--- title: "Flurry of Suspicious Oil Trades Worth $800 -2-" type: "News" locale: "en" url: "https://longbridge.com/en/news/287088150.md" description: "Gold prices have dropped 15% since the onset of the Iran conflict, influenced by a stronger dollar and inflation fears. Meanwhile, palm oil prices fell due to weaker soybean oil prices, though bullish trends may continue. Iron ore prices also declined amid concerns over weaker demand from China, as infrastructure investment continues to fall." datetime: "2026-05-20T15:01:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287088150.md) - [en](https://longbridge.com/en/news/287088150.md) - [zh-HK](https://longbridge.com/zh-HK/news/287088150.md) --- # Flurry of Suspicious Oil Trades Worth $800 -2- 0725 GMT - Gold prices extend the previous session's losses on a firmer dollar as a lack of progress in U.S.-Iran talks fuels inflation fears and expectations of higher interest rates. In early European trading, New York futures are down 0.6% to $4,485.90 a troy ounce. "Surging energy prices linked to the Iran war triggered a broad selloff in global bond markets and pushed U.S. 30-year Treasury yields to levels last seen during the 2007 financial crisis period," says Soojin Kim from MUFG. "Gold has now fallen around 15% since the conflict began." Traders now await the Federal Reserve's minutes from the April meeting due later on Wednesday for more cues on the interest-rate path. (giulia.petroni@wsj.com) \-- Palm Oil Falls on Lower Soybean Oil Prices -- Market Talk 0245 GMT - Palm oil prices fall, weighed by weaker overnight soybean oil prices on the Chicago Board of Trade. However, technical analysis suggests crude palm oil futures remain bullish and could extend gains toward the next resistance level at 4,670 ringgit a ton, AmInvestment Bank says in a note. Any price correction may provide an opportunity to build long positions, it adds. AmInvestment Bank sees support at 4,510 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 19 ringgit lower at 4,566 ringgit a ton. (yingxian.wong@wsj.com \-- Iron Ore Falls Amid Concerns over Weaker Demand -- Market Talk 0202 GMT - Iron ore falls in early Asian trade, with the most-traded iron-ore contract on the Dalian Commodity Exchange down 0.25% at 796.5 yuan a ton. Recent China economic data shows that investment in infrastructure resumed its decline in April, ANZ Research analysts say in a note. There are also concerns that higher energy prices will hit consumers globally, hurting Chinese steel exports, ANZ says. (amanda.lee@wsj.com) Write to Barcelona Editors at barcelonaeditors@dowjones.com (END) Dow Jones Newswires May 20, 2026 10:55 ET (14:55 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [600489.CN](https://longbridge.com/en/quote/600489.CN.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [AEM.US](https://longbridge.com/en/quote/AEM.US.md) - [KGC.US](https://longbridge.com/en/quote/KGC.US.md) - [GOLD.US](https://longbridge.com/en/quote/GOLD.US.md) - [600547.CN](https://longbridge.com/en/quote/600547.CN.md) - [601899.CN](https://longbridge.com/en/quote/601899.CN.md) - [GDXY.US](https://longbridge.com/en/quote/GDXY.US.md) - [159562.CN](https://longbridge.com/en/quote/159562.CN.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [JNUG.US](https://longbridge.com/en/quote/JNUG.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [DUST.US](https://longbridge.com/en/quote/DUST.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [RING.US](https://longbridge.com/en/quote/RING.US.md) - [GDX.US](https://longbridge.com/en/quote/GDX.US.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [NUGT.US](https://longbridge.com/en/quote/NUGT.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [MUFG.US](https://longbridge.com/en/quote/MUFG.US.md) - [8306.JP](https://longbridge.com/en/quote/8306.JP.md) - [ANZ.AU](https://longbridge.com/en/quote/ANZ.AU.md) - [ANZGY.US](https://longbridge.com/en/quote/ANZGY.US.md) ## Related News & Research - [AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED | AEM Stock News](https://longbridge.com/en/news/287063692.md) - [PRECIOUS-Gold falls with MidEast war in focus after Trump pauses strike](https://longbridge.com/en/news/286878933.md) - [PRECIOUS-Gold edges higher as Treasury yields, oil ease; market eyes MidEast developments](https://longbridge.com/en/news/287076175.md) - [PRECIOUS-Gold falls, hovers near 1-1/2-month low on increased rate hike bets](https://longbridge.com/en/news/286888115.md) - [PRECIOUS-Gold falls to 1-1/2-month low on higher US yields, firm dollar](https://longbridge.com/en/news/287016248.md)