Gold is starting Wednesday with one eye on the barrel and the other on the Fed. Bullion was holding around $4,360/toz after another restless session on Tuesday, when prices swung in yo-yo fashion before finishing modestly higher. The immediate trigger remains the same one running through the broader macro complex this week: whether the first signs of diplomatic traction between …
Continue ReadingCopper climbed for a sixth straight session on Tuesday, its longest winning streak in four months, as Chinese buyers stocked up ahead of next week’s holidays and shrinking inventories in Shanghai and London pointed to a physical market that is running short of metal. Comex copper for December delivery, the most active contract, rose as much as 1.6% to $6.8710 …
Continue ReadingIndonesia is learning that building a dominant position in the nickel market is the easy part. Leveraging its influence over supply to control prices is proving much trickier. The Southeast Asian country now accounts for over 60% of global output of a metal used by both stainless steel makers and electric vehicle (EV) battery manufacturers. Indonesia‘s dramatic rise as a …
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