Tue, September 26, 2023

Copper Trading

Gold and other precious metals

Commodity Gold Shines Amidst Economic Uncertainties

Commodity gold, often called the “yellow metal,” has again been spotlighted in global markets. Gold’s value surged due to a weaker dollar and disappointing US economic data, prompting traders to adapt strategies accordingly. The article examines recent trends and factors driving gold’s performance, highlighting its resilience in a complex market environment. Commodity Gold: Rally Amid …

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Commodities and markets

Import into China: Slow Growth in Key Commodities

In the dynamic global trade landscape, China has long been a pivotal player as a major exporter and a voracious importer of vital commodities. However, the recent data on the import into China has raised eyebrows, highlighting a notable deceleration in the country’s demand for critical resources. Amid China’s economic struggles to revive growth, import …

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commodities

Hard Commodities Market: Navigating Turbulent Time

The hard commodities market has experienced a turbulent year, with sliding prices across various sectors, highlighting global economic challenges and potential recession risks. As the S&P GSCI Commodity index indicates, global commodity have witnessed a significant slump of over 25% in the past 12 months. In this article, we will delve into the performance of …

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Dollar

Global shares fall as dollar rises ahead of Fed Powell’s testimony

Global shares fell, and the dollar rose ahead of testimony from Federal Reserve Chairman Jerome Powell, who is expected to offer an outlook for US rates, while weak Chinese trade data further weighed on oil and copper. Statistics demonstrated a steep decrease in both China’s exports and imports in the first two months of the …

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Opticapital Review

Opticapital Review

First Impressions Opticapital.com offers financial trading services and manages more than a thousand trading accounts. The broker has quickly risen to the top ranks of financial brokers by establishing significant relationships and providing a broad selection of tradeable assets. We were pleased to find that many countries, such as, St. Vincent & the Grenadines, the …

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Gold and Metal

What Is Happening in The Market of Gold and Metals?

Gold prices increased marginally on Friday. However, they should have concluded the week down as hawkish remarks from Federal Reserve officials raised the dollar’s chances of more interest rate increases and hurt copper due to worries about the growing COVID-19 cases in China. After rocketing to a close to a three-month high earlier this week, …

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Price of oil per barrel rise amid weak US dollar

Commodity Prices Look Better in Sixty Years

Commodity costs have soared to a staggering start to the month, with their largest back-to-back weekly increases since 1960. Twenty-seven commodities, ranging from metals to energy to agriculture, have recorded spectacular double-digit single-day gains this quarter, outperforming every asset class. Commodities are commonly experiencing 10% or more in back-to-back gains virtually every week, which we …

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commodity trading

Commodity Market Overview: Will Oil Prices Keep Surging?

Commodities tumbled from record highs as investors reversed bullish bets on everything from corn to copper to oil amid recent signs of recession fears sweeping financial markets. Brent crude fell below $100 a barrel on Thursday for the first time since April, 29% below its recent high. Other markets were also hit hard, with the …

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Copper

Copper dwindles to a 3-month low on demand jitters

On Tuesday, copper prices traded to a three-month low as the COVID-19 restrictions in top consumer China fueled worries about weaker growth, hitting metals demand. Its benchmark futures on the London Metal Exchange declined 2.58% or 252.00 points to $9,517.50 per ton. This downward movement marks the lowest level since January 31. The recent weak …

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Metal Prices Extend Surge on Low Global Stockpiles

Metal Prices Extend Surge on Low Global Stockpiles

On Thursday, metal prices extended their rally as global stockpiles remained low amid Russia’s increasing economic isolation. Accordingly, aluminum prices significantly hiked 4.60%, or 160.00 points, to a high of $3,638.00 per tonne. Then, US copper futures rose 1.90% or 0.08 points to $4.76 per pound, hovering around a record territory. Similarly, contracts linked to …

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