April 9, 2026 5:46 am
Key Moments XAG/USD extends its pullback during the Asian session, trading just below the mid-$73.00 area and down 2.0% on the day. Price remains capped below the 200-period EMA on the 4-hour chart and the 38.2% Fibonacci retracement of the March decline, reinforcing a bearish near-term bias. Key support is seen near the 23.6% Fibonacci […]
Read moreApril 8, 2026 2:20 pm
Key Moments TD Securities strategists see elevated opportunity costs for holding Gold in the near term due to energy-driven inflation and delayed Fed cuts. They identify the absence of Middle East capital flows into the Gold market as an additional downside factor. Their outlook anticipates Gold moving back above $5,000 in the latter part of […]
Read moreApril 8, 2026 1:37 pm
Key Moments Copper shifted from one of the weakest to one of the strongest performing metals, following a period of pronounced underperformance. Short-term pressure on prices stems from elevated LME inventories and the prospect of stockpile sales and a potential mine restart in Panama. Chilean copper production dropped in February to its lowest monthly level […]
Read moreApril 8, 2026 9:08 am
Key Moments WTI Crude dropped more than 15% from Tuesday’s highs above $106.00 following news of a two-week ceasefire in the Iran war. Despite the sell-off, crude prices remain nearly 40% above pre-war levels amid ongoing concerns about supply disruptions and regional instability. OPEC+ agreed to raise output quotas by 206K barrels per day from […]
Read moreApril 8, 2026 8:45 am
Spot Silver rose to a three-week high above $77.50/oz. on Wednesday and the US Dollar plumbed a nearly one-month low, as the US and Iran have agreed to a two-week ceasefire, while Tehran is to reopen the Strait of Hormuz. US President Donald Trump announced in a post on Truth Social that he would suspend […]
Read moreApril 8, 2026 7:46 am
Key Moments Benchmark Brent crude has fallen roughly 14% to $94 a barrel after news of a two-week ceasefire involving the US, Israel and Iran. UK wholesale gas prices have dropped more than 18% to 110 pence per unit, although they remain well above pre-war levels of 78 pence. Stock markets in the UK and […]
Read moreApril 8, 2026 7:07 am
Spot Gold surged to a three-week high above $4,850/oz. on Wednesday and the US Dollar plumbed a nearly one-month low, as the US and Iran have agreed to a two-week ceasefire, while Tehran is to reopen the Strait of Hormuz. US President Donald Trump announced in a post on Truth Social that he would suspend […]
Read moreApril 8, 2026 6:38 am
Key Moments Silver trades just below the mid-$76.00s after touching a new weekly high, advancing more than 4.5% on the day. XAG/USD’s advance pauses near the 200-period EMA on the 4-hour chart, with price holding above the 38.2% Fibonacci retracement and $76.00. Momentum indicators, including MACD and RSI, continue to support a constructive technical outlook […]
Read moreApril 8, 2026 6:23 am
Key Moments Gold (XAU/USD) extended its recovery for a second session, trading near $4,800 after touching a nearly three-week high. News of a US-Iran ceasefire and conditions on the Strait of Hormuz weighed on the US Dollar Index (DXY) and supported bullion. Falling Crude Oil prices eased inflation concerns, dampening Fed rate hike expectations and […]
Read moreApril 7, 2026 12:22 pm
Key Moments Attacks on Emirates Global Aluminium’s Al Taweelah smelter and Aluminium Bahrain’s operations have escalated aluminium supply risks. Combined outages at EGA, Alba, and earlier curtailments at Qatalum could temporarily remove about 3 mtpa of capacity, nearly half of Middle East output. LME aluminium prices have climbed more than 10% since the start of […]
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