Metals
Precious metals offer unique inflationary protection. They have intrinsic value, carry no credit risk, and cannot be inflated. That means you can’t print more of them. They also offer genuine upheaval insurance against financial or political/military upheavals.
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Chart of The Day – Gold Below Psychological $4,000 Level as Rate Hike Fears Deepen
Gold has slipped back below the psychological barrier of $4,000 per ounce, remaining trapped at 8-month lows. The precious metal…
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Iron Ore Slides Toward 1-Year Low
Iron ore futures fell below CNY 740 per ton, drifting toward their lowest levels in nearly a year as new…
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Aluminum Drops to Lowest in Over 4 Months
Aluminum futures in the UK fell below $3,100 per tonne, the lowest since February, pressured by a stronger US dollar…
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Steel Extends Decline Toward 8-Month Low
Steel rebar futures dropped below CNY 3,040 per ton on Wednesday, approaching their lowest levels in eight months as tighter…
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Commodity Talk – Oil, Gold, Natgas, Cocoa
🛢️ Oil Largest quarterly drop since the pandemic: Brent crude oil futures prices fell by approximately 30% in the second…
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XAG/USD declines below $58 amid uncertainty over US-Iran peace prospects
Silver price declines below $58.00 amid doubts over the sustainability of US-Iran peace. The US negotiating team declines to meet…
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XAU/USD hangs near YTD low, below $4,000 as Iran risks and Fed hike bets bolster USD
Gold remains under some selling pressure for the third straight day on Wednesday. The Iran uncertainty and Fed hike bets…
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Copper Falls Ahead of US Market Report
Copper futures fell below $6.1 per pound on Wednesday, reversing the previous session’s gains as investors awaited a US Commerce…
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Chart of The Day – Gold rebounds above $4000 – Goldman Sachs reaffirmed the forecast
Although gold has fallen by nearly 30% since late January , and is down around 24% since the outbreak of…
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