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Gold & Silver Market News — Apr 20, 2026, 16:10–20:10 UTC
Apr 20, 04:10 PM - 08:10 PM UTC
Geopolitical Tensions Drive Oil and Commodity Volatility
Renewed tensions between the US and Iran are causing significant volatility in energy markets, with disruptions in the Strait of Hormuz cited as a key risk. Brent and WTI crude oil prices have rebounded sharply on heightened concerns about global supply disruptions. This energy price shock is also impacting inflation outlooks in countries like Canada and creating supply risks
Sources
1Brent: Slower normalisation lifts forecasts – Societe Generale2Gold Price Forecast: XAU/USD remains trapped in a range below $4,8503DXY: Energy shock seen contained in broad range – BBH4GBP: Stabilisation supports MPC focus on expectations – TD Securities5USD/JPY: Policy risks keep pair near 160 – Rabobank6GBP/JPY holds firm near highs as Oil-driven Yen weakness keeps bulls in control