February 2, 2026 8:27 am
Key Moments Silver prices suffered a nearly 30% decline, described as a “move for the history books.” The sharp drop in silver coincided with meaningful declines in Gold and Copper, as outlined by MUFG’s Michael Wan. A strengthening Dollar contrasted with potential support for Asian currencies, while markets assessed Kevin Warsh’s stance on rate cuts […]
Read moreFebruary 2, 2026 7:59 am
Key Moments Gold prices fell 9% last Friday, marking one of the largest single-session moves in recent years. Commerzbank analysts attribute the drop to forced liquidations and unwinding of momentum-driven positions. Despite the sharp setback, gold remains up 13.3% year-to-date, according to Commerzbank’s Charlie Lay and Moses Lim. Gold’s Price Shock Amid Elevated Volatility Gold […]
Read moreFebruary 2, 2026 7:27 am
Key Moments Brent crude futures dropped $3.30, or 4.8%, to $66.02 per barrel, while U.S. West Texas Intermediate fell $3.23, or nearly 5%, to $61.98. Prices pulled back from multi-month highs after U.S. President Donald Trump signaled Iran was “seriously talking” with Washington, reducing perceived geopolitical risk. OPEC+ decided to keep March output unchanged, following […]
Read moreJanuary 30, 2026 3:17 pm
Key Moments Front-month Dutch TTF futures are set for a 38% monthly rise, the strongest since summer 2023. Benchmark TTF prices hit $46.59 (39.085 euros) per MWh Friday morning in Amsterdam, up from $34.60 (29 euros) at January’s start. Speculative positioning flipped from a net short of 55.1 TWh to a net long of 57.7 […]
Read moreJanuary 30, 2026 3:05 pm
Key Moments TD Securities flags a potential $2-3/bbl decline in crude prices as near-term fundamentals loosen. Supply-side tightness is easing, with export flows from Novorossiysk expected to recover as CPC’s SPM-3 returns from maintenance. Chinese stockpiling appears to have paused in January and upcoming peak refinery maintenance season is set to curb near-term demand. Bearish […]
Read moreJanuary 30, 2026 1:27 pm
Key Moments Nickel prices rose from USD14,263 per tonne on December 16 to USD18,756 per tonne on January 23. Indonesia plans to cut annual nickel ore production quotas by roughly one-third to 250–260 million tonnes, pending approval in March. LME class one nickel inventories climbed from just over 255,000 tonnes in early January to more […]
Read moreJanuary 30, 2026 9:51 am
Key Moments Shanghai Futures Exchange’s most-active copper contract fell 2.82% to 103,680 yuan a metric ton after touching 114,160 yuan, but ended January up nearly 4% London Metal Exchange three-month copper slid 2.78% to $13,278.50 a ton after hitting a record $14,527.50, yet remained on track for a weekly gain of about 7% Weak Chinese […]
Read moreJanuary 30, 2026 9:16 am
Spot Silver plunged more than 9% on Friday, after climbing to a record high of $121.64/oz. during the prior trading day, amid market speculation that the next Federal Reserve Chair could adopt a more hawkish policy approach. Still, the white metal was on course for its strongest monthly advance on record, being up over 53% […]
Read moreJanuary 30, 2026 7:56 am
Spot Gold pulled back from a record high of $5,594.82/oz. on Friday, retreating more than 4% on the day, amid market speculation that the next Federal Reserve Chair could adopt a more hawkish policy approach. Still, the yellow metal was on course for its strongest monthly advance since 1982, being up over 20% so far […]
Read moreJanuary 30, 2026 7:50 am
Key Moments Brent March futures fell 1.5% to $69.66, while WTI dropped 1.6% to $64.36 by 21:43 ET (02:43 GMT). Meanwhile, the Trump administration eased some limits on transactions involving Venezuela’s PDVSA, allowing U.S. entities to sell and transport its oil. Despite Friday’s pullback, crude prices remained on track for weekly gains of 12% to […]
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