March 6, 2025 12:07 pm
Key moments OPEC+ announces a production increase of 138,000 barrels per day, the first rise since 2022. U.S. crude oil stockpiles increase by 3.614 million barrels, exceeding market expectations. WTI crude oil price extends its losing streak, approaching $66 per barrel. OPEC+ Production Hike Triggers Market Downturn West Texas Intermediate (WTI) crude oil prices have […]
Read moreMarch 6, 2025 10:47 am
Key moments KOMSCO halts gold bar sales for over three weeks due to supply issues, amidst strong market demand. South Korea’s bar and coin investment rose 29% in Q4, coinciding with an 11% won depreciation. Individual investors pull ₩224.88 billion from equities, while gold prices climb 10%, showing a shift to gold. Supply Constraints and […]
Read moreMarch 6, 2025 10:06 am
Key moments Global producers propose aluminum premiums of $245-$260 per metric ton for Japan, a potential 14% increase from the prior quarter. Japanese buyers deem offers too high, noting spot market prices are currently below $200 per metric ton. The first quarter premium was agreed at $228 per metric ton, the highest in nearly ten […]
Read moreMarch 6, 2025 9:43 am
Key moments While Gold’s value fell from its Thursday peak of over $2,926, the precious metal continues to hover around $2,900. President Trump’s imposition of tariffs on major trading partners has fueled anxieties about a potential global trade war, prompting investors to seek the stability of gold. Market speculation regarding upcoming Fed interest rate cuts […]
Read moreMarch 5, 2025 2:49 pm
Key moments The United States Natural Gas ETF has seen a dramatic increase, reaching a new 52-week high and a share price exceeding $23. A severe Arctic blast disrupted production and increased heating demand, creating a supply-demand imbalance that significantly boosted UNG’s value. Recent political announcements, such as potential retaliatory export taxes, have caused fluctuations […]
Read moreMarch 5, 2025 1:07 pm
Key moments President Trump’s consideration of a 25% tariff on copper imports is causing significant market volatility and driving price increases. The potential tariffs have created a substantial price gap between Comex copper futures in New York and LME futures in London, reflecting the market’s anticipation of U.S. import restrictions. The prospect of tariffs has […]
Read moreMarch 5, 2025 11:34 am
Key moments Oil prices declined for a third consecutive session, with Brent futures falling 0.63% to $70.59 a barrel. OPEC’s intentions to increase daily output by 138,000 barrels from April will unwind daily cuts of nearly 6 million barrels. US West Texas Intermediate crude also experienced a notable decline of 74 cents, sliding 1.08% to […]
Read moreMarch 5, 2025 9:35 am
Key moments Silver price extends the rally to near $32.15 in Wednesday’s early European session, up 0.90% on the day. The positive view of Silver prevails above the key 100-day EMA with the bullish RSI indicator. The immediate resistance level emerges at the $33.00-$33.05 region; the key support level to watch is in the $31.15-$31.00 […]
Read moreMarch 5, 2025 7:32 am
Key moments Gold price (XAU/USD) halts its two-day winning streak on Wednesday as rising US Treasury yields pressured non-yielding assets. The precious metal may find support from safe-haven demand amid the implementation of US tariffs. Gold also drew buyers as the US halted military aid to Ukraine. Gold Price Declines Amid Rising Treasury Yields, Trade […]
Read moreMarch 4, 2025 2:26 pm
Key moments Ottawa implements a 25% tariff on a substantial $20 billion worth of U.S. imports, effective immediately. China reveals plans to introduce 10% to 15% import taxes on a range of American agricultural products. Both moves were a direct response to U.S. President Donald Trump’s own tariffs on Chinese, Mexican, and Canadian imports. Fears […]
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