Weakening US dollar supports commodities and gold
With inflation concerns persisting and the dollar weakening, commodities and precious metals are attracting safe-haven flows. Gold has hit extreme pessimism levels suggesting a contrarian rally setup, while energy and raw materials benefit from both supply fears and currency headwinds.
R- BloombergIndia’s Gold Demand Slows to a Trickle on Tighter Trade Rules
India’s gold imports are slowing to a trickle as banks and bullion traders grapple with new restrictions aimed at shoring up a weak rupee battered by the Middle East war.
37m ago - BloombergChina’s Biggest Courier Is Set to Open Gold Vault in Hong Kong
SF Holding Co., China’s biggest express-delivery firm, is set to open a gold vault in Hong Kong to tap demand for storage as the city pushes forward with plans to become a precious-metals hub.
2h ago - BloombergCopper Extends Retreat on Faster Inflation and Stronger Dollar
Copper extended its retreat from a record-high close as accelerating US inflation reduced the chance of rate cuts and a stronger dollar make the metal more expensive for many buyers.
7h ago - BloombergGold Heads for Weekly Drop as Inflation Fuels Rate-Hike Bets
Gold headed for a weekly decline as a war-driven surge in US inflation fuels expectations for higher interest rates.
11h ago - BloombergGold Fluctuates as Market Weighs Federal Reserve Rate Path
Bloomberg's James Attwood joins Vonnie Quinn on "Bloomberg Markets." Gold swung between gains and losses as investors weighed the Federal Reserve’s interest-rate path after US data this week showed a war-driven surge in inflation. (Source: Bloomberg)
16h ago - Yahoo FinanceThis Copper ETF Returned 156% in a Year and Pays 9.7% While You Wait for the 4x Case to Play Out.18h ago
- Yahoo FinanceMine restarts support West Africa’s gold recovery in 202618h ago
- BloombergIndia Takes More Measures to Curb Gold Imports
India has further tightened rules for importing gold into the country, as Prime Minister Narendra Modi steps up efforts to defend the rupee amid the Middle East war.
19h ago
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Tracking the commodity-currency correlations — AUD/USD vs iron ore, USD/CAD vs WTI, NZD vs dairy — and the cross-asset trades they unlock.