Commodity Compass - 6/16 - Commodities on High Alert Following Escalations in Iran

This week on The Commodity Compass, we break down a volatile rally across precious metals, energy, and agriculture. Gold and silver surged as geopolitical tensions and safe-haven demand drove prices to multi-year highs. WTI crude jumped over 13% following escalating conflict between Israel and Iran, while a sixth straight decline in U.S. rig counts added fuel to the fire. Meanwhile, wheat and soybeans climbed on adverse weather and export demand, rounding out a week of broad-based commodity strength.