Today, the price of 1 kg copper in India has settled up by 0.5% at ₹840.65. This increase is largely attributed to China’s introduction of several easing measures aimed at bolstering its economy.The People’s Bank of China announced a 50-basis-point cut to the reserve requireme...

Inflation Trend May Influence Federal Reserve’s Interest Rate Decision U.S. consumer prices in July exhibited a moderate rise, with higher rents offset by reduced costs for goods like vehicles and furniture. This trend might sway the Federal Reserve’s decision to maintain inte...

Russian Aluminum Dominance Sparks Sanctions Debate Amidst Global Market Weakness Amidst a rebound in short-term aluminum prices. The Aluminum Monthly Metals Index (MMI) saw a modest 0.4% rise from July to August. (Read More)

In a significant move, ratings agency Moody’s (NYSE:MCO) has downgraded the credit ratings of multiple U.S. banks, highlighting concerns over growing profitability pressures and the looming possibility of a mild recession. (Read More)

In Monday’s trading session, gold prices receded 0.4% to $1,934.89 per ounce as the U.S. dollar and Treasury yields strengthened following the analysis of Friday’s jobs report. Although the U.S. economy added fewer jobs than expected in July, wage gains and a decline in the un...

Oil prices remained unchanged on Monday, maintaining their highest levels in nearly four months, thanks to major producers Saudi Arabia and Russia extending supply cuts. The market’s attention now shifts to important inflation readings scheduled for this week. (Read More)

Copper prices started the week on a lower note as a steady dollar exerted pressure. And investors exercised caution while eagerly anticipating key economic data from the U.S. and China. (Read More)

Today, Aluminium price open at 202.15 and closed yesterday at 201.90. The sluggish pace of production resumption in regions in china like Sichuan and Guizhou contributed to this increase. In Yunnan, heavy rainfall and rising reservoir water levels have delayed production resum...

Yesterday, the price of silver increased and closed at 75,326. Traders were positioning themselves in anticipation of Federal Reserve Chair Jerome Powell’s speech and upcoming economic data, which could provide insights into potential future interest rate hikes. In May 2023, s...

According to information from the International Lead & Zinc Study Group, the surplus on the worldwide zinc market decreased to 12,500 metric tonnes in April from 65,000 tonnes a month earlier. This resulted in a rise in zinc prices yesterday, which ended up rising by 1.18...

The International Energy Agency’s (IEA) chief said on Monday that OPEC+ production curbs and oil demand from China and developing nations will likely keep the market tighter in the 2nd half of the year despite a weak global economy. According to IEA chief Fatih Birol, “Even in...

Tuesday saw little movement in gold prices despite a lower dollar as investors resisted making large wagers before the United States inflation statistics that could affect the Fed’s policy course. By 0231 GMT, spot gold remained steady at 1,926.19 dollar for an ounce. At 1,930...

Oil bulls finally received a reprieve from rate rise fears after a softer-than-expected June job statistics showed some easing in the Fed’s hawkishness when policymakers meet in 3 weeks. A weekly update on the United States oil stocks that was released on Thursday and indicate...

Gold prices changed slightly on Friday, and were still nursing big June losses as solid the United States economic indicators boosted risk appetite and fueled concerns about further Fed rate hikes. Following a series of hawkish comments from Fed officials this week, most notab...

The price of oil remained within a narrow range on Friday despite Brent still being on track for its first monthly gain since 2023 due to dismal Chinese data pointing to continued economic challenges in the world’s top oil importer. (Read More)

Tuesday’s gold futures saw a lower settlement as a result of positive the United States economic statistics.Additionally, investors anticipated Federal Reserve Chair Jerome Powell’s address on Wednesday at the policy panel before to the ECB Forum in Sintra. This week’s data on...

Copper prices fall 0.59% to 712.60 as lower supply and weak demand allayed worries and the absence of further stimulus in China, the world’s largest copper user. A high not seen since November of last year, the premium of the London Metal Exchange cash copper over the 3-month...

LME copper prices opened on Monday at $8,556/mt. The European Central Bank increased interest rate by 25 basis points as anticipated on the macro front. And the market anticipates a further 50 basis point increase from the bank. The US index fell as a result of the euro’s incr...

As concerns over China’s economy overshadowed OPEC+ output cuts & the seventh straight decline in the number of crude oil & gas rig operating in the US, global oil prices dropped more than $1 on Monday, reversing last week’s gains. (Read More)

Crude oil prices are on track for a modest weekly increase after 2 weeks of falls. The news that Chinese refineries had robust demand in May caused an increase in oil prices, as we saw on Thursday. Positive news was the rise in US retail sales as well. (Read More)

The Chilean govt has released a 33-page paper detailing the policy’s aims, timing, and key anticipated milestones, over 2 months after the unveiling of a national lithium strategy. (Read More)

Gold prices dropped on Thursday as a result of conflicting indications from the United States Federal Reserve (Fed). Which had held interest rates unchanged but had also issued a warning that a minimum of 2 more rate increases were probable this year. (Read More)

In May 2023, China imports 2.57 million mt of copper ores & concentrate, increasing 16.8 percent year & 21.6 percent monthly. (Read More)

According to data released on Monday, falling gasoline & commodity prices caused Japan’s wholesale inflation to decrease for a fifth straight month in May. This is an indication that the cost-push stress that has been driving up consumers inflation may be abating. (Read More)

Early Asian trade on Monday saw a little decline in gold prices as the dollar remained stable as investors prepared for a week of important central bank policy meetings. (Read More)

If Pakistan’s upcoming budgeting measures fulfil the expectations of the lender. The country could receive one board review as part of the current bailout programme from the International Monetary Fund , a Fund official said. (Read More)

The dollar was trading at 11-week highs on Thursday ahead of a Federal Reserve conference next week. As most Asian currencies edged lower amid growing worries about rising interest rates and weakening global growth. (Read More)

As part of a larger OPEC+ agreement to limit supply through 2024 and in an effort to support falling oil prices. Saudi Arabia will significantly reduce its output in July. (Read More)

A risk-on surge fueled by increased hopes that the United States Federal Reserve will leave interest rates steady in two weeks. As well as relief that Congress granted a suspension of the US debt ceiling, took hold in Asia and appeared ready to continue as Europe awoke. (Read...

As underlying price increases also slowed last month, the euro zone’s inflation rate decreased more than anticipated, igniting a discussion on whether or not the European Central Bank (ECB) should raise interest rates beyond the one scheduled for this month. (Read More)