April 23, 2026 1:12 pm
Key Moments Copper and Aluminium edged higher after reduced near-term geopolitical risk, even as the Strait of Hormuz remained closed. Aluminium drew support from supply disruptions in the Middle East, a region accounting for around 9% of global production. Copper supply risks increased due to potential sulphuric acid shortages from shipping disruptions and China’s planned […]
Read moreApril 23, 2026 10:27 am
Key Moments Benchmark Dutch TTF front-month gas rose 1.85 euros to 45.40 euros per megawatt hour, a 4.2% gain on the day. Colder weather projections and uncertainty around US-Iran peace talks pressured sentiment in the European gas market. The key EU gas benchmark had previously fallen about 39% from a peak of 74 euros per […]
Read moreApril 23, 2026 9:23 am
Key Moments Brent crude has moved firmly back above $100/bbl as markets reassess risks linked to the Iran conflict and Persian Gulf disruptions. Analysts point to fading expectations of a US-Iran agreement, intensifying demand destruction, and tighter European jet fuel markets. Energy Information Administration data show US exports of crude and refined products are at […]
Read moreApril 23, 2026 8:36 am
Spot Silver retreated nearly 2% on Thursday, while oil prices extended gains, as investors continued to monitor whether the fragile ceasefire between the US and Iran will hold. US President Donald Trump said on Tuesday he would indefinitely extend the ceasefire with Iran so that further peace talks could take place, while awaiting a “unified […]
Read moreApril 23, 2026 7:52 am
Key Moments WTI trades around $93.00 per barrel in Asian hours on Thursday, extending gains into a third straight session. Reports of Iranian actions against ships in the Strait of Hormuz and comments from Iranian officials heighten concerns over supply disruptions. US crude and product exports hit a record 12.88 million bpd, while EIA data […]
Read moreApril 23, 2026 6:58 am
Spot Gold edged lower on Thursday, while oil prices extended gains, as investors continued to monitor whether the fragile ceasefire between the US and Iran will hold. US President Donald Trump said on Tuesday he would indefinitely extend the ceasefire with Iran so that further peace talks could take place, while awaiting a “unified proposal” […]
Read moreApril 23, 2026 6:51 am
Key Moments Gold (XAU/USD) trades below $4,700 and keeps a bearish tone as the US Dollar extends gains. Meanwhile, tensions around Iran and risks in the Strait of Hormuz continue to support USD demand. In addition, expectations for delayed Federal Reserve rate cuts weigh on non-yielding bullion. Macro Drivers Pressure Gold Prices Gold (XAU/USD) remains […]
Read moreApril 23, 2026 5:50 am
Key Moments XAG/USD trades near $77.60 per troy ounce in Asian hours Thursday after only modest prior gains. Heightened tensions in the Strait of Hormuz and elevated energy prices keep inflation risks in focus. Reuters survey shows 56 of 103 economists expect the Fed to keep rates at 3.5%-3.75% at least through September. Middle East […]
Read moreApril 22, 2026 2:19 pm
Key Moments Brent crude is approaching USD100 as shipments through the Strait of Hormuz are not expected to resume early. OCBC strategists warn that another month of supply outages could push crude inventories toward operational lows, triggering demand destruction. Signs of weakening demand are already visible, including more flight cancellations, lower refinery utilization, and EU […]
Read moreApril 22, 2026 12:59 pm
Key Moments XAU/USD trades near $4,750, rebounding from a one-week low of $4,668 reached on Tuesday.
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