On Wednesday, after struggling hard at the key resistance at $4,444 for the last nine hours, gold futures are heading towards a key resistance at the 200 EMA ($4,468.22) on a 1-Hr. chart, raising scepticism over this 09:00 a.m. move, as Benchmark Brent crude rose above $100 a barrel on Wednesday to its highest level since July 24 after a fresh wave of Iran-backed …
Continue ReadingThe great electrification story was always sold as an escape from dependency. Burn less imported oil and gas, electrify more of the economy, build batteries, renewables, data centres and increasingly autonomous industrial systems, and energy security supposedly improves. The catch is that one dependency can simply be exchanged for another. Barclays’ Christian Keller argues that this is exactly where the …
Continue ReadingTHE platinum market is expected to swing back into deficit in the second half of 2026 as heavy exchange-traded fund (ETF) selling eases, after investment outflows helped drive a first-half surplus. Platinum recorded a 244,000 ounce surplus in the second quarter of this year, taking the first-half surplus to 548,000 oz, said the World Platinum Investment Council’s (WPIC’s) latest Platinum Quarterly report. However, …
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