Markets · Commodity markets, September 3

Geopolitical risk is driving the energy complex and lifting precious metals

Thursday, September 3, 2026. From GEO's evening brief, after the close.

Dated Brent pushed above $100/b for the first time in six weeks, per Quantum Commodity Intelligence, on Middle East escalation. Retail diesel set a record $5.820 a gallon even as ULSD futures fell 1.89% to $4.5936/gal. Metals rallied broadly, with palladium up 5.84% to $1,439.90/oz and gold up 2.84% to $4,539.90/oz.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.