Gold Futures Fall on Stronger U.S. Dollar, Higher Oil Prices — Market Talk

Palm oil ends higher, supported by stronger crude oil and soybean oil prices amid the conflict in the Middle East, according to David Ng, a trader at Kuala Lumpur-based Iceberg X. U.S. launched strikes on Iran's key nuclear sites over the weekend, which may lead to a further escalation of the Israel-Iran war. Ng sees support for prices at 4,050 ringgit a ton and resistance at 4,250 ringgit a ton. The Bursa Malaysia Derivatives contract for October delivery rises 7 ringgit to 4,125 ringgit a ton. (tracy.qu@wsj.com)

Arabica coffee futures traded around $3.20 per pound, holding close to their lowest since January, helped by an improved supply outlook.

The harvest in Brazil is progressing well, with a more positive crop forecast compared to earlier this year, aided by the absence of frost and favorable weather conditions, including extended rainfall, which should boost productivity next season.

According to Itaú BBA’s Agro Consultancy, early estimates for the 2025/26 global coffee cycle indicate improved overall supply, with a smaller Arabica crop expected to be offset by growth in Conilon production.

Meanwhile, geopolitical tensions—particularly the escalating conflict between Israel and Iran—and global economic uncertainty have prompted funds and speculators to push futures prices sharply lower.

By Adriano Marchese

Kiwetinohk Energy said that it is considering an exit from its power business as part of a broader strategy review of the business.

The natural gas producer and power generation company said Monday that it has launched a formal business strategy review to evaluate a range of potential value-enhancing opportunities with a focus on the its upstream assets as well as a potential divestiture of its power business.

The company cautioned that there can't be any assurance of any particular outcome from the strategy review.

Write to Adriano Marchese at adriano.marchese@wsj.com