Category: Macroeconomics

November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show

November Rally: Multiple Precious Metal Prices Soared, But Silver Stole the Show Silver Ingots

This month, both stock indices and precious metal prices saw consistent gains week over week as conflict continues to unfold in the Middle East and Europe. With prices for Yields falling a little over 3%, reaching their lowest levels in two months, price action for stock indices recently drove markets above 7% in response to […]

Copper MMI: Is The “Supercycle” Narrative For Copper Prices Falling Apart?

Copper MMI: Is The “Supercycle” Narrative For Copper Prices Falling Apart?

Although they appear on the rebound from last month’s lows, copper prices have yet to break out of their long-term sideways range. Nonetheless, following an almost 2% overall decline throughout October, prices have now retraced to their highest levels since September. For the second consecutive month, all prices within the index edged lower. That said, […]

Precious Metal Prices: Gold, Silver Remain Safe Haven Assets Amid Global Uncertainty

Precious Metal Prices: Gold, Silver Remain Safe Haven Assets Amid Global Uncertainty precious metals prices

This week, precious metals once again served as safe-haven assets for investors and market participants. That said, some precious metal prices, including platinum, continued to slide due to bearish pressure followed by falling demand. While the world continues to monitor the conflict in the Middle East, metals such as gold and silver have seen an […]

Global Precious Metals MMI: Precious Metal Prices Rise Amid Hamas/Israel War

Global Precious Metals MMI: Precious Metal Prices Rise Amid Hamas/Israel War Gold and the US Dollar Index.

Last month, the Global Precious Metals MMI (Monthly MetalMiner Index) finally broke its sideways trend, dropping 3.15%. However, after the Hamas attack on Israel, both gold and silver prices reacted strongly with dramatic increases. Furthermore, surge affected both spot precious metal prices and 3-month futures. This proved a result of investors running to these two […]

Investors Seek Safe Haven Assets Amidst Geopolitical Conflict

Investors Seek Safe Haven Assets Amidst Geopolitical Conflict

Precious metals like gold and silver are often seen as a safe haven asset during times of economic uncertainty. In recent weeks, we have witnessed a significant increase in the number of global conflicts, imposing high uncertainty and risk among markets for investors. Still, the jury is still out on how this will affect precious […]

India’s Steel Industry Braces Itself: Coking Coal Crisis Sparks Controversial Price Hikes

India’s Steel Industry Braces Itself: Coking Coal Crisis Sparks Controversial Price Hikes

India has almost replaced China as the most important coking coal export destination for the near future. This comes after a significant increase in steel demand in the subcontinent. The expected resurgence in China’s economy, mainly due to the government’s efforts to kick-start sectors like construction, has not materialized. In response, sector experts are beginning to […]

Stainless MMI: Stainless Mills Scramble for Orders as Nickel Prices Hit 2-year Low

Stainless MMI: Stainless Mills Scramble for Orders as Nickel Prices Hit 2-year Low

Nickel prices remained decidedly bearish throughout October, experiencing the largest monthly decline amongst base metals. Indeed, prices fell over 7% to their lowest level since October 2021.  Overall, the Stainless Monthly Metals Index (MMI) continued to decline, dropping 5.74% from September to October. Crush the competition by getting access to weekly exclusive nickel market intel. Opt into MetalMiner’s free […]

Raw Steels MMI: Will Cliffs’ Price Hike Shift Steel Prices?

Raw Steels MMI: Will Cliffs’ Price Hike Shift Steel Prices? Cleveland cliffs

The Raw Steels Monthly Metals Index (MMI) rose 3.45% from August to September. Flat rolled steel prices remained bearish throughout September. Meanwhile, hot rolled coil prices continued to show the largest decline, falling to their lowest levels since December 2022. By the end of September, prices sat only 4% above their last major low. Meanwhile, […]

Rare Earths MMI: Burmese Mining Suspension Causes Prices for Rare Earth to Shoot Up

Rare Earths MMI: Burmese Mining Suspension Causes Prices for Rare Earth to Shoot Up rare earth mining for rare earth magnets

The Rare Earths MMI (Monthly Metals Index) witnessed yet another steep increase month-over-month. Indeed, supply disruptions remain a massive concern in the rare earths industry, so rare earth magnets and other materials witnessed renewed bullish strength across the board over recent months. In August, market worries arose prior to a planned environmental inspection of China’s […]

Precious Metal Prices Losing Steam After Fed Announces Intent to Keep Interest Rates Elevated

Precious Metal Prices Losing Steam After Fed Announces Intent to Keep Interest Rates Elevated oil and precious metal prices. Market outlook

In recent weeks, leading up to the end of the month, indices like the S&P500 and metals like silver and gold began to run out of steam. The impetus for the decline in stock and precious metal prices was recent Fed comments regarding higher interest rates in the foreseeable future. Meanwhile, other indexes such as […]

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