Copper prices rose as key indicators pointed to a resurgence in physical demand from China, the world's top consumer. The gains came despite headwinds from a stronger U.S. dollar following a Federal Reserve interest rate hike.
The U.S. Development Finance Corp has approved up to $414 million in debt financing for Global Atomic's Dasa uranium project in Niger, a significant move to secure a strategic resource and rebuild ties with the West African nation's military government.
UBS analysts expect short-term pressure on gold prices following the Federal Reserve's latest rate hike, but maintain a constructive 12-month view supported by central bank demand and an expected weakening of the U.S. dollar.
A combination of oil prices above $100 a barrel, multi-year high bond yields, and persistent inflation is fueling investor concern over a period of stagflation—high inflation coupled with slow economic growth.
The U.S. Federal Reserve raised its benchmark interest rate by a quarter-point to a 3.75%-4.00% range, its first increase in three years, signaling a more aggressive stance against persistent inflation.
A new report from Goldman Sachs identifies a higher price floor for iron ore at $90-$95 per tonne, arguing that a more than 20% rise in marginal production costs over two years will support prices.
European natural gas prices declined for a third consecutive session, hitting their lowest point in over a week after the resolution of a labor strike in France eased near-term supply constraints from a key LNG terminal.
President Trump expressed optimism about ending the conflict with Iran, a sentiment that contrasts with escalating military exchanges between Saudi Arabia and Houthi forces that are creating volatility in global energy prices.
Crude oil benchmarks fell slightly as reports of Saudi Arabia rerouting shipments and U.S.-Houthi dialogue offset a hawkish Federal Reserve and lingering regional tensions.
