Metals

London metals index at record high on aluminium ‘black hole’ fear

The metal has risen about 15% since the start of the Iran war

Gold has still lost about 9% since the start of the conflict in late February.

Gold heads for fourth weekly gain on optimism for US-Iran truce

Disruption to energy supplies is also likely to last beyond the war

Gold has fallen about 9% since the start of the war, with a liquidity squeeze in the early weeks of fighting leading investors to offload holdings and cover losses elsewhere.

Gold rises as push for US-Iran diplomacy eases inflation risk

Higher borrowing costs are a headwind for non-yielding bullion.

The retreat in energy prices relieved some of the inflationary pressure that has weighed on bullion since the war began more than six weeks ago.

Gold rises as traders weigh potential to revive US-Iran talks

Despite a moderate recovery in recent weeks, bullion has still fallen around 10% since the start of the conflict in late February

Copper, viewed as a gauge of global economic momentum, is so interlinked with industrial activity and investments in infrastructure and the power sector that it is the one to watch, says David Fyfe of Argus Media.

Asia ‘absorbs the hit on every axis’: What volatile copper, aluminium prices mean for the region

Analysts note that Asia is most vulnerable to volatility in base metals due to a lack of buffers

In recent weeks, gold has clawed back some losses as a growing focus on slowing economic growth countered the risk of higher inflation.

Gold tumbles as US blockade of Hormuz raises inflationary risks

Bullion has fallen more than 11% since the US-Israel war with Iran began at the end of February

Gold has fallen about 10% since the war began at the end of February.

Gold pares gains after Iran says ceasefire deal with US violated

Since the war in the Middle East began, bullion has traded largely in tandem with stocks

Gold has fallen almost 10% since the conflict began at the end of February.

Gold climbs after Trump agrees to two-week ceasefire in Iran

Now in its sixth week, the war in the Middle East has driven a spike in energy prices and raised inflationary risks

Brent crude futures prices are averaging north of US$100 per barrel since the escalation, versus a five-year average of US$81 per barrel.
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Why it is commodities’ turn to shine

The asset class has risen 17% year to date

Prices have already fallen about 7% since the US and Israel launched attacks on Iran.

Goldman warns on copper as Iran war threatens global economy

Most base metals have come under growing pressure in the past month