Oil Climbs on Supply Disruptions While Gold and Currencies Ease

Energy markets saw the sharpest reaction on Monday, September 14. Crude oil advanced as Middle East supply disruptions raised concerns about production, sending U.S. crude to $103.61 per barrel and Brent crude to $107.93 per barrel.

Precious metals moved in the opposite direction on Monday, September 14. Gold fell as higher oil prices heightened inflation concerns and boosted expectations for tighter Federal Reserve policy. A stronger dollar and rising Treasury yields added downward pressure on bullion, as the 10-year yield briefly traded above 5%.

Major foreign exchange markets reflected that broader rate backdrop on Monday, September 14. The Japanese yen weakened against the dollar as the greenback climbed to 154.99 yen, while the euro also weakened against the dollar to $1.1533.

In continuous round-the-clock trading following Monday's session, commodities saw further declines. By 10:35 am New York, overnight trading showed additional weakness across precious metals, including silver -2.2% and gold -1.7%.

Digital currencies recorded a quiet session with little momentum. On Monday, September 14, trading remained calm across major tokens, with Bitcoin -0.1% and Ethereum +0.3%.

What to Watch

The rest of the week brings several scheduled macroeconomic releases and central bank announcements:

• The Federal Reserve policy meeting convenes on September 15 and 16, concluding with an interest rate decision, quarterly economic projections, and a press conference.
• Key U.S. economic data includes retail sales, import prices, industrial production, and initial jobless claims, alongside regional manufacturing surveys and housing figures.
• International policy meetings will follow, with the Bank of England rate decision on September 17 and the Bank of Japan policy conclusion on September 17 and 18.