Gold

Gold is influenced by real yields, the U.S. dollar, inflation expectations, central-bank demand, safe-haven flows and broader liquidity conditions.

Crude oil

Oil reacts to global growth, OPEC+ policy, inventories, production, shipping routes, sanctions and geopolitical disruptions.

Futures structure

Many commodity benchmarks are futures contracts. Contract expiry, roll yield and the shape of the futures curve can matter for instruments that track those markets.

Volatility

Commodity markets can gap on supply disruptions or geopolitical headlines. Position sizing should account for sudden volatility rather than normal intraday ranges alone.