June 12, 2026 12:54 pm
Key Moments XAG/USD recovered during Friday’s European session to the mid-$67.00 range, supported by improved risk sentiment. Prospects for a US-Iran agreement and softer US Treasury yields have underpinned demand for the non-yielding metal. A potential bullish Head & Shoulders pattern points to upside levels near $69.03, $71.05, $72.10, and the $75.00 area. Market Mood […]
Read moreJune 12, 2026 9:44 am
Key Moments Benchmark Dutch TTF natural gas futures fell more than 5% to around €47 ($54.3) per MWh as of 0720GMT. Comments from US President Donald Trump about a possible framework agreement with Iran eased near-term supply disruption concerns. Traders remained wary as Iran has not confirmed a finalized deal, while the Strait of Hormuz […]
Read moreJune 12, 2026 9:30 am
Key Moments The Commerce Secretary is due to submit a refined copper tariff recommendation to President Donald Trump by 30 June, with markets already adjusting ahead of the decision. The COMEX-LME copper spread has widened to around $400/t, reflecting tariffs-related risk premia on US-delivered refined copper and a geographic shift in inventories. A projected global […]
Read moreJune 12, 2026 8:39 am
Key Moments Brent slipped below $90/bbl as hopes grew for a ceasefire and restored crude flows through the Strait of Hormuz. ING analysts see a potential inflection point in late July if oil flows do not resume, with Brent possibly moving towards $120-130/bbl. Saudi Arabia, the UAE, and Iraq have lifted output month-on-month, partially offsetting […]
Read moreJune 12, 2026 7:29 am
Key Moments WTI trades around $84.65-$84.70, hovering near its weakest level since April 17 after a sharp selloff. Conflicting signals over a potential US-Iran peace deal and tanker tensions in the Strait of Hormuz have injected uncertainty into price action. Technical indicators point to a bearish near-term bias while WTI remains below the $85.00 area […]
Read moreJune 12, 2026 6:53 am
Key Moments XAU/USD faces renewed selling near the $4,246-$4,247 area after failing to extend its prior rebound from the lowest level since November 2025.
Read moreJune 12, 2026 6:19 am
Key Moments Silver (XAG/USD) trades around $67.00 per troy ounce after dropping back from more than 6% gains in the prior session. Fresh military incidents involving US and Iranian forces near the Strait of Hormuz weigh on sentiment despite emerging peace prospects. Rising global inflation pressures and tighter central bank policy, including an ECB rate […]
Read moreJune 11, 2026 1:37 pm
Key Moments ING’s Warren Patterson highlights that weaker Chinese crude imports and robust U.S. exports have recently reduced pressure on oil prices. China’s crude oil imports in May 2026 declined by 3.2m b/d year-on-year to 7.8m b/d, the lowest level since October 2017. Strategic reserve releases, including from the U.S. SPR, are expected to end […]
Read moreJune 11, 2026 1:33 pm
Key Moments WTI futures on NYMEX trade almost 3% lower near $87.60 during the European session on Thursday. Prices remain capped below the 20-day EMA at $91.52, reinforcing a bearish near-term technical outlook. Further downside could target $84.87 and potentially $78.88 if selling pressure persists. Geopolitics Weigh on Crude as Peace Talks Continue West Texas […]
Read moreJune 11, 2026 9:53 am
Key Moments Russian-origin aluminium represented 93 per cent of available LME warehouse stocks in May, up from 72 per cent in April. Total on-warrant aluminium inventories on the LME fell 23 per cent in May to 254,625 tonnes and now stand at 250,525 tonnes, the lowest since May 2025. Chinese-origin copper accounted for 53 per […]
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