Gold, silver and miners surged Wednesday after the US Treasury unexpectedly said it would at least double purchases of long-dated government debt, pushing down yields and the dollar and giving precious metals a sharp lift. Spot gold traded around $4,484 an oz. as of 10:25 a.m. ET, up 3.46% from Tuesday’s close, while silver gained 3.33% to about $65.44 an …
Continue ReadingPlatinum (XPT) declined 3.10% as short-term bullish technical signals were undercut by sellers, even as industry demand and a constructive reward-to-risk profile were noted by trading desks. The move contradicts recent momentum, with Platinum holding above its 20- and 50-day moving averages but struggling to break key resistance levels. Buy-the-dip flows emerge amid persistent selling pressure On August 18, 2026, …
Continue ReadingCopper’s physical market is showing signs of an increasingly severe supply squeeze even as mining equities remain cautious, according to RBC Capital Markets. Spot copper advanced 4.3% to US$6.73/lb over the week while copper equities fell 2.6%, widening the disconnect between the commodity and producers. RBC said the LME spot-to-3-month futures spread reached US$0.30/lb, the steepest premium since the 2021 …
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