March 6, 2025 10:06 am
Key moments Global producers propose aluminum premiums of $245-$260 per metric ton for Japan, a potential 14% increase from the prior quarter. Japanese buyers deem offers too high, noting spot market prices are currently below $200 per metric ton. The first quarter premium was agreed at $228 per metric ton, the highest in nearly ten […]
Read moreMarch 6, 2025 9:43 am
Key moments While Gold’s value fell from its Thursday peak of over $2,926, the precious metal continues to hover around $2,900. President Trump’s imposition of tariffs on major trading partners has fueled anxieties about a potential global trade war, prompting investors to seek the stability of gold. Market speculation regarding upcoming Fed interest rate cuts […]
Read moreMarch 5, 2025 2:49 pm
Key moments The United States Natural Gas ETF has seen a dramatic increase, reaching a new 52-week high and a share price exceeding $23. A severe Arctic blast disrupted production and increased heating demand, creating a supply-demand imbalance that significantly boosted UNG’s value. Recent political announcements, such as potential retaliatory export taxes, have caused fluctuations […]
Read moreMarch 5, 2025 1:07 pm
Key moments President Trump’s consideration of a 25% tariff on copper imports is causing significant market volatility and driving price increases. The potential tariffs have created a substantial price gap between Comex copper futures in New York and LME futures in London, reflecting the market’s anticipation of U.S. import restrictions. The prospect of tariffs has […]
Read moreMarch 5, 2025 11:34 am
Key moments Oil prices declined for a third consecutive session, with Brent futures falling 0.63% to $70.59 a barrel. OPEC’s intentions to increase daily output by 138,000 barrels from April will unwind daily cuts of nearly 6 million barrels. US West Texas Intermediate crude also experienced a notable decline of 74 cents, sliding 1.08% to […]
Read moreMarch 5, 2025 9:35 am
Key moments Silver price extends the rally to near $32.15 in Wednesday’s early European session, up 0.90% on the day. The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator. The immediate resistance level emerges at the $33.00-$33.05 region; the key support level to watch is in the $31.15-$31.00 […]
Read moreMarch 5, 2025 7:32 am
Key moments Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets. The precious metal may find support from safe-haven demand amid the implementation of US tariffs. Gold also drew buyers as the US halted military aid to Ukraine. Gold Price Declines Amid Rising Treasury Yields, Trade […]
Read moreMarch 4, 2025 2:26 pm
Key moments Ottawa implements a 25% tariff on a substantial $20 billion worth of U.S. imports, effective immediately. China reveals plans to introduce 10% to 15% import taxes on a range of American agricultural products. Both moves were a direct response to U.S. President Donald Trump’s own tariffs on Chinese, Mexican, and Canadian imports. Fears […]
Read moreMarch 4, 2025 11:24 am
Key moments Front-month gas futures for April delivery on the New York Mercantile Exchange increased by 7.5%, settling at $4.122 per mmBtu. Henry Hub gas prices reached $3.98 per mmBtu, marking a recovery from a two-week low of $3.74 per mmBtu observed a week prior. Energy companies have significantly depleted gas storage, with current stockpiles […]
Read moreMarch 4, 2025 10:24 am
Key moments US Copper Premiums Surge, Diverging From Global Prices Domestic Production Constraints Highlight Import Reliance UBS Predicts Continued Volatility and Suggests Risk Management Strategy US Copper Price Surges 13% Amid Tariff Uncertainty, Outpacing Global Markets The U.S. copper market is experiencing heightened volatility, primarily driven by concerns surrounding US tariffs on imports. Recent observations […]
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