Commodities news

Volatility has spiked off the back of the re-inflammation in US and China trade tensions, although the markets have bounced back to kick-off the new trading week.

Traders react with cautious optimism to the news of a ceasefire between Hamas and Israel as the US government shutdown continues to cloud the outlook for rates

Several powerful tailwinds have pushed gold prices to the highest level in history.

Silver outshines gold as lower real yields, AI and solar demand, and tight supply drive gains. Watch $46 support and $48.70 resistance as momentum stays firm

US data delay leaves markets focused on FOMC speakers and news headline with Japan in focus after their leadership change

The US Government heads for another shutdown, potentially delaying economic data and leading to permanent lay-offs.

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.