Copper Prices Hit New Heights Amid Global Trade Tensions - March 23, 2025 12:40

On Thursday copper prices climbed to unprecedented levels, climbing past $10,000 per tonne. The main reason for this sharp increase is linked to trade disruptions caused by the aggressive tariff policies of US President Donald Trump. In the previous month it was President Trump who gave the order to the Commerce Department to take a […]

Oil Markets Respond to OPEC+ Production Signals as Prices Find Support - March 8, 2025 20:00

Brent crude prices recovered Friday, surging close to 3% after lingering around $71 a barrel since Russia hinted OPEC+ might rethink its output plans. Before the market’s rapid bullish response had been weeks of falling prices since mid-January, when concerns about oversupply and economic growth prospects first weighed on traders’ minds. Russian Deputy Prime Minister Alexander Novak […]

Gold Prices Reach Record Highs Amid Economic Uncertainty and Volatility - February 25, 2025 0:36

In North American trading, gold prices climbed to all-time highs of $2,956 per ounce, while the U.S. dollar fell and Treasury yields declined. The market is in the middle of one of gold’s longest bullish streaks, with prices up for eight weeks. Investors have confidence in gold as gold-backed ETFs have seen the most net inflows since 2022, […]

Gold and Copper Markets Respond to Powell - August 24, 2024 16:06

On Friday gold jumped over 1% to unprecedented highs after the dollar and Treasury yields fell. The movements followed remarks from Federal Reserve Chair Jerome Powell that suggested an interest rate reduction in September. Concerns about inflation near the Fed’s 2% goal added to signs of lower interest rates, as Powell’s comments did. For a […]

US Stock Market Faces Turbulence and Mixed Commodity Reactions - August 4, 2024 8:48

The US stock market took another hit on Friday and managed to finish a disastrous week in the red as poor economic news coupled with weak earnings from some major tech players continued an alarming five-day collapse. The decline was itself heightened by recently-released non-farm payroll figures that showed a modest 114,000 jobs added to […]

Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge - June 20, 2024 19:05

On Thursday, crude oil markets saw a notable shift as oil futures surged. This was a direct reaction to the latest data from the U.S. Energy Information Administration. The latter reported a massive decrease in crude inventories. Simultaneously, the current cooling in job markets could indicate the need for the Federal Reserve interest rate cut. […]

Strength in Gold and Copper Continues – But for How Long? - May 27, 2024 16:30

As we start the new week, gold has displayed gains during the early parts of Monday’s trading, this implies that the precious metal is potentially reversing from its past week’s declines. However, despite the challenges it faced in the past week, overall gold remains in an uptrend, and it is supported by a number of […]

Gold Flying and Making New All Time Highs - March 30, 2024 10:37

During Thursday’s trading on US sessions, an extraordinary event for Gold bulls took place. A gold price was hit of $2230 per ounce, gold set a fresh all-time high. The primary underlying strength of these rapid gains is the increased anticipation of numerous interest rate reductions from the world’s foremost central banks, mainly driven by […]

Gold Prices Slip Ahead of Anticipated Economic Data - February 13, 2024 2:04

Gold prices experienced a slight dip on Monday, due to a cocktail of bearish factors, notably a slightly firmer U.S. dollar index. The relationship between gold and the dollar is historically inverse; as the dollar strengthens, gold, priced in dollars, becomes more expensive for holders of other currencies, potentially dampening demand. This unanticipated slip in […]