Commodities News

Silver Pulls Back as US-Iran Tensions Cloud Outlook

Key Moments XAG/USD trades around $65.60 per troy ounce after two days of gains, pressured by heightened US-Iran tensions. Read more

Copper Hits Fresh Peak as Supply Concerns Intensify

Key Moments LME copper climbed to a record $14,396/t, extending gains for a seventh straight week. Meanwhile, the LME copper cash/3M spread widened to $518.5/t in backwardation, pointing to tight near-term supply. At the same time, LME copper inventories fell for a 42nd straight session to 204,975 tonnes, their lowest level since February. Record Prices […] Read more

European Gas Prices Rally as Hormuz Tensions Hit Supply

Key Moments Benchmark Dutch front-month gas futures climbed 1.83% to 62.55 euro per megawatt-hour, reaching their highest level since July 24. British wholesale gas contracts rose over 2% to 154.01 pence per therm, also hitting their loftiest intraday level since July 24. EU underground gas storage was reported at just 59% of capacity, described as […] Read more

Geopolitical Tensions and Speculative Flows Keep Brent Near $90

Key Moments ICE Brent traded just below $90/bbl in early Asian trading, extending Monday’s price gains amid heightened Middle East tensions. Money managers lifted net long positions in ICE Brent futures to 240,748 lots as of last Tuesday, the most bullish stance since early June 2026. The EIA projects US crude production will rise from […] Read more

Gold Holds Above $4,400 as Fed Outlook Weighs on Dollar

Key Moments Gold (XAU/USD) extended Friday’s rebound from the $4,300 area and is trying to sustain a move above $4,400. Soft US data and cooling inflation reduced expectations for further Fed rate hikes in 2026, weighing on the USD and aiding bullion. Geopolitical tensions and lingering Fed hike bets for 2026 are supporting the US […] Read more

Silver Bulls Test Key Barrier as XAG/USD Rises

Key Moments Silver extends Friday’s rebound from the mid-$63.00s, trading above the mid-$65.00s and rising about 1.50% on the day. Persistent US Dollar weakness amid reduced Federal Reserve rate hike expectations supports USD-denominated commodities such as XAG/USD. Upside momentum remains constructive, but a clear break above the 100-day EMA around $66.33 is needed to confirm […] Read more

WTI Holds Above $81 as Geopolitics Offset Demand Concerns

Key Moments WTI traded around $81.60 in Monday’s Asian session as the Strait of Hormuz talks remained stalled and geopolitical tensions persisted. The IEA and OPEC each cut their 2024 oil demand forecasts by 200,000 barrels per day, leaving a wide gap in their overall demand projections. Near-term technical signals for WTI are neutral to […] Read more

Corn Futures Rebound After Prior Session Decline

Key Moments Corn futures were trading 5 to 6 cents higher on Friday morning after losing 5 to 9 cents in the prior session. Weekly old-crop export sales reached 410,748 MT, a 5-week high, while new-crop bookings of 924,532 MT marked a 3-week low. Brazil’s 2025/26 corn production estimate was increased by 1.23 MMT to […] Read more

Wheat Futures Rebound as Traders Track Black Sea Tensions

Key Moments U.S. wheat futures were posting double-digit gains early Friday, recovering from Thursday’s weaker close. Weekly U.S. wheat export sales totaled 255,931 MT for 2026/27 in the week of 8/6, the second lowest of the marketing year and 64.59% below the same week a year earlier. Taiwan flour mills purchased 97,200 MT of U.S. […] Read more

Copper Hovers Near Key Support as Downside Pressure Builds

Key Moments Copper’s 5-hour candle most recently closed at $6.5858, sitting just above a key SuperTrend support level at $6.5825 and near critical support at $6.51. A Bearish Engulfing pattern at $6.8665, a nearly completed Double Top, and a negative MACD reading all point to intensifying downside momentum. Trading setups currently favor aggressive bearish positioning […] Read more