Commodity markets are on fire — literally. Oil (Brent) was sitting at $113.99 per barrel on April 29, roughly $50 more than a year ago, driven almost entirely by the Strait of Hormuz blockade. The World Bank projects overall commodity prices to rise 16% in 2026, with energy prices surging 24% — the highest since Russia's Ukraine invasion in 2022. As for gold, spot gold is trading near $4,693 per ounce, with analysts at Reuters lifting their 2026 median forecast to $4,916 per ounce, supported by central bank demand and US debt uncertainty. Safe-haven demand is very much alive. 🥇⚡

$BTC | $XRP | $XAU

#BREAKING #russia #oil #GOLD #GAS