---
title: "US MARKET CLOSE | WTI Hits Three-Month High as Copper Extends Gains and Gold Falls"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298371448.md"
description: "WTI crude hit a three-month high and Brent rose 1% to $97.92 amid supply concerns from an explosion on Iran's Kharg Island. Copper prices extended gains, with LME copper up 1.4% to $14,708.5/ton, supported by tight supply and potential US tariffs. Conversely, gold fell 1% to $4,357.88/ounce as traders balanced Middle East tensions against a weaker dollar."
datetime: "2026-09-08T22:12:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298371448.md)
  - [en](https://longbridge.com/en/news/298371448.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298371448.md)
generator: "portal-rs"
---

# US MARKET CLOSE | WTI Hits Three-Month High as Copper Extends Gains and Gold Falls

Brent crude rose to its highest level since late July, while WTI climbed to a more than three-month high after reports of an explosion on Iran's Kharg Island renewed concerns about tighter oil supply. According to Sina Finance, Brent crude rose about 1% to settle at $97.92 a barrel, while WTI futures gained 1.7% from Friday's close to settle at $93.03. London copper extended its rally as tight near-term supply and expectations that the United States will impose tariffs on refined copper imports supported prices. According to Sina Finance, LME copper rose 1.4% to $14,708.5 a ton, while LME aluminum, nickel, zinc and lead also advanced; LME tin fell 0.5%. Gold fell as traders weighed rising Middle East tensions against a weaker dollar. According to Sina Finance, spot gold dropped 1% to $4,357.88 an ounce at 4:45 p.m. in New York, after earlier falling as much as 1.1%.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**