The March data on gold ETFs published by the World Gold Council this week showed a continued high buying interest among ETF investors, Commerzbank’s commodity…
The tariff conflict triggered by US President Trump and the resulting increase in risk aversion also put pressure on the Platinum and Palladium prices. Tariff…
The OPEC production surveys by Reuters and Bloomberg again showed a considerable discrepancy for March, Commerzbank’s commodity analyst Carsten Fritsch notes. UAE and Iraq at…
The US Energy Information Administration (EIA) has revised its forecast for global oil demand downwards, Commerzbank’s commodity analyst Carsten Fritsch notes. Oversupply fears push oil…
This afternoon the Mexican statistics office will release the March inflation figures. However, they are unlikely to tell us much new, Commerzbank’s FX analyst Michael…
So far, the Chinese currency has not responded to the US tariffs with a major devaluation. But many small devaluations can add up to a…
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had…
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently…
The Copper price was one of the biggest losers among base metals since 2 April, starting the week by falling by more than 15%, Commerzbank’s…
Silver was hit even harder, losing a good 7% on Friday and plummeting to a 7-month low of USD 28.3 per troy ounce yesterday, Commerzbank’s…