Metals
Metals
Tin Holds Near 2-Month High
Tin futures in the UK were above $54,800 per tonne, holding most of the recent rally that topped at the two-month high of $56,780 amid the outlook of strong demand. Tin demand remained underpinned to the strong outlook on AI infrastructure due to the metal’s utility in data centers. Soaring order growth for Nvidia, per […]
by Currency Hedger
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- 1 month ago
Metals
XAG/USD holds above $69.00 as traders assess Fed stance
Silver price (XAG/USD) rises after posting losses in the previous day, trading around $69.10 per troy ounce during the Asian hours on Thursday. Investors are closely tuning into Federal Reserve (Fed) Chair Kevin Warsh’s upcoming speech at the annual Jackson Hole symposium on Friday. Meanwhile, Silver prices are holding firm as market participants continue to evaluate the trajectory […]
by Currency Hedger
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- 1 month ago
Metals
Gold scales higher on softer US yields as traders await Fed Chair Warsh’s speech
Gold (XAU/USD) catches fresh bids during the Asian session on Thursday, reversing a major part of the previous day’s losses to the $4,583 region, or the weekly low. The precious metal, however, remains below its highest level since May 14, touched on Tuesday, as traders await US Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold remains depressed below $4,650 on firmer USD; looks to US PCE for Fed rate outlook
Gold (XAU/USD) sticks to modest losses below $4,650 heading into the European session on Wednesday, though it lacks bearish conviction and remains confined within the previous day’s broader range. The US Dollar (USD) regains positive traction amid some repositioning ahead of the US Personal Consumption Expenditures (PCE) Price Index and is seen as weighing on […]
by Currency Hedger
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- 1 month ago
Metals
Copper Hits Fresh Record High
Copper futures climbed above $6.7 per pound on Wednesday, reaching a new all-time high as supply-side risks persisted despite a recent easing of the market squeeze. Traders continued to divert shipments toward the US amid elevated premiums and expectations of new tariffs under the Trump administration, with the White House yet to make a final […]
by Currency Hedger
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- 1 month ago
Metals
Iron Ore Gains on China Demand Hopes
Iron ore futures rose toward CNY 720 per ton, moving further away from 14-month lows on hopes for stronger demand in top consumer China ahead of the September peak construction season, while Beijing signaled fresh policy support. Markets are anticipating restocking ahead of the seasonal peak in steel demand as construction activity picks up before […]
by Currency Hedger
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- 1 month ago
Metals, Technical Analysis
Gold moves away from multi‑month top as Fed rate fears and Middle East jitters support USD
Gold (XAU/USD) faces rejection ahead of the $4,700 mark on Tuesday and witnessed an intraday turnaround from its highest level since May 14, touched during the Asian session. Despite tamer July US inflation data, traders are still pricing in around a 75% chance that the US central bank will raise borrowing costs by the end […]
by Currency Hedger
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- 1 month ago
Metals
XAG/USD corrects below $68 in countdown to US PCE Inflation data
Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday. Investors will pay close attention to the US core […]
by Currency Hedger
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- 1 month ago
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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- 1 month 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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- 1 month ago