Gold and silver continue to trade on the defensive, pressured by a stronger dollar, technical selling, and further signs that investors are heading for the exit or reducing exposure. On a total return basis, gold is now down 8.4% year-to-date, although still up 18.5% over the past 12 months.
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Oil prices have continued to retreat, with Brent crude falling below USD 76 per barrel to trade only around 7.5% above the USD 70 ceiling that capped prices before the Strait of Hormuz disruption. The move lower may appear counterintuitive given that the world has just experienced the largest oil supply disruption on record, resulting […]
Industrial and precious metals remain on the defensive as financial markets continue to adjust to the prospect of higher funding costs and a more restrictive US monetary policy outlook. The latest wave of selling has been amplified by a sharp correction across technology stocks, with today’s 10% tumble in the tech-heavy KOSPI index and the […]
After several years dominated by geopolitical disruptions, trade tensions and shifting monetary policy expectations, weather is once again emerging as a key market driver. NOAA’s confirmation that El Niño has developed in the tropical Pacific raises the risk of renewed weather-related volatility across commodity markets over the next 6 to 18 months. El Niño, the […]
Crude oil prices have continued to retreat as markets increasingly price in a peaceful resolution to the Middle East crisis and a gradual reopening of the Strait of Hormuz. Following President Trump’s announcement of an interim agreement and reports that a formal signing could take place later this week, several banks including Morgan Stanley and […]
Investors are widely expecting the US Federal Reserve to leave interest rates unchanged at its upcoming Federal Open Market Committee (FOMC) meeting. However, market participants will be paying closer attention to the central bank’s guidance, updated economic projections, and signals from incoming Chair Kevin Warsh as they assess the direction of monetary policy for
SpaceX has finally done what rockets are meant to do: it has lifted off. But the more interesting question for investors is not only what this means for SpaceX. It is what it means for Tesla. On 12 June 2026, SpaceX made its public market debut after pricing its initial public offering at 135 USD […]
The European Central Bank recently adjusted its monetary policy in response to escalating global tensions and the resulting impact on energy costs. Previously, officials had hoped that diplomatic negotiations abroad would stabilize fuel markets, allowing them to maintain their previous approach. However, with the ongoing conflict continuing to elevate expenses for both
Inflation is the market’s monthly reality check. It arrives with one number, causes many opinions, and usually leaves investors with more questions than comfort. Efficient, if not exactly charming. The United States Consumer Price Index (CPI), a broad measure of consumer prices, is due on 10 June 2026. Economists expect May inflation to rise again, […]
Gold’s correction deepened over the past week after stronger-than-expected US jobs data and renewed inflation concerns combined to push bullion below its 200-day moving average for the first time since October 2023. The move marks an important technical setback for a market that has spent much of the past four years in a powerful uptrend, […]
Latest on gold following Friday’s slump Gold has been trending lower since mid-April amid an energy-driven inflation scare. Following Friday’s stronger-than-expected US jobs report and a broader deterioration in risk sentiment that also weighed on equities, bullion closed below its 200-day moving average for the first time since October 2023. For now, a
Copper has extended its rally in 2026, trading around 14% higher year-to-date and roughly one-third above levels seen a year ago. While the magnitude of the move has raised concerns about demand destruction and speculative excess, the underlying story continues to strengthen. Mine supply is struggling to keep pace with demand, smelters are fighting over […]
Good earnings used to be the easy part. A company beat estimates, lifted guidance, smiled politely, and the share price usually did the rest. Not this week. Broadcom, Palo Alto Networks and CrowdStrike all reported strong results around 2 and 3 June 2026. Each sits close to one of the market’s biggest themes: artificial intelligence […]
Artificial intelligence started as a product story. Better chatbots. Better coding tools. Better image generators. A neat party trick, until the party started asking for data centres, chips, electricity and financing. That is the shift investors now need to understand. The artificial intelligence (AI) race is moving from “what can the product do?” to “who […]
Since hitting a record peak near USD 5,600 in late January, gold has endured a challenging period, with prices falling for a third consecutive month in May, albeit by less than 2%, as the Middle East conflict shifted investor attention towards its broader implications for global energy markets, inflation, the dollar and interest rates. Despite […]
Commodities In the latest COT reporting week to 26 May, growing confidence in a potential US-Iran peace deal helped drive the Bloomberg Commodity Index 4% lower, with only six of the 25 major commodity futures tracked in this report posting gains. At the sector level, energy slumped more than 9%, while agriculture fell 3.5%, […]
Macro headlines Hopes for a diplomatic resolution to the Iran conflict supported markets, with Tehran saying the latest proposal from Washington had helped narrow differences between the two sides. However, major hurdles remain, with the US demanding that Iran hand over its enriched uranium stockpile and commit to ending uranium enrichment, terms Iranian leaders have […]
Nvidia did not just report earnings on 20 May 2026. It handed investors another progress report on the artificial intelligence buildout. The numbers were strong. Nvidia reported first-quarter revenue of 81.6 billion USD, up 85% from a year earlier. Data centre revenue, the core of the artificial intelligence story, reached 75.2 billion USD, up […]
Space used to be easy to file under “science fiction, rockets and very expensive smoke.” That is changing. The space economy is becoming part of everyday infrastructure, from internet connections and weather data to defence, farming, shipping and navigation. This matters now because the sector is no longer just about who can launch the most […]
Gold continues its week-long consolidation phase after a historic rally that carried bullion to a January peak near USD 5,595 before correcting sharply to a March low near USD 4,100. At around USD 4,550, bullion still trades up roughly 5% year-to-date and 40% over the past year, but it remains near the lower end of […]


















