Goldman Sachs has warned of significant risks tied to rising oil prices through 2027, citing supply shocks from ongoing Middle East conflict and Strait of Hormuz tensions. Brent crude recently pulled back to $109 a barrel after nearing $119, but the bank warns prices could exceed $147.50, breaching 2008's peak.
The firm highlighted that sustained prices above $100 could fuel inflation, reshaping monetary policy and market dynamics. Russian crude exports remain strong, with African and European cargo prices reaching $120. Logistics disruptions may prolong supply recovery.
Cryptocurrencies remain stable for now, with Bitcoin holding above $70,000 and XRP at $1.45 despite Ethereum’s 2.29% dip. Analysts are split: Bitget’s Ryan Lee dismisses a drop to $10,000 as implausible without extreme shock, while Bloomberg’s Mike McGlone argues institutional sentiment is bearish, calling crypto a 'dead' asset class.
Gold has slipped to $4,672.71, down 8.05% over five days, while silver fell 1.90% to $71.43-reflecting investor recalibration amid macro uncertainty.