Goldman Sachs warns that the world faces serious risks to the rare earth supply chain, primarily due to China’s overwhelming dominance in mining and refining. Minerals such as samarium, lutetium, and terbium are crucial for high-tech applications, from batteries and chips to artificial intelligence and defense equipment. However, China is now expanding export restrictions, tightening…
Gold prices experienced a slight decline in trading on Tuesday ahead of the European session. At the time of writing, gold prices were trading at $4,324 in line with the limited strengthening of the US dollar. Some market participants took profits after gold briefly approached a record high. The strengthening of the dollar in recent…
World oil prices weakened again as the market began to worry about a global oversupply. Recent data showed that the volume of crude oil shipped by sea reached a record high, indicating that producers continue to increase volumes even as demand begins to slow. This has fueled concerns that the market will be flooded with…
Silver prices declined during Tuesday’s trading session, with the price of XAG trading at $51.65 at the time of writing. The easing of trade tensions between the United States and China has reduced investor interest in safe-haven assets. US President Donald Trump expressed confidence that the two countries would reach a trade deal soon, ahead…
Gold extended its rally and set a new record in the Asian session on Wednesday (October 15th), with the market now targeting a breakout of the psychological $4,200/oz level. The rise was driven by a combination of expectations of a Fed interest rate cut, a weakening US dollar, and hedging flows amid global anxiety. Risk…
The Hang Seng Index rose 1.6% to 25,836.06 at 10:12 a.m. local time on Wednesday, snapping a seven-day losing streak (~-7%). The rise was driven by expectations of a Fed rate cut this month after Jerome Powell signaled a 25-bps rate cut, offsetting concerns about renewed US-China tensions (the “cooking oil” issue). Hang Seng Tech…
