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Metals
Currency Talk, Metals, Technical Analysis
FX Weekly: Will Jackson Hole be a turning point for the dollar?
Last week was dominated by debt market events. On Wednesday, US Treasury Secretary Scott Bessent announced an expansion of the bond buyback programme, known as the liquidity support buyback. The market reaction was swift: 30-year bond yields fell immediately by 10 bps, and the dollar weakened by 0.9% against the reference euro. Figure 1: G10 […]
by Currency Hedger
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- 48 minutes ago
Metals, Technical Analysis
Gold extends rally as markets await US PCE and Warsh’s Jackson Hole speech
Gold (XAU/USD) holds intraday gains at the start of American trading hours on Monday, building on the strong rally seen last week following the US Treasury’s buyback announcement. At the time of writing, XAU/USD trades around $4,658, up nearly 1.2% on the day at levels last seen on May 15. The Treasury’s decision to increase […]
by Currency Hedger
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- 5 hours ago
Metals
Steel Drops to 4-Week Low
Steel rebar futures fell to around CNY 3,070, retreating from multi-week highs to four-week lows as weak construction activity and elevated rebar inventories continued to weigh on sentiment. China’s property market remained under pressure, with new home prices falling year-on-year in July, while rebar stockpiles stayed above year-ago levels. Weak mill profitability also limited buying […]
by Currency Hedger
- 0 Comments
- 11 hours ago
Metals
Copper Falls as Inventories Ease Supply Concerns
Copper futures fell to around $6.55 per pound on Monday, retreating from recent gains as a sharp build-up in exchange inventories eased concerns over near-term supply tightness. LME-monitored copper inventories stood at 238,575 tons on August 20, about 16% above their February low, while SHFE-monitored stocks jumped 28.4% last week to 89,548 tons. The rise […]
by Currency Hedger
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- 11 hours ago
Metals
Iron Ore Weakens Despite China Stimulus
Iron ore futures hovered around CNY 710 per ton, with underlying demand concerns persisting despite fresh Chinese stimulus signals. China’s steel output fell 3.6% year-on-year to 76.93 million tons in July, the lowest for the month since 2017, while inventories remained elevated. Weak property activity weighed on demand, with home prices down 3.2% year-on-year, while […]
by Currency Hedger
- 0 Comments
- 13 hours ago
Metals, Technical Analysis
Gold gains momentum above $4,600 on US Treasury buyback plans
Gold price (XAU/USD) gains traction to around $4,625 during the early Asian trading hours on Monday. The precious metal climbs to the highest since May 15 as the US Treasury’s buyback support plan weighs on the US Dollar (USD). US Treasury Secretary Scott Bessent said on Thursday the government could increase bond buybacks beyond $4 billion, […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Metals, Technical Analysis
XAG/USD holds bullish below $70.00/two-month high set on Friday
Silver (XAG/USD) seesaws between tepid gains and minor losses around the $69.00 mark through the Asian session on Monday. The white metal, however, remains within striking distance of a two-month high, around the $70.00 psychological mark touched on Friday, and seems poised to appreciate further. The XAG/USD holds a near-term bullish bias following last week’s breakout […]
by Currency Hedger
- 0 Comments
- 14 hours ago
Metals
Platinum Hits 11-Week High
Platinum futures climbed above $1,870 an ounce, hitting an eleven-week high, as a weaker US dollar and renewed demand for precious metals lifted the market. The greenback came under pressure amid concerns over the US fiscal outlook and skepticism about the Treasury’s expanded bond-buyback program, which investors viewed as unlikely to provide a lasting solution […]
by Currency Hedger
- 0 Comments
- 1 day ago
Metals
Copper Rises as Supply Concerns Persist
Copper futures climbed above $6.5 per pound on Friday, recovering losses from earlier in the week as tight physical supply continued to underpin prices. The copper market remains vulnerable after months of outflows, partly due to metal being diverted to the US ahead of anticipated tariffs. Top producer Chile also expects copper output to decline […]
by Currency Hedger
- 0 Comments
- 1 day ago
Metals, Technical Analysis
Gold hits three-month peak above $4,600 as Middle East risks fuel rally
Gold price hits a three-month high and is poised to end the week with gains of over 5.6%, even though business activity in the services sector in the US was solid. Recent developments in the Middle East and a softer US Dollar underpin the yellow metal, which has surpassed the $4,600 threshold. The XAU/USD trades at […]
by Currency Hedger
- 0 Comments
- 1 day ago
