May 21, 2025 1:43 pm
Key Moments: Platinum futures climbed to $1,072 t.oz., marking their highest level in 51 weeks. Chinese platinum imports in April reached a 12-month peak of 11.5 metric tonnes. Shenzhen-based Shuibei saw platinum retail outlets increase by 300% in a single month. Breakout Above $1,000 as Bullish Momentum Builds Platinum futures surged beyond the key $1,000 […]
Read moreMay 21, 2025 10:39 am
Key Moments: WTI futures rose 1.23% to $62.79 per barrel on Wednesday. The Brent benchmark, meanwhile, gained 1.12% and reached $66.11 per barrel The spike followed reports of possible Israeli military action against Iran. Oil Markets React to Geopolitical Risks Crude oil benchmarks moved higher on Wednesday following a CNN report citing newly acquired US […]
Read moreMay 21, 2025 9:37 am
Spot Silver scaled a fresh 1-week high of $33.20 per troy ounce on Wednesday on the back of a weaker US Dollar and amid US fiscal uncertainty. The US Dollar Index was last down 0.29% to 99.724, after earlier sliding to its lowest level since May 7th (99.423). A weaker dollar makes dollar-priced Silver more […]
Read moreMay 21, 2025 7:04 am
Spot Gold advanced to a fresh 1 1/2-week high of $3,320.42 on Wednesday on the back of a weaker US Dollar and amid US fiscal uncertainty. The US Dollar Index was last down 0.57% to 99.442, after earlier sliding to its lowest level since May 7th (99.423). A weaker dollar makes dollar-priced Gold more appealing […]
Read moreMay 20, 2025 2:27 pm
Key Moments: Kazakhstan’s oil output increased by 2% in May, averaging 1.86 million barrels per day. The country’s production continues to exceed its OPEC+ quota of 1.486 million bpd for the current month. Futures contracts relating to WTI and Brent crude oil prices fell by over 0.7%. Strained Compliance with OPEC+ Limits Kazakhstan raised its […]
Read moreMay 20, 2025 9:02 am
Spot Silver eased on Tuesday, reversing a gain from the prior trading day, as investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on demand for safe-haven assets. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. Meanwhile, […]
Read moreMay 20, 2025 6:58 am
Spot Gold edged lower on Tuesday, as a firmer US Dollar and investor optimism regarding a potential ceasefire between Russia and Ukraine weighed on the safe-haven allure of the metal. Yesterday US President Donald Trump spoke with Russia’s President Vladimir Putin and announced Russia and Ukraine would immediately begin negotiations aimed at a ceasefire. The […]
Read moreMay 19, 2025 8:51 am
Spot Silver surged on Monday, reversing a loss from Friday, supported by a softer US Dollar amid renewed trade tensions. US Treasury Secretary Scott Bessent said over the weekend President Donald Trump would impose tariffs at the rate he pledged in April on trading partners, who do not negotiate in “good faith”. A softer US […]
Read moreMay 19, 2025 7:46 am
Key Moments: Brent crude futures fell 56 cents to $64.85 on Monday. WTI oil also dropped, falling 0.89% to $61.42. Moody’s downgraded the United States’ creditworthiness due to rising national debt China’s factory output growth fell last month, as did the climb in retail sales. The former stood at 6.1%, while the latter dropped to […]
Read moreMay 19, 2025 7:12 am
Spot Gold rose on Monday, reversing a loss from Friday, on the back of a softer US Dollar amid renewed trade tensions. US Treasury Secretary Scott Bessent said over the weekend President Donald Trump would impose tariffs at the rate he pledged in April on trading partners, who do not negotiate in “good faith”. A […]
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