Gold has climbed towards $4,150 per ounce, recovering from recent losses as the end of crude oil’s five-session rally eases some pressure across financial markets. However, the recovery remains vulnerable to changing expectations for US monetary policy. September inflation exceeded forecasts, strengthening concerns that the Federal Reserve may need to maintain tighter financial conditions or […]
The metals complex is experiencing broad selling pressure, led by a sharp 5.96% decline in silver. Platinum has fallen 3.92%, lithium carbonate has lost 3.05%, and gold is down 1.33%. The scale of the declines highlights weakness across both precious and industrial metals, although the underlying drivers differ. Silver and platinum are exposed to industrial […]
Steel rebar futures move toward CNY 3,080 per ton, approaching two-month lows as a weaker global demand outlook weighs on the market. The World Steel Association has revised its forecast, now projecting global steel demand to contract by 0.1% in 2026, compared with its previous expectation of 0.3% growth. The downgrade highlights a slower-than-anticipated recovery, […]
Gold (XAU/USD) ticks higher during the Asian session on Wednesday, holding above $4,150 as traders now look forward to the latest US inflation figures before placing fresh directional bets. The US Consumer Price Index (CPI) is due for release later today, followed by the Producer Price Index (PPI) on Thursday. Apart from this, US Federal […]
Copper prices are extending their advance as labour disputes and adverse weather conditions disrupt mining operations in Chile, the world’s largest copper producer. Futures have climbed above $6.70 per pound, moving closer to record highs as uncertainty surrounding production at major mines adds to concerns about global supply availability. The potential strike at BHP’s Escondida […]
Silver price (XAG/USD) gains ground after two days of losses, trading around $59.20 per troy ounce during Asian hours on Wednesday. Non-yielding Silver gains following dovish remarks from New York Federal Reserve President John Williams. Speaking on Tuesday, Williams noted that while he maintains his view that one more rate hike may be appropriate this […]
Metals markets are showing divergent price action, with lithium carbonate leading the declines while iron ore and aluminum alloy also trade lower. Platinum and gold are moving higher, highlighting the different supply-demand and macroeconomic forces influencing industrial metals and precious metals. Market Snapshot Lithium Carbonate: Supply and Battery Demand in Focus Lithium carbonate is the […]
Gold (XAU/USD) retains a mildly positive bias through the first half of the European session, though it remains capped below the $4,200 mark and the top boundary of a two-week-old trading range. The US Dollar (USD) retreats from its highest level since April 2025 amid some profit-taking, offering support to the precious metal. However, the US […]
Iron ore prices remain under significant pressure as abundant global supply, elevated Chinese port inventories and easing freight costs reinforce the bearish outlook for the steelmaking raw material. With mining companies increasing shipments and global steel demand facing renewed uncertainty, the market risks further downside unless Chinese consumption improves or supply growth begins to moderate. […]
Contributor: Currency Hedger | Market Analysis: Louis Roche, Today Markets Nickel prices remain under pressure as ample global supply, elevated exchange inventories and a stronger US dollar weigh on the industrial metal. With nickel trading around $15,600 per tonne in the supplied market snapshot, close to a recent low near $15,510, the market continues to […]