Gold Outlook Report 2023

WTI Extends Gains As US Oil Product Exports Hit Record Highs, Huge SPR Release, Production Dips Oil prices are modestly higher this morning, erasing overnight losses on Trump's 'ceasefire extension' after Iran attacked three ships in the Strait of Hormuz. While headline roulette continues to drive oil prices incrementally, this morning's inventory/supply data from DOE will provide some color on how the API Crude -4.5mm Cushing +700k Gasoline -5.2mm Distillates -4.6mm DOE Crude +1.925mm Cushing +806k Gasoline -4.57mm - 10th weekly draw in a row Distillates -3.43mm - 4th weekly draw in a row Crude stocks unexpectedly saw a build last week...

The USS Gerald R. Ford will return to the US after nearly a year at war.  The Ford is one of three aircraft carrier strike groups in the Middle East. The Washington Post reported speaking with US officials who said USS Ford will be leaving the region in the coming days and return to the […]

US policymakers, particularly under the current Trump administration (as of February 2026), consistently describe Iran as the world’s leading or foremost state sponsor of terrorism. This characterization has been a cornerstone of US policy toward Iran for decades, with Iran designated as a State Sponsor of Terrorism by the US State Department since January 19, […]