Commodities (Crude Oil & Copper) & Macro Outlook

According to Guru Club, on August 25, former U.S. President Donald Trump stated that the United States urgently needs aluminum and primarily imports it from Canada.

According to Korea Economic TV, the U.S. announced today an unprecedented 'complete financial isolation' sanctions package targeting Iran as part of an economic warfare strategy. The announcement includes a warning to Chinese banks involved in Iranian crude oil trading that "there are no

US Treasury Secretary Scott Bessent announced new comprehensive sanctions against Iran on the 24th (US Eastern Time), triggering the first decline in New York oil prices after a 7-day winning streak. West Texas Intermediate (WTI) crude for

US stocks closed mixed on August 24 (local time) as semiconductor stocks declined despite falling Treasury yields. The Dow Jones Industrial Average rose 0.26% to 53,417.16, while the S&P 500 fell 0.28% to 7,652.86 and the Nasdaq Composite dropped 0.77% to 25,980.19. NVIDIA declined nearly 3%,

U.S. stocks opened lower Monday, Aug. 24, with semiconductor and technology shares leading declines as investors prepared for Nvidia earnings Wednesday, new U.S. sanctions on Iran and a key inflation report later this week. The Dow Jones Industrial Average fell 15.1 points, or 0.03%, to 53,261.95 at

RoboMarkets Ltd paid €100,000 to settle with the Cyprus Securities and Exchange Commission over possible violations involving organisational requirements, client communications, appropriateness assessments and the marketing of contracts for differences to retail investors. CySEC announced the settle

On Monday (August 24), U.S. equity and commodity ETFs showed mixed performance, with Brent oil fund dropping 1.9%, emerging market ETF down 1.5%, and soybean fund falling 1.14%. Meanwhile, gold ETF rose 0.79%, U.S. real estate ETF gained 0.62%, and U.S. long-duration Treasury ETF climbed 0.62%, wit

According to the U.S. Department of Agriculture, soybean crops in the U.S. rated 60% good to excellent last week, while corn crops rated 57% and cotton crops 37%.

According to Bloomberg and CBOT data, on August 24, CBOT corn futures rose 1.28% while soybean oil futures fell 3.16% during New York close. CBOT soybean futures declined 1.23% to $12.2550 per bushel, whereas soybean meal futures gained 0.80%. Wheat futures increased 0.21%, lean hog futures rose 0.3

According to Jin10, Shanghai Gold (Au) main contract closed up 0.61% at 1,006 yuan per gram, Shanghai Silver (Ag) main contract closed down 0.65% at 16,775 yuan per kilogram, and SC crude oil main contract closed down 0.98% at 588 yuan per barrel as of 2:30 AM on

U.S. crude oil futures settled at $85.01 per barrel overnight, declining $2.05, or 2.35% from the previous close.

Shanghai Futures Exchange crude oil 2610 contract fell 0.98% overnight to 587.8 yuan per barrel. Shanghai gold rose 0.61%, while Shanghai silver declined 0.65% during the same session.

According to the U.S. Department of the Treasury, the U.S. Treasury on August 24 implemented secondary sanctions targeting five sectors: digital assets, technology, gold, aviation, and shipping. The Treasury also suspended a general license for partial payments to

Central banks will release key data this week, with RBA meeting minutes on Tuesday at 01:30 AM GMT, US core PCE and GDP on Wednesday at 12:30 PM GMT. Canada reports GDP growth on Friday at 13:30 GMT, while Federal Reserve Chair Kevin Warsh delivers a keynote speech at Jackson Hole on Friday at 14:00

Treasury Secretary Scott Bessent announced during the week of August 17–21 that the Treasury would at least double liquidity-support buybacks of 10- to 30-year debt from $2 billion to at least $4 billion per operation, starting September 9. The intervention came after the 30-year yield touched a 19-

LME copper futures closed up $58 at $14,273/ton today (August 24). Other metals showed mixed performance: aluminum fell $9 to $3,228/ton, while zinc and lead rose $12 and $13 respectively. Nickel declined $32 to $17,026/ton, tin dropped $143 to $55,748/ton, and cobalt closed flat at $56,290/ton.

Oil and gold markets face key technical tests this week amid significant US economic data releases. US GDP growth for Q2 2026 is expected to revise down to 1.5% from 2.1%, while core PCE inflation forecast shows a 0.1% monthly increase for July. The Federal Reserve Chair Kevin Warsh will deliver a k

On August 24, European energy futures rallied during late trading: ICE UK natural gas futures rose 3.58%, TTF Dutch natural gas futures climbed 3.23%, and ICE EU carbon emission allowances gained 1.71%.

According to Houthi statements on August 24, the Iran-backed Houthis claimed they successfully attacked the Saudi oil tanker Amzan using ballistic missiles in the northern Red Sea off the coast of Yanbu, causing fires aboard the vessel. The group also stated it conducted parallel military

According to Trump's statement on Truth Social on August 24, U.S. President Donald Trump announced 50% tariffs on Canadian vehicles, trucks, auto parts, and steel effective January 1, 2027. Goods produced in the United States will face 0% tariffs, Trump