Gold Prices are Continuing to Break Records Due To a Surge in Speculative Buying and Increased Geopolitical Tensions
Gold prices continued their record-breaking rally on Monday, buoyed by speculative buying and ongoing tensions in the Middle East. These factors overshadowed strong U.S. job growth in March. Analyst Kyle Rodda (Capital.com) says futures prices show investors are chasing momentum and overly optimistic about gold at current levels. Geopolitical tensions in the Middle East could […]
Brent Crude Prices Soar Amidst Geopolitical Tensions and Supply Constraints
Brent crude oil prices have witnessed a significant upsurge in recent weeks, reaching their highest level since October 2023. This surge can be attributed to two primary factors: escalating geopolitical tensions in the Middle East and persistent limitations on global crude oil supply. Geopolitical Risks Stoke Market Anxiety The recent events that have unfolded in […]
Oil Prices are Increasing as Investors are Betting on Tighter Supply and China’s Growing Economy
Oil prices increased on Monday, extending recent gains due to expectations of tighter supply from OPEC+ cuts, attacks on Russian refineries, and positive Chinese manufacturing data that supported outlooks for improving demand. Brent crude has increased by 24 cents, which is equivalent to 0.3%, and it is currently trading at $87.24 a barrel as of […]
Copper Prices Buoyed by Supply Cuts and Chinese Growth Signals
Copper prices experienced a moderate increase on Thursday, supported by a confluence of positive developments. Supply Constraints Prompt Smelter Cutbacks Leading Chinese copper smelters have proposed production cuts ranging from 5% to 10% in response to a tightening market for raw materials. This move, if implemented, could significantly alleviate supply pressures and provide a fundamental […]
Chocolate Lovers Brace Up: Soaring Cocoa Prices Threaten to Upend Your Easter Treats
The global chocolate industry is facing a period of significant turbulence as cocoa prices reach unprecedented highs. This surge stems from a confluence of factors that have severely constrained cocoa supply in West Africa, the world’s leading producer. The repercussions of this crisis are poised to directly impact consumer chocolate consumption in the form of […]
US Natural Gas Prices Rise as EQT Corporation Curtails Production Amidst Oversupply
In the United States, the prices of natural gas have been rising after EQT Corporation, the biggest producer in the country, announced its plans to reduce its production output. This decision has been taken in response to the current oversupply situation in the market caused by an unseasonably warm winter that has decreased demand, resulting […]
The Supply of Cocoa is Becoming Even More Limited
The Cocoa market is facing a supply deficit of 374kt for 2023/24 due to falling production. According to the International Cocoa Organization (ICCO), production is expected to decrease by 11% to 4.5mt in 2023/24 due to lower output from major producing countries, including the Ivory Coast and Ghana. This decrease in production could push inventories […]
Nickel Industry Faces Existential Threat from Low-Cost Indonesian Production
The global nickel industry is in turmoil, with half of all mines currently unprofitable due to a flood of cheap nickel from Indonesia. This surge in low-cost production is pushing established players like Australia and New Caledonia out of the market, posing a significant challenge to the green energy transition. Indonesian Dominance: Indonesia, with its […]
Palladium Plummets: Supply-Demand Imbalance Exacerbated by Market Shifts
Palladium prices experienced a precipitous decline on Tuesday, plummeting over 4% to their lowest point since 2018. This significant drop underscores growing concerns about the metal’s long-term viability, as its primary application in automotive emission control faces headwinds from multiple directions. Two key factors are driving this shift: Substitution by Platinum: Automakers are increasingly opting […]
Silver Price Surges to Near $23 as Middle East Tensions Rise
The price of silver has surged to nearly $23 as geopolitical tensions deepen, increasing the appeal of bullion. The white metal is seeing significant buying interest as volatility expands due to the ongoing crises in the Middle East. Geopolitical tensions have been heightened following an aerial drone attack in northeastern Jordan which killed three US […]
