Metals
Market Analysis, Metals, Technical Analysis
Iron Ore Prices Fall Towards CNY 680 as China Steel Production Restrictions Threaten Demand
Iron ore futures slipped towards CNY 680 per tonne on Wednesday, reaching a one-week low as expectations of further steel production restrictions in China’s major industrial centres raised concerns over raw material demand. The latest weakness reflects growing uncertainty surrounding steel output across Hebei province, where key production hubs including Tangshan and Handan have entered […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
XAG/USD bears have the upper hand below $53.00 pivotal resistance
Silver (XAG/USD) attracts some dip-buyers during the Asian session on Wednesday, reversing a part of the previous day’s retracement slide from the $53.70-$53.75 region, or a one-and-a-half-week top. The white metal currently trades near mid-$52.00s, up around 1.80% for the day, though the upside potential seems limited amid mixed cues. Tuesday’s hotter-than-expected US consumer inflation […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
Copper Price Rebounds Towards $6.30 as China Supply Tightens and AI Demand Returns
Copper prices are rebounding towards $6.30 per pound on Wednesday, recovering from four-month lows as tightening physical supply in China provides renewed support to the market. The recovery reflects growing concerns over the availability of refined copper in the world’s largest consuming market, where record import premiums, reduced shipments and lower domestic smelter production are […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals
Gold Pressured by Fed Rate Hike Bets
Gold held below $4,050 an ounce on Wednesday after tumbling nearly 3% in the previous session, as hawkish comments from Federal Reserve officials and stronger-than-expected US inflation data strengthened expectations of a rate hike in December. US headline inflation slowed to 0.4% MoM in October from 0.6% in September, but came in above market forecasts […]
by Currency Hedger
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- 4 days ago
Market Analysis, Metals, Technical Analysis
Metals Prices Fall as Aluminium Alloy Leads Losses, Silver and Gold Retreat
Today Markets Analysis Metal commodities came under selling pressure in Tuesday’s trading session, with aluminium alloy recording the largest decline among the metals highlighted, falling 2.87%. Lithium carbonate also weakened, losing 1.35%, while silver declined 1% and gold slipped 0.57%. The broad-based weakness suggests a cautious trading environment across industrial and precious metals, with investors […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
Iron Ore Holds Near Four-Week Highs as Falling Shipments Tighten Supply Expectations
Today Markets Analysis Iron ore futures steadied above CNY 680 per tonne on Tuesday, remaining close to four-week highs as declining global shipments and reduced arrivals at Chinese ports provided underlying support to prices. The latest industry data showed a significant reduction in seaborne iron ore supply, with global shipments falling by 5.57 million tonnes […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
XAG/USD trades flat around $53 ahead of US inflation data
Silver price (XAG/USD) consolidates at around $53.00 during the early European trading session on Tuesday. The white metal flattens as investors await the United States (US) Consumer Price Index (CPI) data for October, which will be published at 13:30 GMT. According to estimates, the US headline CPI grew at a faster pace of 3.9% Year-on-Year […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals
Gold Eases Ahead of US Inflation Data
Gold prices edged lower to around $4,120 per ounce on Tuesday, giving back part of the previous session’s gains as investors awaited a key US inflation report that could shape expectations for Federal Reserve monetary policy. Markets are now pricing in an 84% probability of a Fed rate hike in December as policymakers continue to […]
by Currency Hedger
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- 5 days ago
Market Analysis, Metals, Technical Analysis
XAG/USD rises to near $53.00 as lower oil eases inflation pressure
Silver price (XAG/USD) appreciates after two days of losses, trading around $53.00 per troy ounce during the Asian hours on Monday. Silver price advances as declining oil prices eased inflationary pressures. Crude prices dropped after US President Donald Trump stated that further military strikes on Iran are “highly unlikely,” provided progress continues on Iran’s nuclear […]
by Currency Hedger
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- 6 days ago
Market Analysis, Metals, Technical Analysis
Copper Rebounds Above $6.30 as Chinese Supply Tightness and Record Import Premiums Support Prices
Copper futures have climbed above $6.30 per pound, recovering from levels near a four-month low as mounting signs of tightening supply in China provide renewed support to the industrial metal. Import premiums in the world’s largest copper-consuming market have surged to record highs, while inventories tracked by the Shanghai Futures Exchange have fallen sharply to […]
by Currency Hedger
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- 6 days ago