May 7, 2026 6:56 am
Spot Gold held near a more than 1-week high on Thursday amid optimism the US and Iran may be moving closer to a peace deal. This has led to a drop in oil prices and eased concerns over elevated inflation. Media reports stated that Washington and Tehran were working towards a one-page memorandum to put […]
Read moreMay 5, 2026 8:53 am
Spot Silver rebounded after a steep loss recorded on Monday, but elevated oil prices kept inflation concerns alive and reinforced expectations of more hawkish central bank policy settings. The uneasy ceasefire between the United States and Iran is under severe strain following a sharp flare-up of violence in the Persian Gulf on Monday. According to […]
Read moreMay 5, 2026 8:47 am
Key Moments ICE Brent jumped 5.8% in the latest session, closing above $114/bbl as geopolitical tensions intensified in the Persian Gulf. Resumed Iranian attacks on regional infrastructure and fresh U.S. military action in the Gulf have heightened concerns over potential supply disruptions. ING warns that U.S. efforts to escort vessels through the Strait of Hormuz […]
Read moreMay 5, 2026 8:23 am
Key Moments Three-month LME copper was flat at $12,996 per metric ton by 0731 GMT after earlier hitting its lowest level since April 13. Prices were pressured by a stronger U.S. dollar and worries about a potential global economic slowdown. Trading volumes were muted with the Shanghai Futures Exchange shut for the Labour Day holiday, […]
Read moreMay 5, 2026 6:54 am
Spot Gold bounced off a five-week trough hit on Monday, but elevated oil prices kept inflation concerns alive and reinforced expectations of more hawkish central bank policy settings. The uneasy ceasefire between the United States and Iran is under severe strain following a sharp flare-up of violence in the Persian Gulf on Monday. According to […]
Read moreMay 5, 2026 6:22 am
Key Moments: Silver trades near $72.85 in Tuesday’s Asian session, extending its decline below the 100-day EMA. Rising tensions in the Middle East and Iranian attacks on vessels in the Strait of Hormuz stoke inflation concerns and weigh on non-yielding assets. Key technical levels include resistance at $74.45 and support around $72.20 and $71.15. Persistent […]
Read moreMay 5, 2026 6:17 am
Key Moments Gold (XAU/USD) has been staging only a modest rebound while trading close to an over one-month low near $4,500. Heightened US-Iran tensions and a jump in Crude Oil prices have reinforced expectations for more hawkish central banks, lifting US yields and supporting the USD. Technical signals show XAU/USD locked below key resistance levels, […]
Read moreMay 4, 2026 12:31 pm
Key Moments CME cattle futures reached new contract highs during the session before closing lower on profit-taking and weaker wholesale beef prices. Boxed beef values declined, while packer margins deteriorated further, with estimated losses widening to $197.95 per head. June lean hog futures on the CME fell 1 cent to 101.275 cents per pound amid […]
Read moreMay 4, 2026 9:57 am
Key Moments WTI Crude trades at $99.40, up about $3 from the daily open of $96.46. However, it still sits below Friday’s close of $99.57. Meanwhile, markets react cautiously after US President Donald Trump pledged to deploy the military to free vessels stranded in the Strait of Hormuz. In addition, OPEC+ agreed to raise production […]
Read moreMay 4, 2026 7:34 am
Key Moments WTI futures traded down 0.28% at $101.65 per barrel, while Brent eased 0.06% to $108.10. President Trump announced “Project Freedom” to assist vessels transiting the Strait of Hormuz, a plan Iran has rejected. The S&P 500 rose 0.3% to a record 7,230.12, supported by strong corporate earnings led by Apple. Oil Prices Edge […]
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