Metals

The metal is trading in a relatively narrow range

Traders now see about a 55% chance of a rate increase in September

Cheaper power and easier access to raw materials can benefit low-cost producers in China, India, Indonesia

A stronger US dollar makes commodities priced in the US currency more expensive for most buyers

The precious metal often falls during big cross-market sell-offs as it functions as a source of liquidity

The US dollar has gained more than 1% since the central bank’s last meeting, a further drag on bullion that’s priced in the US currency

The company plans to expand its tungsten oxide production capacity to more than 8,000 tonnes to meet rising demand

The first round of talks between high-ranking US and Iranian officials in Switzerland ended on Monday

Smelters in Indonesia have also been instrumental in keeping the global market in check