Commodities news

A look into how gold, the Nasdaq 100 and GBPUSD are trading during a busy week of ok key earnings reports and central bank meetings.

Gold prices have plunged nearly 10% from record highs, with progress in US-China trade talks weighing on the yellow metal.

Markets brace themselves for a busy week ahead with key focus on trade talks, the FOMC meeting and key earnings including MAG7 companies

Oil prices jump higher this week as the US threatens direct sanctions on Russian producers but the supply outlook remains overcrowded

Consumer inflation remained unchanged at 3.8% in September despite forecasts of a rise, leading markets to price in higher odds of rate cuts from the BoE

Precious metals are facing a heavy selloff on Tuesday as Trump confirms that he will meet with Xi Jinping later this month, calming some of the nerves around trade tensions

Markets continue to weigh the possibility of further escalation in the US/China trade dispute but optimism continues as earnings remain strong

Australian labour force data showed a jump in the country's unemployment rate, bringing forward the expected timing of the next RBA cut and pushing the ASX200 to record highs.

Palladium has been profiting from easier macro conditions and fundamental drivers in the auto sector but the metal remains far away from its 2022 highs

Renewed tensions between China and the US weigh on market sentiment, with gold and silver receiving another boost