Live Pricing Hubs Launched for Oil, Gold, Silver, Dollar Amid Conflict-Driven Volatility
deVere Group has launched live global pricing hubs for oil, gold, silver, and the US dollar in response to growing demand from investors managing money across borders and currencies.
The move comes as these four markets are being pulled in different directions by the same conflict, according to Nigel Green, CEO of deVere Group. He notes that each market is telling a different part of the story.
Brent crude prices have surged 65% to $126 a barrel in April before easing back towards $90, while gold has cooled from its highs despite a median forecast downgraded twice this year. Silver, however, has told an opposite story, trading near $70 an ounce due to strong demand for solar and AI infrastructure.
The dollar has strengthened against these markets, contrary to predictions made at the start of the year. Green attributes this to higher interest rates and safe-haven flows, which have reshaped the prices of gold, oil, and other dollar-priced assets.