The Inverse Relationship: Gold Prices and the Dollar Index In May 2023, gold futures experienced negative returns, largely due to an increase in the value of the Dollar Index (DXY) against a basket of six major currencies. The DXY, which measures the strength of the US dollar against other major currencies, rose by 2.34% over … Read more
Low Inventories Support Copper Prices Copper prices are expected to experience a moderate recovery in the coming months, primarily driven by low inventories. However, the upward trend may be limited due to weak physical demand in China and concerns over a potential global recession, according to a Reuters poll. Copper prices have been losing momentum … Read more
Gold has been a valuable commodity for centuries and continues to be a popular investment and trading option. The precious metal is used in jewelry, electronics, and even medicine, but it is also traded as a financial asset. In this article, we will explore the ins and outs of gold trading, including the types of … Read more
Copper is one of the most widely used metals in the world, with applications ranging from construction to electronics. As a result, copper trading is a significant part of global commerce, with futures contracts and other derivatives used to manage price risk. In this article, we’ll take a closer look at copper trading, including the … Read more
Exploring the Aluminum A7 Market, Its Key Players, and Trends Shaping the Future of the Industry Aluminum A7, a high-purity grade of aluminum, is a vital material in various industries, including automotive, aerospace, construction, and consumer electronics. Its unique properties, such as light weight, high strength, and corrosion resistance, make it a preferred choice for … Read more
Commercial procedures for the international trade of commodities can be complex, involving numerous documents, payment instruments, and third-party inspections. To facilitate these transactions and provide a framework for the parties involved, the International Chamber of Commerce (ICC) has developed guidelines and procedures that are widely recognized and used in the industry. In this article, we … Read more
Brazil is a country known for its diverse economy, natural resources, and presence in global trade. Although it is famous for its coffee and sugar exports, the country’s top exports go far beyond these commodities. Brazil is one of the world’s largest producers and exporters of agricultural products, minerals, fuels, and manufacturing goods. In this … Read more