COMMODITY INSIGHTS
Commodities are capturing vastly the attention of investors amid the latest monetary turbulence. Our experts, therefore, demonstrate the daily global commodity key developments to know.
27 Jul 2023
Copper rebounds over $3.90/lb on Chinese stimulus and a falling dollar
The price of copper is approaching the key $4 a pound resistant level, having benefited from Chinese officials promising more stimulus measures to support economic...
11 Jul 2023
Brent oil extends gains over $78/b on OPEC+ supply cuts and a weaker dollar
Both Brent and WTI crude oil prices have rebounded nearly 10% since bottoming at the end of June given the supply cuts by the world’s biggest oil exporters Saudi...
28 Jun 2023
Brent oil falls below $73/b on demand worries despite geopolitical risks
Both Brent and WTI crude oil prices extended recent losses by another 2.5% on Tuesday, falling as low as $72.80/b and $67.90/b respectively as moderate economic growth around the world and especially...
12 Jun 2023
Brent falls over 2% to $73/b on deteriorating economic and demand outlook
Both crude oil contracts started the new week on left footing by retreating over 2% from Friday’s closing, with the price of the international benchmark Brent falling...
30 May 2023
Gold hits a two-month low of $1,930/oz on debt agreement and a soaring dollar
The price of gold dropped as much as 2% to nearly $1,930/oz on Tuesday morning, posting its lowest level since mid-March as investors move away from havens to pivot into...
23 May 2023
Copper hits a seven-month low of $3.61/lb on deteriorating demand outlook
Copper slumped the most in seven months as weaker-than-expected macroeconomic data in China, Europe, and the USA, fears of a global recession, U.S. default risk, and the rebounding dollar have temped...
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