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Gold could suffer from repricing of Fed rate cuts – TDS
Global markets are pricing a shift away from normalization cuts towards aggressive Fed easing, which is part of the story on the extraordinarily high correlations across markets over the last sessions, TDS senior commodity strategist Daniel Ghali notes.
Fxstreet
Aug 14, 2024
Gold price remains on the defensive amid repositioning ahead of the US CPI data release
Gold price (XAU/USD) ended in the red on Tuesday as bulls opted to take some profits off the table following the recent gains registered over the past three days and ahead of the key US inflation data.Fxstreet
Aug 14, 2024
Share of Russian material in LME stocks falls for Nickel and Copper and rises for Aluminium – Commerzbank
Meanwhile, concentration is falling elsewhere: according to LME statistics, the share of Nickel stocks of Russian origin fell from 27% at the end of June to 24% at the end of July, and from 27% to 21% for Copper, Commerzbank’s commodity analyst Barbara Lambrecht notes.Fxstreet
Aug 13, 2024
Fundamentals to drive oil correction in Q4 as supply/demand surpluses increase: Ma
Investing.com -- The oil market is poised for a significant correction in the fourth quarter of 2024, driven primarily by increasing supply/demand surpluses. While oil prices have been recovering fromInvesting.com
Aug 13, 2024
