April 2, 2026 10:18 am
Key Moments LME aluminum prices moved above $3,500/t following reports of significant production disruptions at major Gulf smelters EGA and Alba. ING estimates that confirmed halts and curtailments could remove about 3 mtpa of capacity, nearly half of Middle East aluminum output. Despite potential demand headwinds from weaker global growth, constrained Chinese and Indonesian supply […]
Read moreApril 2, 2026 10:09 am
Key Market Moves on Rising Middle East Tensions Brent crude surged 7.4% early Thursday, surpassing $108 per barrel, while WTI gained 7% to $107. Asian stocks slipped, led by South Korea’s Kospi, which fell 4.5%. European markets opened mostly lower, with US futures signaling a weaker start. Oil Prices React to Geopolitical Fears Oil prices […]
Read moreApril 2, 2026 9:55 am
Spot Silver pulled back from a 2-week peak on Thursday, as the US Dollar appreciated after US President Donald Trump’s prime-time address. A firmer dollar makes dollar-priced Silver less appealing to international investors holding other currencies. Trump warned that Iran would be hit extremely hard over the next two to three weeks and “would be […]
Read moreApril 2, 2026 8:35 am
Key Moments Silver (XAG/USD) falls to around $70.60 in early European trading, extending its recent decline. Comments from US President Donald Trump on Iran boost crude oil and curb rate-cut expectations, weighing on non-yielding precious metals. XAG/USD trades below the 100-day EMA at $73.80, with initial support at $68.00 and further downside risk toward $65.00. […]
Read moreApril 2, 2026 7:21 am
Spot Gold pulled back from a 2-week peak on Thursday, as the US Dollar appreciated after US President Donald Trump’s prime-time address. A firmer dollar makes dollar-priced Gold less appealing to international investors holding other currencies. Trump warned that Iran would be hit extremely hard over the next two to three weeks and “would be […]
Read moreApril 2, 2026 7:10 am
Key Moments WTI futures surged toward the $100.00 level after comments from US President Donald Trump on potential action against Iran. Price action has repeatedly held near the 100-period EMA on the 4-hour chart, underscoring ongoing support within the broader uptrend. Key resistance is clustered between $100.80 and $103.00, while a failure to clear this […]
Read moreApril 2, 2026 6:30 am
Key Moments Gold (XAU/USD) slid about $150 intraday after touching a new two-week peak near $4,800. Heightened tensions around Iran and the Strait of Hormuz supported the US Dollar and US Treasury yields. Technical signals on the 4-hour chart point to fading upside momentum, with key support near $4,600. Middle East Tensions Fuel Dollar Bid […]
Read moreApril 2, 2026 6:11 am
Key Moments XAG/USD trades near $72.90 during Asian hours on Thursday. However, safe-haven demand is easing on Middle East peace hopes. Silver is still on track for a second weekly gain. In fact, it has risen more than 7% as markets reassess the Fed’s policy path. The Fed kept rates at 3.50%-3.75% after its March […]
Read moreApril 1, 2026 2:17 pm
Key Moments Silver (XAG/USD) trades around $75.00 on Wednesday after a strong three-day rebound, with upside momentum easing. Comments from US President Donald Trump about a possible near-term end to the Iran conflict have reduced safe-haven demand for precious metals. A softer US Dollar and shifting expectations for a less restrictive monetary stance are helping […]
Read moreApril 1, 2026 2:07 pm
Key Moments Chile’s February copper production dropped to 378,554 tonnes, the lowest monthly level in almost nine years, with output down 8.5% m/m and 4.8% y/y. Ivanhoe reduced production guidance for the Kamoa‑Kakula mine for 2026 to 290-330kt and for 2027 to 380-420kt, citing a more conservative mining plan. LME positioning showed rising net longs […]
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