Over the weekend, Ukrainian President Zelensky said there was a possibility of a ceasefire with Russia by 2025, while Israel agreed in principle to a ceasefire with Lebanon. While the word “in principle” is not a sure thing for a ceasefire, it could ease market concerns, which could be unfavorable for gold prices. However, news that OPEC is extending its production cuts is still good for oil prices. Don’t sell too soon before WTI hits a high of $72.

Geopolitical Ceasefires and OPEC Cuts Shape Market Sentiment

Nov 25 2024