Gold and silver both edged lower last week, with gold closing around $4,614 and silver near $75, a modest pullback in what remains a broader uptrend. The gold-to-silver ratio is tightening around 61, signaling a market that’s coiling and potentially setting up for a bigger directional move. One of the biggest drivers right now: central banks. They’ve shifted decisively back to gold …
Continue ReadingA new Indonesian price policy has combined with supply chain issues caused by the Middle East crisis to reignite concerns that rising nickel costs will be a key driver of increased stainless steel prices. Three months ago, nickel prices spiked, peaking at USD18,725 per tonne on January 29. The LME spot daily cash price soared from a low of USD14,110 per …
Continue ReadingThe prime ministers of Japan and Australia agreed to deepen cooperation in a wide range of areas including energy security, defense and critical minerals as the Iran war threatens global supply chains. Japanese Prime Minister Sanae Takaichi met her Australian counterpart Anthony Albanese at Australia’s Parliament House on Monday during Takaichi’s first visit to the country as national leader. Takaichi …
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