July 30, 2026 6:34 am
Key Moments Gold (XAU/USD) extends its pullback from the $4,100 area after failing to hold a one-week high. Firm Fed rate-hike expectations and heightened US-Iran tensions support the US Dollar, weighing on bullion. Technical signals still favor downside risk for XAU/USD, with $4,000 and the 200-day SMA at $4,490.80 in focus. Fundamentals: Dollar Strength and […]
Read moreJuly 30, 2026 6:04 am
Key Moments WTI trades near $82.80 in early Asian hours on Thursday as traders lock in profits following the latest Fed decision. The Federal Reserve keeps rates unchanged at 3.5% to 3.75% while reiterating its focus on the 2% inflation target. US crude inventories drop by 7.167 million barrels for the week ending July 24, […]
Read moreJuly 29, 2026 1:04 pm
Key Moments Speculative net long positioning in LME copper rose by 12,668 lots to 60,771 lots in the week ending 24 July. Net long positions in LME aluminium and zinc saw only modest increases, up by 96 lots and 4,107 lots respectively. Tight supply conditions and low inventories supported a more positive mood across the […]
Read moreJuly 29, 2026 1:01 pm
Key Moments WTI futures on NYMEX jump 6% to above $83.00, ending a three-day losing streak. Reports that Yemen’s Houthis may charge transit fees in the Bab el-Mandeb Strait have renewed supply concerns. A joint Saudi Arabia-US CENTCOM operation against Iran-aligned Houthis has lifted the geopolitical risk premium in oil. WTI Rebounds on Fresh Supply […]
Read moreJuly 29, 2026 10:12 am
Key Moments LME three-month aluminum has slipped back to around $3,170 per tonne after hitting US$3,787.50 in early June, erasing its Gulf conflict-related surge. Gulf smelter disruptions have removed over 2 million metric tonnes annualized from global supply, with regional output down 20 percent in the first half of the year. Rising flows of Chinese […]
Read moreJuly 29, 2026 10:03 am
Key Moments First-quarter 2028 strip trades in CME lithium hydroxide futures were executed, extending the contract’s forward curve. Initial 2028 block trades were priced at $20.55 per kg and $20.50 per kg, covering a combined 213 tonnes of lithium hydroxide. CME lithium hydroxide futures reached a record monthly volume of 19,590 tonnes in the first […]
Read moreJuly 29, 2026 9:44 am
Key Moments Brent gained more than 4% after a three-day sell-off, supported by renewed security threats to US forces and Saudi energy assets. Reports of a shutdown at Saudi Arabia’s 400k b/d Jazan refinery, if confirmed, would add to already tight middle distillate markets. OPEC+ is expected to raise output by 188k b/d in September, […]
Read moreJuly 29, 2026 8:01 am
Key Moments Silver (XAG/USD) trades 1.14% higher near $57.80 during the Asian session, defying pressure from rebounding oil prices. WTI crude climbs 3.65% to around $81.20 after U.S. CENTCOM strikes in Iraq targeting Iran-backed groups. Markets assign a 69.5% probability that the Fed will hold rates at 3.50%-3.75% for a fifth consecutive meeting. Geopolitical Tensions […]
Read moreJuly 29, 2026 6:05 am
Key Moments: WTI rebounds nearly 4%, trading in the mid-$81.00s after hitting a more than two-week low the previous day. Iran’s IRGC launches multiple ballistic missiles at US forces, while the US and Saudi Arabia conduct joint strikes in Iraq. Fresh supply concerns in the Strait of Hormuz and the Red Sea lift the geopolitical […]
Read moreJuly 29, 2026 5:52 am
Key Moments: Spot gold (XAU/USD) trades around $4,020 per troy ounce in Asian dealings, extending its subdued tone for a second straight session. Renewed Middle East tensions after US interception of Iranian missiles lift oil prices and inflation concerns, pressuring gold. Markets assign a 30.5% probability to an immediate Fed rate hike and a 76.6% […]
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