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Gold skyrockets to over $2,600 amid rate cuts and geopolitical tensions
On Friday, the price of gold surpassed the historic $2,600 mark for the first time, supported by a rally fuelled by expectations of further interest rate cuts in the United States and rising tensions in the Middle East. This jump in gold reflects its status as a safe...
Primary Aluminium Production in the World: August 2024 between Stability and Decline in Oceania
In August 2024, the Oceania region experienced a decline in primary aluminium production. However, in parallel with a decrease in production in this region, global output fell from the record levels reached in previous months. Despite this, the decline was partially...
The August 2024 Steel Market: Raw Material and Energy Price Fluctuations, Impacts on Production Costs
In August 2024, the steel industry observed a number of significant movements in raw material and energy prices, profoundly affecting steel production costs. The changes affected both non-energy raw materials used in steel production and energy costs, showing...
Copper at highs since mid-July: the effect of the Fed’s rate cut on the economy and the commodities market
The copper price rose sharply, reaching its highest level since mid-July, the day after the Federal Reserve announced an aggressive interest cut rate. The Fed's decision, which lowered rates by half a percentage point, was made to stimulate the US economy and support...