Energy Shock, Rate Fears Keep Commodity Markets on Edge Amid Iran Conflict

• Uncertainty over the Iran conflict continues to dominate global markets, eroding risk appetite.
• US Dollar strengthens as a safe-haven, while US equities see a fifth consecutive weekly decline.
• Crude oil prices remain elevated, forcing markets to scale back rate-cut expectations despite Fed guidance.
• Gold prices fall for the fourth straight week due to forced liquidation and fading rate-cut hopes; silver shows stability.
• Base metals, led by copper, rebound; oil prices rise with WTI above $101 and Brent above $114.5 a barrel.