Middle East Flashpoint: Implications for oil and gold

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts With tensions escalating in the Middle East, markets are on edge. Are we seeing a fundamental supply shock in oil —or just a sentiment-driven spike? What are the ripple effects on oil trade routes and prices? And will gold continue to benefit as a safe haven amid rising geopolitical risk and central bank demand?Richard Tang, China Strategist and Head of Research Hong Kong, speaks with Norbert Rücker, Head of Economics and Next Generation Research, to unpack the implications for commodities—and what long-term investors should keep in mind.