October 12, 2026 11:40 am
Key Moments World Steel Association now expects global steel demand to decline 0.1% in 2026, versus its earlier projection of 0.3% growth. Forecasts have been downgraded across key regions, including China, the European Union, Britain, and the Gulf. India is projected to remain the fastest-growing major steel market, with demand seen rising 7.9% in 2026 […]
Read moreOctober 12, 2026 11:14 am
Key Moments ICE Brent fell more than 2% at one point even as Middle East tensions escalated, including a deadly Houthi attack in Riyadh. A US-Russia agreement allows Russia to ship 300kt of diesel immediately, 500kt in November, and 1mt in December, with temporary US sanctions relief. ING sees limited upside for long Brent positions […]
Read moreOctober 12, 2026 9:59 am
Key Moments WTI trades near $90.15 in early Monday European hours as expectations for increased Russian diesel supply weigh on prices. A staged US-Russia diesel agreement, including more than 300,000 tons immediately and multi-million-ton flows later, boosts hopes of additional supply. Heightened Houthi attacks on Saudi energy infrastructure and shipping keep crude market volatility elevated […]
Read moreOctober 12, 2026 7:08 am
Key Moments Silver (XAG/USD) trades around $61.10 in Asian dealings, extending gains from Friday. US 10-year Treasury yields ease to near 5.24% from 5.36% as oil drops about 2% to roughly $89.00. Traders turn attention to US September CPI data scheduled for release on Wednesday. Macro Drivers Support Silver Prices Silver prices (XAG/USD) are trading […]
Read moreOctober 12, 2026 6:06 am
Key Moments XAU/USD trades near $4,215 in early Monday Asian hours, supported by a softer U.S. Dollar and strong ETF demand.
Read moreOctober 9, 2026 10:07 am
Key Moments Dutch front-month gas futures declined 1% to 78.00 euros per MWh after approaching the €80 level in earlier sessions. British wholesale gas prices slipped 1.0% to 193 pence per therm, but both benchmarks stayed on course for a second straight weekly gain. EU gas storage stood at 73% capacity, up from 66% a […]
Read moreOctober 9, 2026 10:03 am
Key Moments UBS forecasts the global copper deficit increasing from 219,000 metric tons in 2026 to 379,000 metric tons in 2027. The bank anticipates copper prices could reach $15,500 per metric ton in 2027. UBS reiterates its preference for long copper positions and views short-term price weakness as a buying opportunity. UBS Outlook on Copper […]
Read moreOctober 9, 2026 10:00 am
Key Moments Brent crude briefly climbed above USD 105/bbl, its highest level in nearly a month, before retreating. Prices eased after comments from President Trump on Iran and reports of China resuming refined fuel exports. Brent is quoted around USD 102-103 this morning after touching as high as USD 106 yesterday. Geopolitical Premium Fades in […]
Read moreOctober 9, 2026 7:57 am
Key Moments XAU/USD trades close to $4,200, near a one-week peak, supported by a pullback in the US Dollar amid weaker Treasury yields.
Read moreOctober 9, 2026 7:52 am
Key Moments XAG/USD traded near $60.10 per troy ounce in Asian dealings after three consecutive sessions of declines. A pullback in oil prices eased inflation worries and reduced the implied probability of a 25 bps Fed hike this month to about 17.7%. Despite the softer near-term hike odds, recent Fed commentary and sentiment indexes continued […]
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