March 12, 2025 2:16 pm
Key moments U.S. natural gas futures fell below $4.200, reversing a prior surge to $4.901. Warmer-than-average temperature forecasts have dampened heating demand expectations, driving this significant price correction. While short-term demand is weak, projected inventory levels are 10% below the five-year average by summer, and restrained rig activity suggests potential long-term price support. Natural Gas […]
Read moreMarch 12, 2025 10:44 am
Key moments Aluminum futures rose to $2,710 on Wednesday. The surge followed a brief drop to $2,690. U.S. trade disputes continue to escalate, with China announcing retaliation plans. Aluminum Surges As Trade Tensions Continue Wednesday saw aluminum futures surge, breaching $2,710. This increase occurred amidst a confluence of factors, notably the tightening of supply from […]
Read moreMarch 12, 2025 10:09 am
Key moments Spot Silver trades near three-week peak on safe haven demand US President Trump reverses course on a pledge to increase tariffs on Canadian steel and aluminum to 50% US CPI report now eyed for clues on Fed rate cut path Spot Silver scaled a fresh three-week peak of $33.08 per troy ounce on […]
Read moreMarch 12, 2025 9:54 am
Key moments Silver price (XAG/USD) trades near $33.00, fluctuating after recent gains. Technical indicators suggest a weakening bullish bias, yet short-term momentum remains positive. Key resistance identified at the four-month high of $33.40, with support at $32.41. Key Levels: $33.40 Resistance, $32.41 Support, Bullish RSI Above 50 The silver price (XAG/USD) is experiencing a period […]
Read moreMarch 12, 2025 8:12 am
Key moments Spot Gold holds steady above $2,900 mark as US CPI data eyed US President Trump reverses course on a pledge to increase tariffs on Canadian steel and aluminum to 50% Kyiv intends to accept a Washington proposal for a 30-day ceasefire Spot Gold was mostly flat on Wednesday, as market players awaited the […]
Read moreMarch 12, 2025 6:46 am
Key Moments President Trump doubles existing steel and aluminum tariffs on Canadian imports to 50%. Ontario’s provincial leader implements a 25% surcharge on electricity exports to select U.S. states. Trump threatens a national emergency declaration regarding electricity and further tariffs on Canadian automobiles. Trade Tensions: U.S. and Canada Engage in Tariff Escalation The ongoing trade […]
Read moreMarch 11, 2025 9:22 am
Key moments WTI crude oil price experiences a modest increase, reaching approximately $65.90 per barrel, following previous session losses. Concerns regarding potential economic slowdown due to US tariffs and retaliatory measures from trading partners create market uncertainty. Economic indicators from China, a major oil importer, signal deflationary pressures, impacting global oil demand forecasts. Global Trade […]
Read moreMarch 11, 2025 9:17 am
Key moments On Tuesday, Brent crude oil surpassed $69 per barrel. Brent crude oil futures recovered after an initial dip to $68.60. Broad market fluctuations stemmed from intricate influences, primarily U.S. recession concerns and fluctuating tariffs impacting major oil producers and consumers. Tuesday’s Trading Session Saw Brent Crude Oil Rally Past $69 Despite a confluence […]
Read moreMarch 11, 2025 7:39 am
Key moments Gold rebounds from 1-week low, reclaims $2,900 per troy ounce Gold’s overall uptrend remains intact – analyst Focus sets on US job openings, CPI data Having briefly touched a one-week low on Tuesday, Spot Gold bounced back above the $2,900 level, as the US Dollar and US Treasury yields retreated ahead of key […]
Read moreMarch 10, 2025 2:45 pm
Key moments U.S. natural gas futures have climbed past $4.60 per MMBtu. The U.S. is experiencing record liquefied natural gas (LNG) exports, adding significant pressure to domestic supplies. Despite entering winter with high inventory levels, a rapid drawdown due to extreme cold has pushed natural gas reserves below the five-year average. Natural Gas Futures Have […]
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