Today Markets Analysis Steel rebar futures held above CNY 3,120 per ton on Thursday, remaining close to two-month highs as Chinese steelmakers pledged to curb production and reduce elevated inventories amid sharply deteriorating margins. The move comes as China’s steel industry faces an increasingly difficult operating environment. The China Iron and Steel Association, together with […]
Today Markets Analysis Copper futures climbed to around $6.45 per pound on Thursday, extending gains for a third consecutive session as the broader metals complex rebounded after the Federal Reserve delivered its widely anticipated interest-rate increase. The rally comes despite a more complicated macro backdrop. The Fed raised rates by 25 basis points and signalled […]
Today Markets Analysis Zinc prices have come under renewed pressure, falling toward and below the $3,800-per-tonne area as a stronger US dollar and the Federal Reserve’s hawkish policy outlook weigh on industrial metals. The Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00%, its first increase in more than three years, while policymakers […]
Today Markets Analysis Gold remains under pressure around the $4,300-per-ounce area as investors digest the Federal Reserve’s first interest-rate increase in three years and its signal that another hike could follow before the end of 2026. The Federal Reserve raised the federal funds target range by 25 basis points to 3.75%-4.00% at its September 15-16 […]
Today Markets Analysis Platinum futures remained under pressure around the $1,780-per-ounce area, with the precious metal trading close to two-week lows as a stronger U.S. dollar and a more hawkish Federal Reserve offset longer-term supply concerns. The Federal Reserve raised interest rates by 25 basis points to 3.75%-4.00% on September 16, while policymakers indicated that […]
Copper is attempting to stabilise after its latest correction, with the broader technical structure continuing to point toward an underlying bullish trend. The metal has recently experienced increased volatility after reaching record levels, with the latest pullback taking prices toward an important technical support area. On September 16, copper was recovering around the $14,000-per-tonne region […]
Today Markets Analysis: Palladium has rebounded toward $1,320 per ounce, recovering from a three-week low as a softer US dollar and renewed short covering provide support ahead of the Federal Reserve’s latest policy decision. The recovery comes alongside broader gains across precious metals, with markets pricing a 92.4% probability of at least a 25-basis-point rate […]
Today Markets Analysis: Gold has climbed back above $4,300 an ounce, recovering after two consecutive sessions of losses as the recent momentum in oil prices and global bond yields began to fade ahead of the latest US Federal Reserve policy decision. The move higher comes as markets reassess the competing forces driving bullion. Lower momentum […]
Gold breaks important support levels a day ahead of the Fed decision, during which the market is largely confident of an interest rate hike Gold is down about 0.75% today, pulling back toward $4,266 per ounce on the eve of the Federal Reserve decision. Short-term investors fear position reductions in gold due to sharply rising […]
Commodity Overview It is worth noting the low RSI on the part of coffee, gold, and nickel, while at the same time an extremely high level is found on oil and European gas. Source: XTB Natgas European Natgas is already trading around 83 EUR/MWh, approaching resistance associated with the 127.2 Fibonacci retracement of the March-April […]