April 8, 2026 7:46 am
Key Moments Benchmark Brent crude has fallen roughly 14% to $94 a barrel after news of a two-week ceasefire involving the US, Israel and Iran. UK wholesale gas prices have dropped more than 18% to 110 pence per unit, although they remain well above pre-war levels of 78 pence. Stock markets in the UK and […]
Read moreApril 8, 2026 7:07 am
Spot Gold surged to a three-week high above $4,850/oz. on Wednesday and the US Dollar plumbed a nearly one-month low, as the US and Iran have agreed to a two-week ceasefire, while Tehran is to reopen the Strait of Hormuz. US President Donald Trump announced in a post on Truth Social that he would suspend […]
Read moreApril 8, 2026 6:38 am
Key Moments Silver trades just below the mid-$76.00s after touching a new weekly high, advancing more than 4.5% on the day. XAG/USD’s advance pauses near the 200-period EMA on the 4-hour chart, with price holding above the 38.2% Fibonacci retracement and $76.00. Momentum indicators, including MACD and RSI, continue to support a constructive technical outlook […]
Read moreApril 8, 2026 6:23 am
Key Moments Gold (XAU/USD) extended its recovery for a second session, trading near $4,800 after touching a nearly three-week high. News of a US-Iran ceasefire and conditions on the Strait of Hormuz weighed on the US Dollar Index (DXY) and supported bullion. Falling Crude Oil prices eased inflation concerns, dampening Fed rate hike expectations and […]
Read moreApril 7, 2026 12:22 pm
Key Moments Attacks on Emirates Global Aluminium’s Al Taweelah smelter and Aluminium Bahrain’s operations have escalated aluminium supply risks. Combined outages at EGA, Alba, and earlier curtailments at Qatalum could temporarily remove about 3 mtpa of capacity, nearly half of Middle East output. LME aluminium prices have climbed more than 10% since the start of […]
Read moreApril 7, 2026 9:54 am
Key Moments XAG/USD traded at $72.88 per troy ounce on Tuesday, up from $72.79 on Monday. Silver prices have advanced 2.52% since the start of the year. The Gold/Silver ratio rose to 64.29 on Tuesday from 63.87 on Monday. Spot Silver Performance Silver prices (XAG/USD) moved modestly higher on Tuesday, according to FXStreet data. The […]
Read moreApril 7, 2026 9:41 am
Key Moments ING analysts report that central banks significantly increased Gold purchases in February after a quieter January. Net buying was driven by Poland, with ongoing accumulation from China, the Czech Republic, and other central banks. Analysts say this official-sector demand, coupled with geopolitical risks and reserve diversification, helps cushion Gold prices during market volatility. […]
Read moreApril 7, 2026 9:21 am
Key Moments Two Indian LPG carriers have exited the Gulf; a third is en route to India. A new dual-corridor transit system in the Strait of Hormuz combines Iranian navy oversight with a southern route along Oman. Iran introduced exemptions for Iraqi-linked vessels, affecting tanker traffic patterns. Indian LPG Carriers Progress Safely Out of the […]
Read moreApril 7, 2026 9:02 am
Key Moments SolarPower Europe estimates solar generation has saved Europe more than €100 million per day since 1 March, totaling over €3 billion. Ember reports that solar projects now require less upfront capital than fossil fuel alternatives, reversing the situation from a decade ago. Around half of Climate Vulnerable Forum nations, by electricity demand, have […]
Read moreApril 7, 2026 7:13 am
Key Moments Brent crude trades at 111 USD/bbl as markets weigh potential disruptions to global energy supply. Danske Bank raises its inflation trajectory, citing expectations of prolonged constraints through the Strait of Hormuz. Emerging bilateral deals, especially between Asian economies and Iran, are enabling some oil flows via alternative channels. Market Focus Remains on Middle […]
Read more