Iron ore prices are approaching CNY 670 per tonne, hovering near four-year lows as weakening profitability among Chinese steelmakers undermines demand prospects. The decline reflects growing pressure on the steel industry’s economics, with lower blast furnace operating rates pointing to softer production activity and reduced appetite for raw materials. Data from 247 Chinese steel mills […]
Metals markets are showing mixed performance in the latest commodity snapshot, with lithium carbonate leading the gainers at 1.34%, followed by silver, up 0.55%, and gold, which advances 0.46%. On the downside, platinum falls 0.82%, while iron ore traded in Chinese yuan declines 0.67%. The contrasting moves highlight differing price dynamics across battery materials, precious […]
Silver price (XAG/USD) declines after opening at a bullish gap, trading around $53.70 per troy ounce during Asian hours. Silver price falls as safe-haven demand eases after US President Donald Trump ruled out immediate military action against Iran. Speaking to Al Jazeera, Trump stated, “There will not be a strike today.” However, market anxiety persists […]
Gold is trading below $4,000 per ounce, hovering near its lowest level in more than three months as investors assess escalating geopolitical tensions in the Middle East and prepare for key central bank decisions. Despite the region’s rising security risks, the prospect of persistently higher interest rates is weighing on the precious metal. Uncertainty surrounding […]
Metals Commodities Market Snapshot The metals market is showing divergent price performance, with lithium carbonate leading the declines while platinum, silver and gold also move lower. On the positive side, aluminum alloy leads the reported gainers, followed by copper and iron ore traded in Chinese yuan. The latest movements point to mixed conditions across precious […]
Silver price (XAG/USD) claws back a majority of its early losses and rebounds to near $54.50 in the early European trade on Friday. The white metal bounces back after posting a fresh Year-Till-Date (YTD) low near $53.46. The outlook of the Silver price remains uncertain amid rising oil prices due to energy supply risks. Higher […]
Gold prices are falling towards $4,000 per ounce, approaching their lowest levels in nearly three months as a deepening sell-off in technology and artificial intelligence stocks triggers widespread liquidation across precious metals. Investors are selling gold to cover losses and meet liquidity requirements elsewhere in their portfolios, placing additional pressure on prices despite continuing uncertainty […]
Platinum futures have fallen below $1,560 per ounce, reaching their lowest level since November 2025, as a liquidity-driven sell-off across precious metals coincides with a broader equity market rout. Growing concerns about the sustainability of artificial intelligence investment are weighing on investor confidence, while forced liquidations and rising inflation risks are adding further pressure to […]
Gold (XAU/USD) comes under some renewed selling pressure on Thursday and drops to a fresh one-week low during the Asian session, with bears now looking to extend the downward trajectory further below the $4,100 mark. The latest US inflation figures, released last week, reaffirmed market bets for an imminent interest rate hike by the Federal […]
Platinum prices have fallen towards $1,600 per ounce, reaching their lowest level in three months as renewed energy-driven inflation concerns pressure precious metals. Rising crude oil prices, escalating Middle East tensions and expectations of tighter monetary policy are weighing on investor sentiment, while a projected platinum market surplus and softer jewellery and automotive demand add […]