Metals
Metals, Technical Analysis
Silver Price – XAG/USD jumps to near $37 amid drop in US Dollar, bond yields
Silver price (XAG/USD) is up 1.25% to near $67.00 during the Asian trading session on Tuesday. The white metal strengthens as the US Dollar (USD) and United States (US) Treasury Yields come under pressure, with investors shifting their focus to the Consumer Price Index (CPI) data of August scheduled for Friday. As of writing, the […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
Gold benefits from weak USD; eyes $4,450 as focus remains on US CPI data
Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday, snapping a two-day losing streak as the recent US Dollar (USD) pullback from a three-week high gains momentum amid the rallying Japanese Yen (JPY). However, hawkish US Federal Reserve (Fed) expectations, along with persistent geopolitical uncertainties, offer some support to the safe-haven buck and cap the non-yielding […]
by Currency Hedger
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- 4 weeks ago
Institutional, Metals
Copper is breaking ATH. What does KGHM have to say about this.
Copper prices have soared to record highs, breaking through the US$14,530 per tonne barrier on the London Metal Exchange (LME). Despite disappointing data from China – which traditionally drives demand for industrial metals – the market is experiencing an unprecedented short squeeze and a supply panic. Against the backdrop of a global scramble for physical […]
by Currency Hedger
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- 4 weeks ago
Metals
Copper Moves Toward Record High
Copper futures climbed to around $6.7 per pound on Tuesday, nearing fresh record highs as expectations of new US import tariffs on the metal continued to encourage traders to redirect shipments toward US warehouses, tightening supplies elsewhere. The persistent premium on copper futures traded on New York’s Comex continued to create arbitrage opportunities, even as […]
by Currency Hedger
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- 4 weeks ago
Metals
Iron Ore Hits 5-Week High
Iron ore futures rose toward CNY 740 per ton, approaching five-week highs as elevated freight costs and expectations of pre-holiday restocking in top consumer China supported prices. Shipping costs remained elevated amid strong energy prices as the US and Iran exchanged strikes in the Middle East over the weekend, keeping supply risks high. Investors also […]
by Currency Hedger
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- 4 weeks ago
Metals
Copper Eases on Fed Rate Hike Concerns
Copper futures slipped to around $6.55 per pound on Monday, ending a two-day rally as stronger-than-expected US jobs data strengthened expectations for a Federal Reserve rate hike this month, weighing on the demand outlook for industrial metals. Investors also assessed rising inflation risks after oil prices extended their gains as the US and Iran exchanged […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
XAG/USD holds losses near $66.00 due to Fed rate hike bets
Silver price (XAG/USD) inches higher after opening at a bearish gap, remaining in negative territory and trading around $66.10 per troy ounce during Asian hours on Monday. Silver prices remain under pressure as stronger-than-expected United States (US) employment data fuels expectations of an imminent Federal Reserve interest rate hike. According to the US Bureau of Labor Statistics, August Nonfarm […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
XAU/USD falls below $4,400 as strong US jobs data raise the prospects for Fed rate hike
Gold price (XAU/USD) tumbles to near $4,395 during the early Asian session on Monday. The precious metal extends the decline as robust US employment data boost US Federal Reserve (Fed) rate hike bets. The US Nonfarm Payrolls (NFP) climbed by 162K in August, the US Bureau of Labor Statistics (BLS) revealed on Friday. This figure followed July’s […]
by Currency Hedger
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- 4 weeks ago
Metals, Technical Analysis
Gold drops sharply following strong NFP
Highest employment growth since March renews expectations for a Fed rate hike in September The price of gold dropped by about $80 per ounce to levels below $4,400 per ounce in the initial reaction following strong NFP data. The better-than-expected reading triggered an immediate strengthening of the US dollar and a rise in US Treasury […]
by Currency Hedger
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- 4 weeks ago
Metals
Iron Ore Set for Second Weekly Gain
Iron ore futures climbed toward CNY 730 per ton and were on track for a second consecutive weekly gain, supported by elevated ocean freight costs and expectations of pre-holiday restocking in top buyer China. Poor weather in the Pacific, higher oil prices, and increased transshipment volumes from Guinea have pushed up freight costs, providing support […]
by Currency Hedger
- 0 Comments
- 4 weeks ago