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Metals
Metals, Technical Analysis
Gold remains depressed below $4,650 on firmer USD; looks to US PCE for Fed rate outlook
Gold (XAU/USD) sticks to modest losses below $4,650 heading into the European session on Wednesday, though it lacks bearish conviction and remains confined within the previous day’s broader range. The US Dollar (USD) regains positive traction amid some repositioning ahead of the US Personal Consumption Expenditures (PCE) Price Index and is seen as weighing on […]
by Currency Hedger
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- 3 weeks ago
Metals
Copper Hits Fresh Record High
Copper futures climbed above $6.7 per pound on Wednesday, reaching a new all-time high as supply-side risks persisted despite a recent easing of the market squeeze. Traders continued to divert shipments toward the US amid elevated premiums and expectations of new tariffs under the Trump administration, with the White House yet to make a final […]
by Currency Hedger
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- 3 weeks ago
Metals
Iron Ore Gains on China Demand Hopes
Iron ore futures rose toward CNY 720 per ton, moving further away from 14-month lows on hopes for stronger demand in top consumer China ahead of the September peak construction season, while Beijing signaled fresh policy support. Markets are anticipating restocking ahead of the seasonal peak in steel demand as construction activity picks up before […]
by Currency Hedger
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- 3 weeks ago
Metals, Technical Analysis
Gold moves away from multi‑month top as Fed rate fears and Middle East jitters support USD
Gold (XAU/USD) faces rejection ahead of the $4,700 mark on Tuesday and witnessed an intraday turnaround from its highest level since May 14, touched during the Asian session. Despite tamer July US inflation data, traders are still pricing in around a 75% chance that the US central bank will raise borrowing costs by the end […]
by Currency Hedger
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- 3 weeks ago
Metals
XAG/USD corrects below $68 in countdown to US PCE Inflation data
Silver price (XAG/USD) is down 1.6% to near $67.87 during the Asian trading session on Tuesday. The white metal is under pressure as investors turn cautious ahead of the United States (US) Personal Consumer Expenditure Price Index (PCE) data for July, which will be released on Wednesday. Investors will pay close attention to the US core […]
by Currency Hedger
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- 3 weeks ago
Currency Talk, Metals, Technical Analysis
FX Weekly: Will Jackson Hole be a turning point for the dollar?
Last week was dominated by debt market events. On Wednesday, US Treasury Secretary Scott Bessent announced an expansion of the bond buyback programme, known as the liquidity support buyback. The market reaction was swift: 30-year bond yields fell immediately by 10 bps, and the dollar weakened by 0.9% against the reference euro. Figure 1: G10 […]
by Currency Hedger
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- 3 weeks ago
Metals, Technical Analysis
Gold extends rally as markets await US PCE and Warsh’s Jackson Hole speech
Gold (XAU/USD) holds intraday gains at the start of American trading hours on Monday, building on the strong rally seen last week following the US Treasury’s buyback announcement. At the time of writing, XAU/USD trades around $4,658, up nearly 1.2% on the day at levels last seen on May 15. The Treasury’s decision to increase […]
by Currency Hedger
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- 3 weeks ago
Metals
Steel Drops to 4-Week Low
Steel rebar futures fell to around CNY 3,070, retreating from multi-week highs to four-week lows as weak construction activity and elevated rebar inventories continued to weigh on sentiment. China’s property market remained under pressure, with new home prices falling year-on-year in July, while rebar stockpiles stayed above year-ago levels. Weak mill profitability also limited buying […]
by Currency Hedger
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- 3 weeks ago
Metals
Copper Falls as Inventories Ease Supply Concerns
Copper futures fell to around $6.55 per pound on Monday, retreating from recent gains as a sharp build-up in exchange inventories eased concerns over near-term supply tightness. LME-monitored copper inventories stood at 238,575 tons on August 20, about 16% above their February low, while SHFE-monitored stocks jumped 28.4% last week to 89,548 tons. The rise […]
by Currency Hedger
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- 3 weeks ago
Metals
Iron Ore Weakens Despite China Stimulus
Iron ore futures hovered around CNY 710 per ton, with underlying demand concerns persisting despite fresh Chinese stimulus signals. China’s steel output fell 3.6% year-on-year to 76.93 million tons in July, the lowest for the month since 2017, while inventories remained elevated. Weak property activity weighed on demand, with home prices down 3.2% year-on-year, while […]
by Currency Hedger
- 0 Comments
- 3 weeks ago