The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row

The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.

wallstreetcnMay 22 19:15 ET

Can I still buy money now? UBS conducted in-depth research on China's gold market

UBS pointed out that the Chinese market sentiment tends to buy when the price of gold recovers. As a result, future investors may be more likely to react flexibly to the price and be willing to buy at a decline of around $2,250 per ounce.

wallstreetcnMay 20 07:49 ET

Gold Soars Against The Odds: Eastern Buying Spree Or 1970s Redux? Billionaire Investor David Einhorn Thinks There's A 'Secular Trend'

Gold has been on a remarkable rise in 2024, reaching record highs. The surge is attributed to a combination of factors, including the de-dollarization trend, central bank buying, and increased demand

BenzingaApr 28 22:45 ET

Has gold reached its peak? UBS: Any pullback is an opportunity to increase gold holdings

Although the market expects the price of gold to enter a consolidation period, UBS believes that any price correction is an opportunity for investors to increase their gold holdings, and the continued existence of geopolitical risks may provide support for the gold market in the long term.

wallstreetcnApr 22 20:49 ET

Learn Citadel, Commodities “Arms Race”: AI and Big Data

Russell Hardy, CEO of Vitol, said that trading companies mainly use AI in two ways: one is to improve business efficiency, and the other is to gain trading advantages through stronger analytical capabilities.

wallstreetcnApr 21 21:25 ET

After keeping an eye on the Middle East for a week, oil prices finally “fluctuated” and returned to a “waiting mode”

Although oil prices have never surpassed the high before Iran attacked Israel last weekend, the volume of bullish Brent crude oil options soared to a record high. Brent crude oil futures fluctuated the most in a few months, leaving traders in almost the same situation as a week ago during the weekend, waiting for the next steps of Israel and Iran.

wallstreetcnApr 21 19:05 ET