WEEX Market Watch: Geopolitical Risks Escalate, Crude Oil Strengthens, Precious Metals Under Pressure and Decline

TechFlow News, June 11: According to WEEX TradFi data, crude oil and energy-related assets rallied broadly on June 11 amid heightened geopolitical tensions in the Middle East and recent tough rhetoric from Trump toward Iran, fueling market concerns over energy supply security. Specifically, USOON rose over 3.28% in the past 24 hours, CRUDEOIL gained 3.05%, OXYON climbed 2.90%, and XOMON advanced 1.34%. WEEX Labs believes this rally is primarily driven by geopolitical conflict premiums and heightened energy security expectations; declining crude oil inventories further bolstered oil prices, while capital is expanding beyond single-energy assets into broader energy-sector value chains. Meanwhile, precious metals faced short-term pressure, as safe-haven demand for gold and silver was dampened by movements in the U.S. dollar and U.S. Treasury yields.