Gold opened Friday at $4,661.33 per ounce, marking a 3.5% weekly retracement following a period of intense price discovery and sharp volatility. While the yellow metal has displayed remarkable resilience, the path to the psychological milestone of $10,000 remains a steep climb, requiring a further 114.5% gain from current levels. Before we get to the point of Gold reaching $10,000 …
Continue ReadingThe European Union and United States signed an agreement Friday to co-ordinate on the supply of critical minerals needed for key industries including defence, as China’s dominance becomes a growing concern. The pact marks a rare embrace by U.S. President Donald Trump’s administration of the role of the EU, which it often berates as it instead champions right-wing populists within …
Continue ReadingAluminium plays a crucial role in the transport, construction and packaging sectors. The global aluminium market is facing an unexpected supply disruption due to the conflict in the Middle East, potentially leading to significant shortages this year, according to Mercuria’s lead metals analyst, reported Reuters. The Middle East contributes approximately seven million tonnes (mt) of aluminium annually, representing around 9% …
Continue Reading