Metals
Institutional, Metals
Commodity Talk: How Long Can Oil Prices Stay Elevated?
Today Markets Analysis: Energy markets dominated the commodity landscape this week as the escalating US-Iran conflict pushed Brent crude back above the psychologically important $100 per barrel threshold. Brent gained 8.3% on the week, returning to levels last seen in May, while natural gas has surged around 30% over the past month. With no ceasefire […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Silver Price Forecast: Bears Retain Control as XAG/USD Fails to Reclaim Key Neckline
Today Markets Analysis: Silver prices recovered more than 1% from their two-day lows on Friday, but the rebound has yet to change the short-term technical picture. XAG/USD remains below the key $64.10–$64.15 head-and-shoulders neckline, leaving sellers in control while momentum indicators continue to favour the downside. Silver Rebounds, but Neckline Remains a Barrier Silver traded […]
by Currency Hedger
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- 2 months ago
Institutional, Metals, Technical Analysis
Chart of The Day – Gold at a Crossroads: Bull or Bear Market?
Higher-than-expected U.S. CPI data for August, due today at 14:30, could trigger volatility in gold and the broader metals market. Precious metals may therefore remain in focus both before and after this key U.S. macroeconomic release. Gold has already rebounded twice from the $4,300 area in recent weeks, and a return above the 200-period EMA […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Iron Ore Extends Fall as Steel Margins Weaken
Iron ore futures fell below CNY 720 per ton, extending losses for a third straight session as weakening steel margins in China clouded the demand outlook for the key steelmaking ingredient. Industry data showed that only around 8% of Chinese mills remained profitable, down on both a weekly and annual basis from roughly 30% and […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Steel Drops to 3-Week Low
Steel rebar futures slipped toward CNY 3,060 per ton, reaching a three-week low as worsening profitability across China’s steel sector weighed on sentiment. Industry data showed that only around 8% of Chinese mills were profitable, down from roughly 30% a week earlier and 60% a year ago. The reading was also the weakest since September […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Nickel Falls to 2-Month Low
Nickel traded around $16,550 per tonne, falling to its lowest level since July, as prospects for increased Indonesian supply weighed on prices. Indonesia’s Weda Bay Nickel, one of the world’s largest nickel mining operations, restarted mining after four months of care and maintenance, potentially bringing additional ore supply back to the market, although the ramp-up […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Silver Price – XAG/USD slips below $63.50 amid rising Fed rate hike odds
Silver price (XAG/USD) extends its losses for the second successive day, trading around $63.30 per troy ounce during Asian hours on Friday. Silver prices are declining as expectations grow for a Federal Reserve (Fed) rate hike in September. According to the CME FedWatch Tool, markets are currently pricing in a greater than 72% probability of […]
by Currency Hedger
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- 2 months ago
Metals, Technical Analysis
Gold eyes $4,300 break as USD sticks to gains amid Fed hike bets, ahead of US CPI
Gold (XAU/USD) struggles to register any meaningful recovery and languishes near a one-and-a-half-week low, touched during the Asian session on Friday. The US Producer Price Index (PPI) report lifted Federal Reserve (Fed) interest rate hike bets, which continue to underpin the US Dollar (USD) and cap the upside for the non-yielding bullion. Traders also seem […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Copper Holds Decline as Tariff Fears Ease
Copper futures traded around $6.45 per pound on Friday after plunging nearly 5% in the previous session, pressured by reports that the US is reconsidering plans to impose import tariffs on refined metals. US officials were reportedly concerned that the proposed levies could push domestic copper prices even higher and increase manufacturing costs. The metal […]
by Currency Hedger
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- 2 months ago
Institutional, Metals
Zinc Holds Decline
Zinc prices hovered below $3,900 per tonne after pulling back sharply from an over four-year high, amid a broader, sentiment-driven selloff across the base-metals complex. The downturn was triggered by a report that the White House was hesitating over import tariffs on refined copper, prompting traders to unwind bullish positions and take profits. Increased bets […]
by Currency Hedger
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- 2 months ago