If by COMEX market you mean the main actively traded commodities — Gold, Silver, Crude Oil and Copper — the overall theme for this week (14–18 September 2026) is high volatility + Fed-driven moves.
📊 COMEX Weekly Outlook
AssetWeekly BiasKey Driver🥇 GoldBearish / volatileFed hike expectations, USD & yields🥈 SilverBearish–neutralGold direction + Fed + industrial demand🛢️ Crude OilBullish / volatileMiddle East supply & shipping risks🔶 CopperNeutral / volatileChina demand, tariffs & global growth
🥇 Gold
Gold is under pressure after falling toward the $4,300 area. Markets are now pricing a very high probability of a Fed hike this week, while stronger oil prices are adding inflation concerns. (Reuters)
Key levels from your current setup:
Resistance: $4,347–$4,348
Support: $4,280–$4,300
Below $4,300 → $4,280 becomes important
Reclaim above $4,348 → bearish pressure can weaken
🛢️ Crude Oil
Oil remains the strongest commodity theme. Brent moved above $107 and WTI above $102 as Middle East shipping and supply-disruption risks increased. (Reuters)
Bias: Bullish but extremely volatile.
🥈 Silver
Silver is likely to follow gold's direction this week, but can make larger percentage moves because of its dual precious-metal and industrial exposure. The Fed decision and USD/yields are key.
🔶 Copper
Copper could remain choppy as traders balance global growth/China demand against tariff and supply-side developments. Higher energy prices also increase the risk of inflation-driven monetary tightening.
🚨 Biggest Event of the Week
FOMC – September 15–16. Markets are focused not only on the rate decision but also on the Fed's guidance for future policy. Current expectations are heavily tilted toward a 25-bp hike. (Reuters)
Simple weekly view:
🥇 Gold: Bearish below $4,348
🥈 Silver: Volatile / bearish bias
🛢️ Oil: Bullish but high risk
🔶 Copper: Range-bou
farah khan