# Commodities: Oil and gold drop amid US dollar strength, partial Saudi ceasefire in Yemen  - Sharecast.com

> Commodities fell across the board on Monday amid concerns about global demand and a stronger US dollar. Brent crude fell about 1.7% as a partial ceasefire between Yemen and Saudi Arabia was reported, while gold also declined.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56976-commodities-oil-and-gold-drop-amid-us-dollar-strength-partial-saudi-ceasefire
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower crude oil prices reduce energy and freight costs and pressure biofuel-linked feedstock values. A firmer dollar also weighs on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- BRENT: bearish ▼

## Sources

- sharecast.com: https://www.sharecast.com/news/commodities/commodities-oil-and-gold-drop-amid-us-dollar-strength-partial-saudi-ceasefire-in-yemen--7042094.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.