Global aluminum markets could shift from a supply deficit to a substantial surplus in 2027 as production expands in Indonesia and shipments from Middle Eastern smelters recover from disruptions linked to the Iran war. The changing outlook has already weighed on prices. Aluminum fell below $3,000 per metric tonne during the week of October 16,
Aluminum Faces 2027 Surplus Read More »
Iron ore prices recovered from their lowest levels in more than two years on October 16 as investors bought the dip and signs of improving steel-sector profitability offered some relief to China’s struggling industrial market. The rebound was modest, however, and prices remained under pressure for the week. Rising port inventories, subdued steelmaking profitability and
Gold’s recent price weakness could present a buying opportunity rather than signal the end of its bull market, according to Jefferies. The investment bank maintains its forecast for gold to reach $5,000 per ounce in 2027, arguing that mounting US government debt, persistent inflation and continued central-bank purchases remain powerful long-term drivers. The outlook comes
Gold Targets $5,000 Read More »
China is stepping up its gold accumulation as investors take advantage of lower prices, exchange-traded fund holdings reach records and seasonal buying supports demand heading into the final quarter of 2026. The People’s Bank of China added 23 tonnes of gold to its reserves in September, while Chinese gold ETFs recorded their third consecutive month
China Buys Gold at Dip Read More »
Oil prices edged lower on Friday, 16 October, but remained on track for a weekly gain as traders weighed fragile supply conditions in the Middle East against efforts to ease pressure on energy markets. Brent crude futures traded around $105.45 per barrel, while US West Texas Intermediate (WTI) stood near $97.35. Despite the daily decline,
Oil Holds Weekly Gains Read More »
Gold prices advanced on Friday as a weaker US dollar and easing bond yields supported demand for the precious metal, despite persistent inflation concerns and uncertainty over the Federal Reserve’s next policy move. US gold futures rose approximately 0.7% to $4,200.80 per troy ounce on 16 October. The move came as investors reassessed interest-rate expectations
Rising copper prices and growing concerns over future supply shortages are breathing new life into dormant mines, as producers seek faster ways to bring additional metal to market. From Australia to Zambia and Argentina, mining companies are reconsidering assets that were previously uneconomic or had been shut for years. The shift reflects a structural challenge
Copper Revives Old Mines Read More »
Copper prices are approaching a critical technical turning point as the metal struggles to break through resistance near $6.75 per pound. The market has been consolidating after a recent advance, leaving traders weighing the potential for a bullish breakout against the risk of a failed rally. Technical analysis published earlier this week placed copper near
Copper Faces Breakout Test Read More »
London gas oil prices are hovering near a critical technical support level as traders assess whether the latest pullback signals a deeper reversal or a temporary pause in the market’s advance. The benchmark European middle-distillate contract has been trading within a wide range after a period of sharp price swings. Technical analysis published on October
London Gas Oil Tests Support Read More »
Natural gas prices are consolidating after a recent advance, with traders watching whether the market can break through key resistance levels and extend its gains. The technical setup has attracted attention as prices balance supportive longer-term momentum against signs that near-term buying pressure is weakening. On October 12, natural gas futures were trading around $3.172
Natural Gas Tests Resistance Read More »
A powerful El Niño developing in the Pacific Ocean is raising concerns about global food production, commodity prices and inflation as changing weather patterns increase the risk of drought in some regions and flooding in others. The World Meteorological Organization expects the current event to strengthen through late 2026, potentially making it one of the
Super El Niño Threatens Food Supply Read More »
Gold and silver remain caught between resilient investment demand and pressure from rising bond yields and a stronger US dollar, as investors reassess the outlook for precious metals and the path of US interest rates. Gold futures have repeatedly tested $4,100 an ounce, while silver has struggled to break decisively above $60. CPM Group expects
Gold and Silver Catalysts Read More »
