AFC LIVE MARKET DASHBOARD — MORNING EDITION 077 — 4 SEPTEMBER 2026
EDITORIAL CUT-OFF: 4 September 2026, 08:00 CAT
BENCHMARK AS-OF: 3 September 2026 settlements; delayed and not executable physical prices.

01 · BOARD POSITION
Gold surges while oil and copper finish nearly flat.
At the 4 September 08:00 CAT editorial cut, the latest corroborated 3 September settlements are November Brent $95.52/bbl (−0.12%), December gold $145,961.17/kg (+2.84%) and LME cash copper $14,359.00/MT (+0.03%). These dated closes are delayed benchmarks, not executable physical prices. Ghana has opened non-binding talks with Shell and Chevron over the South Deepwater Tano Cape Three Points block.

02 · TRADING IMPLICATIONS
Refresh execution inputs; do not confuse exchange direction with physical availability.
Refresh EN590 benchmark, differential, freight, war-risk cover and credit at the quotation window; confirm vessel acceptance and passage. Treat Ghana’s offshore MoU as a negotiation signal, not booked production. For gold, verify assay, lawful origin, custody and refinery acceptance. For copper, specify cash or three-month, quotation period, payable terms and title.

03 · NEXT WATCH
Gold follow-through, Gulf route evidence and African upstream delivery.
Watch whether gold holds its sharp settlement gain after the US employment report, and refresh every benchmark before execution. Monitor named-vessel passage and written war-risk cover, Ghana’s licence negotiations and approvals, CPMZ construction, and the LME cash premium. Public benchmark data remain decision context only.

BENCHMARK CHECK
Oil: November Brent $95.52/bbl, −$0.11 versus $95.63 (−0.12%).
Gold: December COMEX $4,539.90/oz × exactly 32.1507466 troy ounces/kg = $145,961.17/kg; +$125.30 or 2.84% versus $4,414.60/oz.
Copper: LME cash $14,359.00/MT versus $14,355.00/MT (+0.03%); three-month $14,275.00/MT; cash premium $84.00/MT; stocks 234,650 tonnes.
Charts show only the verified 1–3 September settlements; longer histories remain incomplete.

AFRICA SIGNAL
Ghana’s government, GNPC entities, Shell and Chevron signed a non-binding memorandum covering possible rights over the South Deepwater Tano Cape Three Points block. The framework remains subject to negotiation, final licence terms and regulatory approvals. AFC interpretation: monitor licence finalisation and work commitments; the MoU is neither booked production nor available cargo.

Public benchmark data are delayed and not executable physical prices.
Sources:
https://www.wsj.com/market-data/quotes/futures/UK/IFEU/BRENT%20CRUDE/contracts
https://www.reuters.com/business/energy/oil-prices-rise-escalation-middle-east-2026-09-03/
https://finance.yahoo.com/markets/commodities/articles/bc-gold-silver-190014905.html
https://www.marketwatch.com/investing/future/gcz26
https://www.lme.com/market-data/reports-and-data/lme-official-prices
https://www.westmetall.com/en/markdaten.php?action=table&field=LME_Cu_cash
https://www.myjoyonline.com/ghana-secures-major-south-deepwater-tano-deal-as-government-seeks-more-oil-investment/
https://www.reuters.com/business/energy/chevron-shell-sign-preliminary-agreement-with-ghana-country-reviews-oil-gas-2026-09-03/