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Copper hits record high – ING
Copper hit a record on the LME yesterday, topping its previous high of $11,104.50/t set in May 2024. A supportive macro backdrop, falling US Dollar (USD), rate cuts and low inventories have lifted industrial metals prices recently, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Thu, Oct 30
Funds trim TTF Gas longs amid fresh short positions – ING
Investment funds reduced their net long exposure in TTF natural Gas by 14.3TWh to 46.2TWh last week, mainly due to new short positions. Despite storage levels slipping to just under 83%—below the five-year average—European Gas prices remain range-bound.Fxstreet
Thu, Oct 30
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $59.93 per barrel, down from Wednesday’s close at $60.21.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $63.89 after its previous daily close at $64.20.
WTI treads water above $60.00 before US-China trade deal updates
West Texas Intermediate (WTI) Oil price inches lower after modest gains in the previous session, trading around $60.10 per barrel during the Asian hours on Thursday. Crude Oil prices move little as traders stay cautious following the conclusion of the United States (US)-China meeting.
Gold Price Forecast: XAU/USD holds gains near $3,950 ahead of Trump-Xi meeting
Gold price (XAU/USD) halts its four-day losing streak, trading around $3,950 per troy ounce during the Asian hours on Thursday. Gold prices gain ground as continued central bank purchases and renewed ETF inflows have tightened the supply of metal in both official and exchange channels.Fxstreet
Thu, Oct 30
Gold steadies near $4,000 as Fed delivers split 25 bps rate cut
Gold price rallies as the Federal Reserve (Fed) decided to cut interest rates by 25 basis points, as expected, though not unanimously. At the time of writing, XAU/USD trades volatile within the $3,990-$4,010 range as traders brace for Fed Chair Jerome Powell press conference.Fxstreet
Wed, Oct 29
Gold steadies ahead of Fed decision as traders position for dovish outcome
Gold price recovers some ground on Wednesday after hitting a three-week low of $3,886 the previous day as traders await the Federal Reserve (Fed) decision later in the day. XAU/USD trades at $3,998, snapping three consecutive days of losses.Fxstreet
Wed, Oct 29
Copper prints a new all-time high – TDS
By all accounts, industrial demand has not been the driver of the strength in industrial metal prices — supply-demand balances won't help you explain the cross-section of base metal returns this year, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Wed, Oct 29
Central bank Gold buying slows sharply despite higher prices – TDS
Central bank buying activity has shrunk significantly. After all, the rise in Gold prices — not volumes —has done the heavy lifting in raising the percentage of reserves held in Gold, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Wed, Oct 29
Gold gains traction above $4,000 with Fed interest rate decision in focus
Gold (XAU/USD) stages a modest recovery on Wednesday, reclaiming the $4,000 psychological mark after briefly slipping to a three-week low near $3,886 on Tuesday. The rebound comes as traders cautiously reposition ahead of the Federal Reserve’s (Fed) interest rate decision at 18:00 GMT.Fxstreet
Wed, Oct 29
Gold Price Forecast: XAU/USD snaps three-day losing streak as Fed’s policy takes centre stage
Gold price (XAU/USD) snaps its three-day losing streak, trading 1.70% higher to near $4,020 during the European trading session on Wednesday. The precious metal bounces back ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.Fxstreet
Wed, Oct 29
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $60.21 per barrel, up from Tuesday’s close at $60.03.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.85 price posted on Tuesday, and trading at $64.01.Featured Tools
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