Commodities

Analysis: How rising Middle East tensions are shaking global oil supply and prices

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again. At one point on Friday, Brent crude oil prices had jumped more than $8 per barrel to hit its highest level since late January. Israe...

Brent crude oil price forecast after the Israel attack on Iran

Brent crude oil price went parabolic on Friday, moving to a high of $76.50, its highest point since January and 35% above the lowest point this year. Similarly, the West Texas Intermediate (WTI) price soared to $77.53, up by over 40% from the year-to...

Here’s why platinum price has soared to a 4-year high

Platinum price extended its gains on Wednesday to trade at a level last recorded in May 2021. Since early April when it was at its lowest level since November 2023, the previous metal has rallied by about 45%. At the time of writing, it was at $1,256...

Copper remains supported for now even as China optimism fades

Since the start of the year, copper prices have been volatile, primarily due to tariff risks and China’s uncertain economic recovery. According to the ING Group, the optimism over copper demand in China has been fading.  Copper prices have...

Long XAU/AUD: breakout above 5150 with inverted hammer confirms bullish momentum amid RBA dovish signals

US and Iran to resume nuclear talks Sunday in Muscat as tensions rise

Oman’s foreign minister announced on Thursday that the sixth round of US-Iran nuclear talks would take place on Sunday in Muscat.  This announcement followed US President Donald Trump’s reaffirmation that Tehran would not be permitte...

Long XAU/GBP: bullish gold setup eyes £2,500 as recession, geopolitics and GBP weakness fuel rally

Is platinum becoming the cheap alternative to gold?

The extensive rise in platinum prices this year has been surprising. The metal has even surpassed gold with a 40% increase in prices since the beginning of the year.  On Monday, platinum prices surpassed $1,200 per ounce, marking a four-year hig...

Aluminum and steel tariffs spark rise in secondary production, price divergence

US tariffs on steel and aluminum were doubled, but the metal markets appear to have quickly absorbed the impact.  Aluminum prices on the LME have already fully rebounded to approximately $2,440 per ton after a brief dip. “The market therefore do...

US markets close in red as inflation and trade truce vie with geopolitical tensions

The U.S. stock markets closed a volatile Wednesday session in the red as investors digested a fresh batch of inflation data, cautious news regarding a U.S.-China trade truce, and persistent concerns over escalating tensions in the Middle East impacti...

Long WTI: breaks major resistance, supported by API drawdown and positive trade sentiment ahead of EIA

Corn’s lucrative prospects drive increased US production, says Signal Ocean

While US soybean exports have decreased due to China’s shift to Brazilian suppliers, American corn exports are showing strong performance.  First quarter 2025 data suggests corn export volumes may surpass those of the previous three years,...

Supply chain issues force India’s Maruti to revise EV production targets

India’s Maruti Suzuki, facing rare earth shortages, has significantly reduced its initial electric vehicle e-Vitara production goals by two-thirds, as revealed in a document, highlighting ongoing supply chain disruptions within the automotive sector...

Crude oil awaits fresh catalyst to rise further: can recent strength hold?

Wednesday saw oil prices dip, as markets analysed the results of US-China trade discussions, which still await President Donald Trump’s review.  Market pressures included weak oil demand from China coupled with increased output from OPEC+....

US and Mexico close to agreement on easing Trump’s steel tariffs on imports: report

The United States and Mexico are moving closer to a trade agreement that would limit the impact of President Donald Trump’s proposed 50% tariffs on steel, by allowing a portion of imports to enter the US duty-free, according to a report by Bloomberg....

Gold price outlook remains volatile amid global economic uncertainty

In the ever-shifting landscape of global economics, gold remains a cornerstone asset for investors seeking stability. However, as we move through 2025, the gold price outlook is anything but certain. Persistent global economic uncertainty, driven by...

Africa Energy Corp targets 2033 for major gas project in South Africa

Africa Energy Corp, a company listed on the Toronto Stock Exchange Venture Exchange, has announced ambitious plans to initiate gas production from the Brulpadda and Luiperd discoveries off the southern coast of South Africa. These discoveries, repres...

China extends EU pork import probe as trade rift deepens

In a move escalating trade tensions between China and the European Union, Beijing has officially prolonged its ongoing investigation into EU-sourced pork imports by an additional six months.  This decision, announced on Tuesday, comes just days...

Rolls-Royce wins SMR bid as UK launches nuclear drive with Sizewell C and mini reactors

Rolls-Royce has been selected as the preferred bidder to build the UK’s first fleet of mini nuclear power stations, in a significant step aimed at securing Britain’s energy future and reviving domestic nuclear capabilities. The announcement, made on...

Long Gold: breakout signals strength as safe-haven demand and technicals support near-term upside move