LBCI

Precious metals, oil slide as global tensions ease; copper down

World News

05-02-2026 | 04:41

Share

Share

Precious metals, oil slide as global tensions ease; copper down

Prices of commodities, from silver and gold to crude oil and copper, dived on Thursday, as global tensions eased after a telephone call between the leaders of China and the United States, which is also set for talks with Iran this week.

Silver plunged almost 15% while gold, crude oil and copper fell about 2% as investors pared positions on a strengthening U.S. dollar, in which all commodities are priced.

"We saw extreme volatility in precious metals and other commodities this week, and what we are witnessing today are some aftershocks," said Tony Sycamore, an analyst at broker IG.

"Talks between Iran and the United States appear to be back on track, which has removed some of the geopolitical premium from commodity markets, particularly oil," he added.

Reuters

World News

metals,

slide

global

tensions

ease;

copper

Next

China says expiration of US-Russia arms treaty regrettable

Russia says 'progress' in talks with Ukraine in Abu Dhabi

Previous

Recommended For You

Pope says Christians cannot promote war

14:33

Pope says Christians cannot promote war

US says it fired on and disabled an oil tanker that violated Iran port blockade

Middle East News

12:32

US says it fired on and disabled an oil tanker that violated Iran port blockade

Hegseth: It would be unwise for Iran to further challenge the United States

Middle East News

11:58

Hegseth: It would be unwise for Iran to further challenge the United States

Bill Gates tells Epstein hearing he 'never victimized anyone'

11:37

Bill Gates tells Epstein hearing he 'never victimized anyone'

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

'Significant damage' to runway at Kuwait base hosting Italian troops: Italy

Middle East News

2026-02-28

'Significant damage' to runway at Kuwait base hosting Italian troops: Italy

Hezbollah lawmaker calls on Lebanon to 'withdraw' from Israel talks

2026-04-24

Hezbollah lawmaker calls on Lebanon to 'withdraw' from Israel talks

FM Rajji: Hezbollah's weapons have lost their justification, Lebanon committed to extending state authority

10:14

FM Rajji: Hezbollah's weapons have lost their justification, Lebanon committed to extending state authority

Car bomb in Damascus kills one: Civil defense source to AFP

Middle East News

2026-05-19

Car bomb in Damascus kills one: Civil defense source to AFP

Videos

Rene Mouawad Airport in Qlayaat opening ceremony held in presence of Lebanese officials—Video

2026-06-06

Rene Mouawad Airport in Qlayaat opening ceremony held in presence of Lebanese officials—Video

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

2026-05-31

Israeli army releases footage of first tank crossing Litani River toward Beaufort Castle

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Most read

24 hours

7 days

Month

Netanyahu calls on Lebanese people to join Israel against Hezbollah

1

Netanyahu calls on Lebanese people to join Israel against Hezbollah

Israeli army issues evacuation warning for new villages in South Lebanon

2

Israeli army issues evacuation warning for new villages in South Lebanon

Diplomatic sources tell LBCI that French efforts to amend Lebanese-Israeli joint statement are untrue

3

Diplomatic sources tell LBCI that French efforts to amend Lebanese-Israeli joint statement are untrue

FM Rajji: Hezbollah's weapons have lost their justification, Lebanon committed to extending state authority

4

FM Rajji: Hezbollah's weapons have lost their justification, Lebanon committed to extending state authority

Strike hits center of Sidon in South Lebanon: AFP

5

Strike hits center of Sidon in South Lebanon: AFP

Lebanese diplomatic source to Al Jazeera: “Pilot zones” are only path to halt deterioration and launch reconstruction

6

Lebanese diplomatic source to Al Jazeera: “Pilot zones” are only path to halt deterioration and launch reconstruction

Erdogan says Israel's attacks on Syria, Lebanon threaten Turkey too

7

Erdogan says Israel's attacks on Syria, Lebanon threaten Turkey too

Lebanon death toll since March 2 from Israeli attacks rises to 3,696, Health Ministry says

8

Lebanon death toll since March 2 from Israeli attacks rises to 3,696, Health Ministry says

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More