Uranium (UXV24) Still Has a Lot of Mid- to Long Term Upside Potential
The spot price for uranium oxide in July closed at $84.75 per lb. with longer-term contracts settling at $80.50.
October 28, 2024
436
Commodities
Cocoa prices rose sharply on Thursday and Friday, November 14–15, hitting a 7-week high in New York and a 4-month high in London.
November 15, 2024
671
436
Gold and Silver Finely Tracking Each Other, Remain Boosted by Numerous Growing Political Risks, Central Banks’ Buying and a More Dovish Monetary Environment
Gold (XAUUSD), after a short break, rose for a fifth straight day today, on Monday October 21, to a record high, while silver (XAGUSD) hit a nearly 12-year high, amid uncertainty over the U.S. election, ongoing tensions in the Middle East and expectations of rate cuts from Fed and other key central banks.
October 21, 2024
617
Most Grains, Including Corn, are Offering Decent Fundamentals, but the Biggest Driver is Still USD’s Moderation
Most grains look moderately advancing, but there is no apparent reason to be extra bullish since even though most fundamentals remain in favor of slight deficits, the main reason of prices’ uptrend is the value of the U.S. dollar.
October 11, 2024
1124
Oil Price Spike on Escalation of Iranian-Israeli Conflict is Probably Only Good to Cover Oil Longs, as Crude Fundamentals Weigh
Earlier today, Wednesday, October 2, the world’s oil prices soared more than 3% as Israel and the U.S. vowed retribution for Iran's largest direct attack on its regional adversary.
October 3, 2024
1198
Global Grain Price Recoveries Appears Excessively Bullish vis-à-vis Inventories and Weather Factors
Chicago soft red winter wheat (CBOT: QMW) is surging to a 2-month high as a decline in U.S. winter wheat conditions renewed focus on weather risks to Northern Hemisphere crops.
April 24, 2024
640
Gold Shining Again: Fed’s Bostic Now Anticipates Just One Rate Cut This Year
Expectations that the U.S. Federal Reserve may begin interest rate cuts as early as June, along with a declining value of USD, drove an increase in gold prices today, on Monday, March 25.
March 25, 2024
1200
Copper Staging Another Rally. USB: “This is Just the Beginning”
Copper futures rebounded from an 11-month high on Wednesday, March 20, pressured by worries about demand from top metal consumer China and a stronger USD ahead of tonight's Federal Reserve policy meeting.
March 20, 2024
1188
Chicago Soybeans: a Final Glimpse of Hope?
Since November, there has been a continuous decrease in soybean trade volumes — in line with overall waning sentiment towards the entire grains and beans segment — with reaching the bottom occurring last week.
March 13, 2024
1179
2023-24 Silver Underperformance to Other Key Precious Metals Provides Clue about Its Potential Upside
Silver prices fell back from a 2-month high and closed slightly lower after weaker-than-expected U.S. economic reports on Jan. factory orders and Jan ISM services were generally bearish for industrial metals demand.
March 6, 2024
1179
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