Category: Commodities

Forex Signals Dec 19: Payrolls, Cruises, and Banks – Paychex, Carnival, USBC Report Earnings

Posted on by Skerdian Meta

Paychex, Carnival, and USBC are included in today’s results schedule, providing investors with new information about consumer travel demand, regional banking health, and labor trends in the United States.
Continue reading “Forex Signals Dec 19: Payrolls, Cruises, and Banks – Paychex, Carnival, USBC Report Earnings” →

Platinum Charges Higher in Historic Surge, Eyes $2,000 Breakthrough

Posted on by Olumide Adesina

Platinum continued its fast-paced surge, rising as high as 4%. Platinum has now increased by 18% in a continuous run of gains this month. Financial firms are parking metal in the US to protect themselves from the risk of tariffs, and the London market is showing signs of tightening.

Impala Platinum’s Rally Powered by Platinum Prices and Key Technical Chart Signal

 

This year, exports to China have also been strong, and the recent launch of futures trading on the Guangzhou Futures Exchange has increased confidence in the country’s demand. In reference to platinum, Wu stated that “low elasticity in recycling, limited reinvestment at the mine level, and persistent production constraints are making future supply risks harder to ignore.” It is more likely a re-rating than a brief increase.

South Africa, which produces between 70% and 80% of the world’s platinum, experienced mining disruptions that have reduced output.

According to the World Platinum Investment Council (WPIC), there will be a deficit of hundreds of thousands of ounces in 2025—the third year in a row. purchasing safe havens in the face of geopolitical unpredictability, hedging against inflation, and moving away from expensive gold.

 

Forex Signals Dec 18: Nike and FedEx Earnings Preview, Lead ECB and BoE Rate Decisions

Posted on by Skerdian Meta

A potentially tumultuous session is being set up as investors weigh important FedEx and Nike earnings against crucial policy signals from the Bank of England and the ECB.
Continue reading “Forex Signals Dec 18: Nike and FedEx Earnings Preview, Lead ECB and BoE Rate Decisions” →

Platinum Extends Epic Surge as Prices Flirt with $2,000 Barrier

Posted on by Olumide Adesina

Platinum continued its fast-paced surge, rising as high as 4% . Platinum has now increased by 18% in a continuous run of gains this month. Financial firms are parking metal in the US to protect themselves from the risk of tariffs, and the London market is showing signs of tightening.

Impala Platinum’s Rally Powered by Platinum Prices and Key Technical Chart Signal

 

This year, exports to China have also been strong, and the recent launch of futures trading on the Guangzhou Futures Exchange has increased confidence in the country’s demand. In reference to platinum, Wu stated that “low elasticity in recycling, limited reinvestment at the mine level, and persistent production constraints are making future supply risks harder to ignore.” It is more likely a re-rating than a brief increase.

South Africa, which produces between 70% and 80% of the world’s platinum, experienced mining disruptions that have reduced output.

According to the World Platinum Investment Council (WPIC), there will be a deficit of hundreds of thousands of ounces in 2025—the third year in a row. purchasing safe havens in the face of geopolitical unpredictability, hedging against inflation, and moving away from expensive gold.

 

Bullion Steady at Multi-Month Peaks: Gold Eyes $4,500/Oz Milestone

Posted on by Olumide Adesina

Gold remained stable near a record high as investors monitored the escalating tensions in Venezuela and awaited US inflation data.

Bullion was trading close to $4,330 per ounce  after increasing by 0.8 percent on Wednesday, . It is about $50 away from its October all-time high. The Federal Reserve’s appetite for additional interest rate cuts will be closely monitored in the inflation data that is due on Thursday.

Precious metals, which don’t pay interest, benefited greatly from the Fed’s third consecutive rate cut last week. However, the Fed has been unclear about the rate of monetary easing going into next year. There is about a 25% chance of a reduction in January, according to traders. Additionally, rising inflation reduces bond returns, which benefits gold.

Precious metals have become more appealing due to heightened tensions, and this week’s events in Venezuela—where Trump has ordered a blockade of all sanctioned oil tankers—have helped them. Brazil and Mexico have offered to mediate as pressure mounts on Nicolás Maduro’s government due to an increased US military presence in the area.

According to Dilin Wu, a research strategist at Pepperstone Group Ltd., “the direction of real yields has become more supportive.”. Precious metals are reclaiming their function as portfolio stabilizers when combined with persistent geopolitical unpredictability and reduced year-end liquidity. Gold has risen to almost second place.

 

South Africa January Fuel Projection: Diesel Down by R1, Petrol Prices Poised to Ease Too After December Hike

Posted on by Skerdian Meta

Drivers in South Africa may finally see some respite following a sharp series of fuel price increases in December, as early signs suggest a January price down.
Continue reading “South Africa January Fuel Projection: Diesel Down by R1, Petrol Prices Poised to Ease Too After December Hike” →

Gold Nears Seven-Week High, Eyes Bold $4K/Oz Breakthrough

Posted on by Olumide Adesina

The bullion asset rose to seven-week highs above $4,320  per ounce. The precious metal rallied on the possibility that the US Federal Reserve (Fed) will lower interest rates next year. Lower interest rates could support the non-yielding precious metal by taming gold’s opportunity cost

Safe-Haven Demand Drives Gold’s Five-Day Winning Streak

Furthermore, the risk-averse bias and uncertainty may increase safe-haven flows, which would raise the price of the yellow metal. However, last week’s hawkish comments from Fed officials may help the US dollar.
Traders will take more cues from the speeches by Fed Governor Stephen Miran and New York Fed President John Williams later on Monday.
Gold is trading in positive territory today. As long as the price stays above the crucial 100-day Exponential Moving Average, the precious metal’s positive outlook will continue.

Additionally, the 14-day Relative Strength Index (RSI), which is above the midline at 68.75, supports the upward momentum. This illustrates the yellow metal’s bullish momentum. Silver has more than doubled, and the yellow metal has increased by more than 60 percent this year, both on track for their best yearly results since 1979.

Gold went bullish after conflicting statements from Federal Reserve officials led metal traders to reduce bets on additional monetary easing in the world’s largest economy next year. Global risk appetite has decreased due to skepticism that tech stocks, which have propelled global benchmarks to all-time highs, can sustain their high valuations and aggressive AI spending.

The first upside barrier to watch is the $4,345–$4,355 range, which is both the high of December 12 and the upper limit of the Bollinger Band. XAU/USD could return to its all-time high of $4,381 if there is sustained upward momentum. The next resistance level is situated at the $4,400 psychological mark

Bullion Rally: Gold Hits Near Seven-Week Peak, Targets $4K/Oz

Posted on by Olumide Adesina

The bullion asset rose to seven-week highs above $4,320  per ounce. The precious metal rallied on the possibility that the US Federal Reserve (Fed) will lower interest rates next year. Lower interest rates could support the non-yielding precious metal by taming gold’s opportunity cost

Safe-Haven Demand Drives Gold’s Five-Day Winning Streak

Furthermore, the risk-averse bias and uncertainty may increase safe-haven flows, which would raise the price of the yellow metal. However, last week’s hawkish comments from Fed officials may help the US dollar.
Traders will take more cues from the speeches by Fed Governor Stephen Miran and New York Fed President John Williams later on Monday.
Gold is trading in positive territory today. As long as the price stays above the crucial 100-day Exponential Moving Average, the precious metal’s positive outlook will continue.

Additionally, the 14-day Relative Strength Index (RSI), which is above the midline at 68.75, supports the upward momentum. This illustrates the yellow metal’s bullish momentum. Silver has more than doubled, and the yellow metal has increased by more than 60 percent this year, both on track for their best yearly results since 1979.

Gold went bullish after conflicting statements from Federal Reserve officials led metal traders to reduce bets on additional monetary easing in the world’s largest economy next year. Global risk appetite has decreased due to skepticism that tech stocks, which have propelled global benchmarks to all-time highs, can sustain their high valuations and aggressive AI spending.

The first upside barrier to watch is the $4,345–$4,355 range, which is both the high of December 12 and the upper limit of the Bollinger Band. XAU/USD could return to its all-time high of $4,381 if there is sustained upward momentum. The next resistance level is situated at the $4,400 psychological mark

Copper Claws Back Gains With Base Metals After Friday’s 3% Tumble

Posted on by Olumide Adesina

Copper regained some of Friday’s steep decline as investors shifted their focus to the outlook for a tighter market in 2026.

The industrial metal increased by up to 1.5% on the London Metal Exchange after dropping 3% the previous session, as a selloff in shares related to artificial intelligence raised concerns about demand for the metal used in electrical wiring and renewable energy equipment.

This year, copper has surged 30% following mine disruptions that reduced supply and as traders send large volumes to the US in anticipation of potential import tariffs. Additionally, a wave of investment in green energy and power infrastructure has fueled optimism about long-term demand.

However, Friday’s drop highlights how the metal’s fortunes are now partly connected to the US tech boom and are susceptible to any decline in enthusiasm for artificial intelligence and tech valuations.

Copper increased 1.2% to $11,656.50 a ton on the LME as of 12:42 p.m. in Shanghai, after reaching a record high near $12,000 a ton on Friday before pulling back due to Wall Street’s tech selloff. Zinc rose 1.1% on Monday, and aluminium was up 0.4%.