CITIC Securities: US-Iran Talks in June 2026 Drove Oil Prices Down; Fed Rate Hikes Key for Gold
2026-07-03 01:15:27
A CITIC Securities research note said the start of U.S.-Iran peace talks and the signing of an agreement in June 2026 led to a sharp pullback in crude oil prices, but the conflict could have a longer-lasting impact on inflation and increase macro volatility, according to 36Kr. The note added that whether the U.S. Federal Reserve begins raising interest rates would have a significant impact on gold and other precious metals. Looking to the third quarter, CITIC Securities expects commodity prices to remain divergent, and said it is positive on copper, lithium carbonate, electrolytic aluminum and coal, citing clearer demand-side support.
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