January 13, 2026 3:14 pm
Key Moments Copper climbed from around $8,700 a tonne in early 2025 to above $13,000 in January 2026, a gain of 52% and a new all-time high. Bernstein’s Bob Brackett attributes the price spike to mine supply disruptions, elevated speculative positioning in futures, and U.S. inventory stockpiling ahead of potential tariffs. Bernstein’s base case assumes […]
Read moreJanuary 13, 2026 11:24 am
Key Moments European Natural Gas benchmark TTF advanced 6.6% and moved back above €30/MWh. Colder conditions across much of Europe increased heating-related demand for Natural Gas. Unrest in Iran raised market concerns over LNG shipments from the Persian Gulf and Iranian Gas flows to Turkey. Market Reaction to Weather and Geopolitical Risks European Natural Gas […]
Read moreJanuary 13, 2026 9:46 am
Key Moments Cocoa prices fell more than 10% year-on-year in the first 12 days of 2026, reaching $5,443 per ton. The market recorded a 48.1% annual decline in 2025, ending the year at $6,056 per ton after earlier drought fears eased. Analysts expect prices to remain under pressure amid surplus expectations, although heightened volatility leaves […]
Read moreJanuary 13, 2026 9:00 am
Key Moments Spot gold traded flat at $4,588.9 per ounce after touching a record high of $4,629.4 per ounce in the previous session. Escalating unrest in Iran and unprecedented political pressure on the Federal Reserve continued to underpin safe-haven demand. Investors awaited the U.S. Consumer Price Index report, seen as a key input for expectations […]
Read moreJanuary 13, 2026 8:21 am
Spot Silver extended gains on Tuesday, while holding near a record high of $86.16/oz., as concerns over the Federal Reserve’s independence and geopolitical tensions prompted investors to flock to safe-haven assets. Federal Reserve Chair Jerome Powell said over the weekend the US Department of Justice had issued subpoenas to the central bank. Prosecutors also threatened […]
Read moreJanuary 13, 2026 7:33 am
Key Moments Silver (XAG/USD) trades near $85.75 during early European hours on Tuesday, holding close to record levels. Meanwhile, legal pressure on the Federal Reserve and doubts over its independence continue to boost safe-haven demand. At the same time, traders focus on the upcoming US December CPI report, which could influence rate expectations and the […]
Read moreJanuary 13, 2026 7:04 am
Key Moments WTI trades near $59.55 during early Asian hours, remaining close to one-month highs as Iran-related tensions support prices. Meanwhile, traders await the American Petroleum Institute’s weekly crude inventory report, which could move prices depending on stock changes. At the same time, possible additional supply from Venezuela, including up to 50 million barrels of […]
Read moreJanuary 12, 2026 10:57 am
Key Moments The average Henry Hub natural gas spot price was US$3.52 per million Btu in 2025, according to LSEG Data via the EIA. This 2025 average was 56% higher than the 2024 inflation-adjusted annual average, which had been the lowest on record. Northeast hubs like Algonquin Citygate and Transco Zone 6 NY saw bigger […]
Read moreJanuary 12, 2026 9:49 am
Spot Silver surged over 5% to a fresh record high of $83.49/oz. on Monday, as heightened geopolitical tensions and a criminal probe into Fed Chair Jerome Powell prompted investors to flock to safe-haven assets. Unrest in Iran has led to the deaths of over 500 people, according to a report by Reuters, as Tehran threatened […]
Read moreJanuary 12, 2026 7:56 am
Key Moments XAG/USD trades near $84.30 per troy ounce, advancing for a second straight session within an ascending channel. The 14-day RSI stands at 70.66, highlighting overbought conditions that may lead to short-term consolidation. Nine-day EMA support is located at $77.94, with deeper support near $76.40 and the 50-day base at $64.39. Silver Holds Strong […]
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