Metals
Metals, Technical Analysis
Silver Price Outlook: Silver Holds Above Key Support as XAG/USD Targets $68 Resistance
Silver prices are heading into Monday trading with a constructive near-term bias after XAG/USD advanced on Friday and reached around $66.76, its highest level since September 10. Silver is also on track to finish the week more than 3% higher, although the broader technical picture remains cautious as trend strength continues to show limited conviction. […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Lithium Price Forecast: Lithium Carbonate Falls to 8-Month Low as China Supply Outlook Improves
Lithium carbonate prices in China fell below CNY 135,000 per tonne in September, reaching their lowest level of the year as a major upward revision to Chinese stockpiles caused markets to reassess the global supply outlook. The revision came after industry group SMM changed its methodology for compiling inventory data, resulting in a 175,000-ton increase […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Gold gains 1% and erases post-Fed losses. Are metals returning to growth
Gold is up around 1% today, trading near $4,380 per ounce. Following an almost 2% rebound on Thursday, the precious metal has erased the losses triggered by the Federal Reserve’s decision and Kevin Warsh’s press conference. Oil is pulling back to just below $103 per barrel today, while gains in U.S. Dollar Index futures have […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Gold sticks to gains on softer bond yields and subdued USD; hawkish Fed caps upside
Gold (XAU/USD) attracts some buyers for the second straight day, though it remains below the weekly top through the Asian session on Friday amid mixed cues. US bond yields retreat further from multi-year highs as the recent pullback in crude oil prices helped alleviate immediate fears of runaway inflation. This, in turn, keeps US Dollar […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Futures Hold Above $6.55 as China Demand Surges, Mine Disruptions Tighten Supply and LME Inventories Rise
Copper futures held above $6.55 per pound on Friday, extending a three-session winning streak as stronger signals from China helped offset concerns about rising exchange inventories and ample near-term availability. The latest move higher has been driven by a combination of stronger Chinese physical demand, long-term consumption expectations from data centers and renewable-energy infrastructure, and […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Chart of the day – Gold rebounds 1.3% despite hawkish Fed stance
Gold is rebounding by more than 1.3% after the decline triggered by the Fed’s first rate hike in more than three years. Higher interest rates are usually negative for gold, which does not generate yield, but the market had already priced in the Fed move to some extent, so the reaction has remained relatively limited. […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Nickel Rebounds From 8-Month Low
Today Markets Analysis Nickel traded around $16,230 per tonne, rebounding from its lowest level in eight months as the recent selloff attracted fresh buying interest. The move represents a technical recovery after the sharp decline, but the broader fundamentals remain challenging. Weak Chinese downstream demand continues to weigh on the nickel market, with nickel salt […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Steel Firms Up on Output Curb Pledge
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 […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Copper Price Rebounds to $6.45 as Fed Rate Hike, AI Demand and Supply Risks Clash
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 […]
by Currency Hedger
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- 2 weeks ago
Market Analysis, Metals, Technical Analysis
Zinc Price Falls Below $3,800 as Strong Dollar and Hawkish Fed Hit Metals, But Supply Shortage Limits Downside
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 […]
by Currency Hedger
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- 2 weeks ago