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Bar chart comparing Wednesday afternoon price moves across oil, gold, and major stock indexes as Iran tensions escalated.

Commodities led Wednesday's cross-asset moves after President Trump dismissed near-term Iran negotiations and warned of possible strikes on Iran's nuclear facility, sending WTI crude to a six-week high of $86.95, its fourth straight day of gains. Gold also outperformed, extending a rally that began Tuesday on ceasefire hopes even though Wednesday's headlines pointed the opposite direction. Canadian and U.S. equities moved far less than commodities did, with the TSX still adding ground while the Dow, S&P 500, and Nasdaq stayed close to flat.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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