High-stakes week ahead for commodities as Iran deadline, Trump-Xi talks and inflation data loom

May 10, 2026

US inflation and retail sales will be the key macro releases, while Fed speakers will be closely watched given consumer sentiment at a record low and inflation expectations still elevated.

Commodities outlook for next week

Snapshot AI
  • US awaiting Iran’s response to its latest proposal
  • Markets watching the planned Trump-Xi meeting in Beijing on May 14-15
  • US inflation and retail sales to be key macro releases

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