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Gold & Precious Metals slide: Iran diplomacy and Lunar New Year drain liquidity
Happy Lunar New Year! Many Asian nations and people celebrate the beginning of the year of the Fire Horse, taking many essential commodity Markets off for this week. As detailed in our past day's Oil outlook, China being off can amplify moves in commodity markets, as the Shanghai Futures Exchange (where most Asian trading for metals occurs) is closed for the entire week, leading to thinner markets. After a long US weekend, traders are unloading their risk hedges amid mostly positive communications regarding the second round of US-Iran talks in Geneva. Iranian Foreign Minister Abbas Araghchi communicated a potential ... (full story)
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From finance.yahoo.com | Feb 16, 2026
Industrial metals had a subdued start to the week, with many Asian traders offline for the Lunar New Year break, and the US also closed. Copper was little changed below $12,900 a ton in London, consolidating after recent volatility. Aluminum edged lower after falling on Friday following a report US President Donald Trump may narrow the scope of import ...
From kitco.com | Feb 17, 2026
While commodity prices were volatile at the end of January, precious metals, oil, and industrial metals all posted gains for the month, and as volatility subsides, gold and other key commodities will enjoy supportive fundamentals, according to Dominic Schnider, Head of Commodities & APAC Forex CIO at UBS Wealth Management. “Precious metals prices, while ...
Iran’s Foreign Minister Araghchi: There is good progress on talks with the US *ARAGHCHI: REACHED GENERAL AGREEMENT ON SET OF PRINCIPLES - BBG *IRAN'S ARAGHCHI: HAD 'SERIOUS, CONSTRUCTIVE' TALKS WITH US *OIL PRICES QUICKLY FALL TO SESSION-LOWS, BRENT DOWN 1.9% IRAN'S FOREIGN MINISTER: IRAN AND US HAVE CLEARER PATH TO MOVE FORWARD IRAN'S FOREIGN MINISTER: DATE OF NEXT ROUND OF US TALKS NOT YET DECIDED ...
