April 2, 2026 7:10 am
Key Moments WTI futures surged toward the $100.00 level after comments from US President Donald Trump on potential action against Iran. Price action has repeatedly held near the 100-period EMA on the 4-hour chart, underscoring ongoing support within the broader uptrend. Key resistance is clustered between $100.80 and $103.00, while a failure to clear this […]
Read moreApril 2, 2026 6:30 am
Key Moments Gold (XAU/USD) slid about $150 intraday after touching a new two-week peak near $4,800. Heightened tensions around Iran and the Strait of Hormuz supported the US Dollar and US Treasury yields. Technical signals on the 4-hour chart point to fading upside momentum, with key support near $4,600. Middle East Tensions Fuel Dollar Bid […]
Read moreApril 2, 2026 6:11 am
Key Moments XAG/USD trades near $72.90 during Asian hours on Thursday. However, safe-haven demand is easing on Middle East peace hopes. Silver is still on track for a second weekly gain. In fact, it has risen more than 7% as markets reassess the Fed’s policy path. The Fed kept rates at 3.50%-3.75% after its March […]
Read moreApril 1, 2026 2:17 pm
Key Moments Silver (XAG/USD) trades around $75.00 on Wednesday after a strong three-day rebound, with upside momentum easing. Comments from US President Donald Trump about a possible near-term end to the Iran conflict have reduced safe-haven demand for precious metals. A softer US Dollar and shifting expectations for a less restrictive monetary stance are helping […]
Read moreApril 1, 2026 2:07 pm
Key Moments Chile’s February copper production dropped to 378,554 tonnes, the lowest monthly level in almost nine years, with output down 8.5% m/m and 4.8% y/y. Ivanhoe reduced production guidance for the Kamoa‑Kakula mine for 2026 to 290-330kt and for 2027 to 380-420kt, citing a more conservative mining plan. LME positioning showed rising net longs […]
Read moreApril 1, 2026 1:45 pm
Key Moments Oil prices are currently about 60% above pre-war levels, according to RaboBank Global Strategist Michael Every. The closure of the Strait of Hormuz has led to acute product shortages in some regions, with Asia particularly impacted in diesel and jet fuel. RaboBank warns that a months-long conflict could generate an energy shock comparable […]
Read moreApril 1, 2026 8:50 am
Key Moments BoJ policymaker Toichiro Asada stated that rising oil prices have created upside risks to inflation during European trading hours on Wednesday. Asada warned that higher energy costs are also weighing on growth and contributing to a stagflationary trend that is difficult to manage with monetary policy alone. The Japanese Yen showed no immediate […]
Read moreApril 1, 2026 8:41 am
Spot Silver held not far from a 2-week peak of $75.62/oz. on Wednesday, as the US Dollar pulled back from recent highs, amid signs of de-escalation in the Middle East conflict, which could push Oil prices down and alleviate concerns over central bank interest rate hikes. US President Donald Trump told aides that he was […]
Read moreApril 1, 2026 7:00 am
Key Moments EU energy commissioner warned that oil and gas prices in Europe will not return to normal levels in the foreseeable future, even if the war involving Iran ends immediately. Gas prices in Europe have risen about 70% and oil prices about 60%, lifting the EU’s fossil fuel import bill by €14bn since the […]
Read moreApril 1, 2026 6:59 am
Spot Gold held in proximity to a 2-week peak on Wednesday, as the US Dollar pulled back from recent highs, amid signs of de-escalation in the Middle East conflict, which could push Oil prices down and alleviate concerns over central bank interest rate hikes. US President Donald Trump told aides that he was willing to […]
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