Section
The latest commodities coverage from the TrustFinance editorial desk.
Bank of America's technical strategists are warning that gold's current correction could deepen significantly, drawing parallels to the major market tops of 1980 and 2011 and outlining potential downside targets as low as $3,250.
Wheat prices are trading near a two-year peak as escalating military attacks in the Black Sea region disrupt critical shipping routes, overshadowing weaker-than-expected U.S. export sales data.
The United States has exempted Brazilian instant coffee from a 25% import tariff, a move that protects up to $2.5 billion in annual exports for Brazil's coffee industry, according to the exporters' group Cecafe.
The exemption removes a significant trade barrier that had caused Brazilian exports to the U.S. to fall by nearly 30% last year, protecting up to $2.5 billion in annual trade.
Taiwan Semiconductor Manufacturing Co. reported a forecast-beating 77% jump in quarterly profit, but the news failed to lift a jittery semiconductor sector grappling with high valuations and mixed economic signals.
European natural gas benchmarks are trading near their highest levels in almost four months as escalating military conflict in the Middle East raises concerns over potential disruptions to global LNG shipments.
UBS analysts maintain a favorable outlook on copper, forecasting a significant market deficit of 520,000 metric tons in 2026 that they believe will support prices despite near-term volatility and inventory shifts.
Syrian authorities have reportedly foiled an attempt to smuggle advanced weapons and missiles from Iraq, with state media claiming the shipment was intended for the Hezbollah militia in Lebanon. The event underscores the persistent security challenges and complex geopolitical dynamics in the Middle East.
Vessel traffic through the critical Strait of Hormuz nearly halved on Wednesday, according to Kpler shipping data, as escalating military strikes between the U.S. and Iran disrupt a key global energy chokepoint.
