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

Turkey, Saudi Arabia, Pakistan, Egypt affirm Riyadh's right to defend itself

13:28

Turkey, Saudi Arabia, Pakistan, Egypt affirm Riyadh's right to defend itself

EU chief hails Greenland, Denmark, US deal as 'positive step' for Arctic security

12:32

EU chief hails Greenland, Denmark, US deal as 'positive step' for Arctic security

Ukraine says lifting sanctions on Russian tycoons 'shameful'

12:30

Ukraine says lifting sanctions on Russian tycoons 'shameful'

FM Raggi meets Lebanese community in New York, highlights ties to homeland

12:27

FM Raggi meets Lebanese community in New York, highlights ties to homeland

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Trump says taking control of Iran's oil an 'option'

2026-03-26

Trump says taking control of Iran's oil an 'option'

Iran says has 'right to respond' after Kuwait arrests four citizens

Middle East News

2026-05-13

Iran says has 'right to respond' after Kuwait arrests four citizens

US State Department: Rubio discussed Strait of Hormuz file with Guterres

Middle East News

2026-05-19

US State Department: Rubio discussed Strait of Hormuz file with Guterres

Turkey's Erdogan tells Trump issues with Iran can be resolved, Ankara says

Middle East News

2026-05-21

Turkey's Erdogan tells Trump issues with Iran can be resolved, Ankara says

Videos

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Most read

24 hours

7 days

Month

Lebanon's fuel prices continue to increase

1

Lebanon's fuel prices continue to increase

Saudi civil defense issues warning for province on Yemen border

2

Saudi civil defense issues warning for province on Yemen border

UNIFIL marks International Day of Peace as South Lebanon continues to bear impact of conflict

3

UNIFIL marks International Day of Peace as South Lebanon continues to bear impact of conflict

Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade

4

Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade

Pope Leo heads to France as Church confronts shock of abuse crisis

5

Pope Leo heads to France as Church confronts shock of abuse crisis

Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu: Sources to Reuters

6

Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu: Sources to Reuters

G7 foreign ministers call on Iran to stop arming Houthis

7

G7 foreign ministers call on Iran to stop arming Houthis

Iran Air says not received any regional flight ban despite US sanctions: State media

8

Iran Air says not received any regional flight ban despite US sanctions: State media

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