US–Iran War Nears End: “Global Market Shift – Gold Pauses, Oil Declines, Base Metals Surge” SO OK TRADING : 14 JUNE 2026

“Gold Pauses – Oil Drops – Base Metals Surge: Global Market Shift” SO OK TRADING : 14 JUNE 2026
In the short term, gold prices continue to hover above $4,200 per ounce, but the easing of Middle East tensions has shifted market focus toward the Federal Reserve’s interest rate decisions and U.S. inflation data. If a peace agreement is officially signed today (June 14, 2026), gold may face immediate selling pressure tomorrow (June 15) due to the “Sell on Fact” phenomenon.
Gold: Currently consolidating, but still in a long‑term uptrend. In the short term, prices may slip below $4,200, with key support at $4,124–$4,059. Global financial institutions continue to view gold as being in a “Structural Bull Market” throughout 2026–2027, with year‑end targets ranging from $5,200 to $6,000.
J.P. Morgan: $6,000–$6,100
UBS: $5,900
Morgan Stanley: $5,200–$5,700
Goldman Sachs: $5,400
Deutsche Bank: Average $4,450
Key drivers include central bank accumulation, soaring U.S. public debt, and limited supply growth from new gold mines.
Oil: Prices plunged following peace news. WTI fell below $85, closing at $84.29–$84.88. Tomorrow’s key support lies at $84.00 → $82.67, and if supply fully recovers, prices may test $78–$76. The reopening of the Strait of Hormuz reduces inflationary pressure and strengthens market belief that the Fed may not need to accelerate rate hikes.
Base Metals (LME): Strong rebound in contrast to gold. With geopolitical risks easing, investment flows have returned to global manufacturing and industry, driving immediate price surges.
Copper: Surged above $13,415/ton, supported by EV demand and global power infrastructure.
Aluminium: Despite lower energy costs, global stockpiles fell 31%, keeping prices firm at $3,498–$3,608.
Zinc: Trading at $3,467–$3,486, supported by construction and galvanized steel demand.
Lead: Stable at $1,962/ton, awaiting demand from battery plant restarts.
Silver: Short‑term decline alongside gold, but poised for rebound on strong demand in solar PV and electronics.
Global Market Overview:
Gold: Short‑term selling pressure, but a fresh accumulation opportunity for long‑term investors.
Oil: Strong downtrend if supply returns to full capacity.
Base Metals: Robust rebound, reflecting renewed confidence in the global economy.
Gold’s current consolidation is not a bearish signal, but rather a new buying opportunity. Meanwhile, oil is entering a downward trend, and base metals are surging — together marking a global market shift that investors must closely monitor.
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