Metals

Analysts say its higher prices are unlikely to derail data centre growth, but tighter supplies could stymie new capacity

It is set to trade near US$4,100 an ounce in H2, unless new factors such as a weaker US dollar push it towards US$5,000

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