Gold prices fell slightly below $4,100 per ounce in European trading Thursday morning, as investors took profits after significant gains in recent weeks. Optimism about easing trade tensions between the United States (US) and China prompted market participants to sell gold to lock in profits. At the same time, demand for the US dollar has…
Oil prices edged higher on Tuesday after an API report indicated US crude inventories fell by 3 million barrels, the first decline in four weeks. Brent for December delivery rose about 0.3% to $61.49/barrel, while WTI rose 0.3% to $57.42/barrel. The market awaits confirmation from official US government data (EIA) due Wednesday to determine the…
Japan’s Nikkei Stock Index fell 0.7% (October 22) to 48,988.23, dragged down by chip and metal stocks, as profit-taking followed the recent surge in these stocks. SoftBank Group fell 8.3%, Advantest fell 2.8%, while Sumitomo Metal Mining fell 5.3% and JX Advanced Metals fell 4.5%. Meanwhile, automotive stocks rose thanks to a weaker yen and…
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…
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…
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…
