations. Crude oil prices have risen, with Brent approaching $94 per barrel and WTI at approximately $86.64 per barrel. This upward trend is fueled by supply concerns stemming from potential U.S. economic sanctions on Iran and disruptions in oil shipments through the Strait of Hormuz.

In the precious metals sector, silver has seen a substantial increase of roughly 20% in August, reaching nearly $70 per ounce. This surge is attributed to declining U.S. Treasury yields, expectations of Federal Reserve interest rate adjustments, and a multi-year supply deficit. Gold prices have also climbed, supported by a weakening U.S. dollar and safe-haven demand, with the SPDR Gold Trust significantly increasing its holdings.

In Vietnam, domestic fuel prices have adjusted upward following international trends, with diesel seeing notable increases. Local silver prices remain stable near $69 per ounce, reflecting broader global market movements.