March 31, 2026 8:45 am
Key Moments Societe Generale raises Brent 2026 year-end forecast to $80/bbl from $65/bbl. They warn Brent could spike to $150/bbl if Hormuz remains closed for two months. OPEC losses, tight inventories, and limited demand destruction tighten the market. Tight Market Balances Support Bullish Outlook Societe Generale’s commodities team updated their oil outlook. They warn of […]
Read moreMarch 31, 2026 7:25 am
Spot Gold extended gains on Tuesday as some optimism over de-escalation in the Middle East conflict has emerged. Yet, the metal was on course for its steepest monthly drop since October 2008 due to a firmer US Dollar and diminishing expectations of Federal Reserve interest rate cuts this year. “Gold prices are bouncing in early […]
Read moreMarch 31, 2026 6:33 am
Key Moments Silver (XAG/USD) climbs 3% in Asian trading to near $73.00 after reports that US President Donald Trump is open to peace with Iran even without reopening the Strait of Hormuz. The Wall Street Journal reports that the US administration sees a forceful reopening of Hormuz as requiring a longer military campaign than the […]
Read moreMarch 31, 2026 6:02 am
Key Moments Gold rises strongly as the US Dollar pulls back from recent highs. Trump signals possible de-escalation, easing Oil and inflation fears. Hawkish central bank outlook limits further upside in Gold. Gold Pulls Back After Testing Weekly High Levels Gold (XAU/USD) climbed sharply earlier on Tuesday and reached a one-week high near $4,600. However, […]
Read moreMarch 31, 2026 5:53 am
Key Moments WTI futures fall over 3% and trade near $98.00 in Tuesday’s Asian session. Trump signals he may end the Iran conflict without reopening Hormuz. Truce hopes ease supply fears, though damage may limit output. WTI Drops as Geopolitical Risk Premium Fades Fast WTI crude futures dropped more than 3% and traded near $98.00 […]
Read moreMarch 30, 2026 1:20 pm
Key Moments The U.S. Treasury Secretary stated in a Fox News interview that the global oil market is currently well supplied. He said additional supply would be beneficial and pointed to increased flows as countries reach agreements with Iran. He noted that the United States will take control of the Strait of Hormuz over time, […]
Read moreMarch 30, 2026 1:01 pm
Key Moments XAU/USD trades above $4,500, with momentum indicators signaling a shift toward a mildly bullish bias. The US Dollar Index remains firm near 100.50, a key resistance area that could influence Gold’s next leg. A sustained break above the $4,610 Fibonacci level could open a path toward the $5,040-$5,000 resistance zone. Gold Finds Support […]
Read moreMarch 30, 2026 10:21 am
Key Moments LME aluminum prices rose about 6 per cent after major Gulf smelters EGA and Alba were hit by drone and missile strikes on March 28, 2026. Australian aluminum-linked stocks jumped, with Alcoa Corporation up over 9 per cent, South32 gaining more than 6 per cent, and Rio Tinto advancing nearly 3 per cent. […]
Read moreMarch 30, 2026 9:01 am
Spot Silver rose in highly volatile trade on Monday, as the Middle East conflict entered its fifth week and there still was no clear resolution in sight. But Silver gains seemed limited by a surge in energy prices, which further dampened expectations of Federal Reserve rate cuts. The confrontation has intensified after Iran-backed Houthi militants […]
Read moreMarch 30, 2026 8:59 am
Key Moments Silver futures approached $70.50 amid rising Fed rate expectations. Middle East tensions intensified, boosting safe-haven demand for metals. US Dollar movements influenced short-term silver trading dynamics. Silver Technical Outlook Silver futures continue to trade near $70.50, holding above recent support levels around $69.80. Price action remains under short-term resistance near $70.75, showing a […]
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