Commodities news

Technical overview remains bullish in both daily and weekly time frames, and trader bias remains heavy to extreme buy.

US equities continue their move higher as PCE shows prices were stable in August, focus now shifts to the NFP data on Friday

Steel is trading at $797 per short tonne as of 11:35 UTC on 16 September 2025 (Trading Economics, 16 September 2025).

The PCE data will test the Fed's ability to cut rates further.

Spot gold is holding just off record highs this morning around $3,770 after printing an all-time peak near $3,791 on Tuesday. The immediate driver set is intact: more Fed cuts priced, softer growth pulse, and geopolitical hedging, with Friday’s US PCE the next directional catalyst.

US crude prices face renewed downside pressure as Iraq and Kurdistan plan to restart supplying oil

Markets await the US PCE data on Friday as they digest the latest forecasts delivered by the Federal Reserve last week

Nickel is trading near $15,403 at 16:25 UTC on 15 September 2025, within an intraday range of $15,295-$15,472.

The US Federal Reserve cuts by 25 basis points and implies there may be further cuts to come

The precious metal has been attracting buyers as the Federal Reserve is expected to cut rates on Wednesday, but a dovish disappointment could see the momentum fade