May 2, 2025 10:12 am
Key Moments: Brent crude futures fell almost 0,8% on Friday, reaching $61.64 per barrel. WTI also slid downward, dropping 0.91% to $58.70. Markets responded cautiously to China’s reported consideration of US overtures on trade tariffs and Trump’s weighing of secondary sanctions targeting Iranian oil buyers. Energy Futures Fall Crude oil prices initially indicated stability on […]
Read moreMay 2, 2025 8:58 am
Spot Silver bounced off a 3-week low of $31.67 per troy ounce on Friday, as investors braced for the US Non-Farm Payrolls report later in the day for more insight into macroeconomic conditions and the Fed’s future interest rate path. Employers in all sectors of the US economy, excluding farming, probably added 130,000 job positions […]
Read moreMay 2, 2025 7:00 am
Spot Gold hovered above a 2 1/2-week low of $3,201.95 on Friday, as investors braced for the US Non-Farm Payrolls report later in the day for more insight into macroeconomic conditions and the Fed’s future interest rate path. Employers in all sectors of the US economy, excluding farming, probably added 130,000 job positions in April, […]
Read moreApril 30, 2025 10:38 am
Key Moments: ShFE copper inventories dropped 23.5% to 89,307 metric tons on Wednesday Tuesday saw the Yangshan copper premium reach $94 per ton. COMEX copper stockpiles have climbed 45% in the past four months, but futures plummeted 4.63% on Wednesday. Inventory Drops Intensify Market Tightness Shanghai Futures Exchange (ShFE) copper reserves declined for the second […]
Read moreApril 30, 2025 9:28 am
Spot Silver slid to a fresh 1-week low of $32.34 per troy ounce on Wednesday, as abating concerns over the US tariff impact reduced demand for safe-haven metals. The Trump administration intends to ease levies on foreign parts used in US-made vehicles and prevent overlapping duties on imported autos. Also, US Commerce Secretary Howard Lutnick […]
Read moreApril 30, 2025 7:30 am
Spot Gold extended losses on Wednesday, holding just above the $3,300 mark, as abating concerns over the US tariff impact reduced the safe haven appeal of the metal. The Trump administration intends to ease levies on foreign parts used in US-made vehicles and prevent overlapping duties on imported autos. Also, US Commerce Secretary Howard Lutnick […]
Read moreApril 29, 2025 8:40 am
Spot Silver has steadied near the $33.00 mark after recent pullback, as market players sought more clarity on US-China trade relations. US Treasury Secretary Scott Bessent said yesterday that many key US trade partners had made “very good” proposals to avert new tariffs. Also, China’s decision to exempt some US goods from its retaliatory tariffs […]
Read moreApril 29, 2025 7:01 am
Spot Gold edged lower on Tuesday, holding below the $3,350 mark, as market players continued to pay attention to tariff negotiations at the start of a data-laden week. US Treasury Secretary Scott Bessent said yesterday that many key US trade partners had made “very good” proposals to avert new tariffs. Also, China’s decision to exempt […]
Read moreApril 29, 2025 6:56 am
Key Moments: Brent crude futures witnessed a roughly 1% decrease on Tuesday. WTI futures also slid downwards, falling 1.11% to $61.36. Recession fears and a potential acceleration of supply output by OPEC+ fueled bearish sentiment. Demand Concerns Linked to US-China Trade Dispute Weigh on Oil Prices Tuesday witnessed a downturn in the value of both […]
Read moreApril 28, 2025 8:32 am
Spot Silver extended a pullback from recent 3-week high of $33.68 on Monday, as easing trade tensions between the US and China reduced the safe haven appeal of the metal. A firmer US Dollar was also weighing on the commodity. The partial rollback of tariffs on some US imports by China was perceived as a […]
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