Sun, December 04, 2022

Copper Trading

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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Copper

Supply shortage pushes copper higher

Copper prices advanced to rally towards record highs on Monday as hints of highly tight supply exceeded concern that slowing growth in top consumer China will influence demand. Traders were paying enormous premiums for quickly deliverable copper following stockpiles in the London Metal Exchange’s (LME) warehouse system tumbled to their weakest level in decades. Benchmark LME copper …

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Weekly market updates: Forex, Stocks, Crypto, Commodities

Weekly market updates: Forex Stocks Crypto Commodities

Forex weekly overview Global markets had some significant ups and downs this week. In This article, we will summarize some major highlights in Forex, Crypto, Stocks, and Commodity markets that occurred this week. Let’s start with the forex market. USD had some great updates this week. The U.S. dollar hit a nine-month high against major …

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Dow Futures Are Reduced by 200 Points - Causes and Solution

Dow Futures Are Reduced by 200 Points – Causes and Solution

Although the coronavirus pandemic has been raging for more than two years, and there is a vaccine to fight it, it still manages to damage the country’s economy. What are the latest data and expert assessments of current events? What else can we expect from the Covid 19 pandemic, and when will the situation stabilize? …

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China`s first round of auctions fails to impress

China`s first round of auctions fails to impress

China has published details of its first round of auctions of non-ferrous metals from its state reserves. The market response was underwhelming at best. The National Food and Strategic Reserves Administration stated that it would auction 20,000 tonnes of copper, 30,000 tonnes of zinc, and 50,000 tonnes of aluminum on July 5-6. The unique auction …

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commodities

China is no longer center of commodities pricing

Goldman Sachs stated it no longer viewed China as the center of commodities pricing, reflecting the pace of demand recovery in developed markets implied Beijing as Western consumers have crowded out buyers. The bullish commodity thesis is neither regarding Chinese speculators nor Chinese demand increase. It is about lack and the DM-led recovery, and the …

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