Aluminium prices are on track for a fourth consecutive weekly decline as supply from the Middle East returns to the market, easing fears of shortages and reversing the surge that followed earlier disruptions. The retreat highlights how quickly sentiment in industrial metals can shift when geopolitical risks begin to fade. At the time of writing,
Russia is leveraging Asia’s oil shock to deepen ties with Indonesia, offering a massive supply deal and potential infrastructure investment as Jakarta struggles with crude and gasoline deficits, OilPrice.com reported. The arrangement could reshape Southeast Asia’s energy map and test the limits of US sanctions policy. Russia seizes opportunity from Middle East turmoil According to
Gold’s break below $4,000 has turned a crowded safe-haven trade into a test of patience. The metal is still sitting on a year of large gains and geopolitical risk has not disappeared, but Thursday’s price action showed that investors are again treating interest rates as the dominant force. A firm dollar, rising expectations of Federal
Silver is finding out that cheaper oil is not enough to calm a market worried about the Federal Reserve. The metal fell for a third straight session on Thursday, trading around $56.90 an ounce in Asian hours, as investors cut exposure to non-yielding assets before a key US inflation report. The move came even as
ING Economics has reset its gold price forecasts after a sharp correction, acknowledging that higher yields, a stronger US dollar, and weaker investor demand have eroded the bullish momentum that carried the metal earlier this year. Commodities strategist Ewa Manthey said the downgrade reflects near‑term headwinds but stressed that long‑term structural drivers remain intact. Forecasts
Oil prices fell back to levels last seen before the Iran war on Thursday, as traders bet that the worst of the Strait of Hormuz disruption may finally be easing. Brent crude slipped below $73 a barrel, while US West Texas Intermediate traded around $69. Both benchmarks hit their lowest levels since February 27, the
Gold’s latest retreat is less about fading fear and more about a market that has changed the question. The metal is still drawing support from an uncertain US-Iran peace process, but that has not been enough to offset a stronger dollar and a sharp repricing of Federal Reserve policy risk. Spot gold fell 1% to
Oil’s war premium is being drained by diplomacy, but not by certainty. Crude prices stayed under pressure on Wednesday as more tankers began moving through the Strait of Hormuz and traders recalibrated the risk of a prolonged Gulf supply shock. West Texas Intermediate traded near $72.50 a barrel in Asian hours after touching $71.94, its
Freight markets in the Gulf have entered a phase of extreme volatility after Bloomberg reported that one oil tanker was booked at nearly nine times the benchmark rate, a deal that stunned traders and underscored the severity of the shipping crunch. The charter, struck at 897% of the Worldscale benchmark, reflects how geopolitical uncertainty and
Precious metals came under pressure in Asian trade on Wednesday as a stronger US dollar and rising expectations of higher US interest rates pushed investors away from bullion and other non-yielding assets. Silver led the decline, falling to a fresh low not seen in more than six months, while gold also extended its losses. Platinum