Commodities market comment
Today’s market analysis on behalf of Ahmad Assiri Research Strategist at Pepperstone
Gold
Amidst the shifting sands of global trades, gold continues to shine as a pivotal hedge against the turbulence wrought by tariff policies and trade war. With the rollout of tariffs on imports from Canada and Mexico, coupled with ramped-up duties on China, there has been a noticeable surge in gold buying. This...
Gold Ends -Eigh Wteek Winning Streak, Hits New Low Near $2,833/Oz
Written by Linh Tran, Market Analyst at XS.com
Gold ended last week down near $2,858 per ounce as economic data indicated a complex inflation situation and the strength of the U.S. dollar was reinforced by market expectations that the Fed would maintain its hawkish stance.
Last Friday, gold officially ended an eight-week winning streak. On the same...
Asia to spearhead global refinery coking capacity additions by 2025
Asia is expected to register the highest refinery coking capacity additions globally during 2021 to...
India to dominate global ammonia capacity additions by 2025
The global ammonia industry is poised to register a total growth of 23% from 230.88 million...
Strong recovery expected for Spanish construction industry in 2021 with 7.4% expansion
Following the release of data from the Spanish National Statistics Institute (INE) showing...