by Warren Head | Jul 21, 2026 | Commodities
21.7.26 Gold prices remain close to multi-month lows and stabilized to some extent amid a steady dollar and bond yields. ON markets overnight, gold eased slightly to US$4,012.40 an oz (NZ$6,917/oz). “However, the metal continues to face downside risks as ongoing...
by Warren Head | Jun 27, 2026 | Commodities
27.6.26 Global oil demand is projected to decline by 1.1 mb/d (million barrels per day) in 2026, according to the International Energy Agency. The drop is expected to reflect elevated prices and significant disruptions to fuel availability, particularly during the...
by Warren Head | Mar 27, 2026 | Commodities, Currency, Economy, Money Market
27.3.26 Oil prices, the US dollar, and bond yields all rose amid market scepticism that a de-escalation in the Iran war was likely soon, reports Westpac this morning. Currencies: “The US dollar index is up 0.3% on the day. EUR fell from 1.1570 to 1.1523. USD/JPY rose...
by Warren Head | Mar 20, 2026 | Commodities
19.3.26 Prices levelled out at this week’s GlobalDairyTrade auction, with the price index almost neutral at up 0.1%. The benchmark whole milk powder price fell 4% at US$3,709/ MT bringing a halt to recent strong gains. However, overall this was the sixth consecutive...
by Warren Head | Mar 6, 2026 | Commodities
6.3.26 COMMENT Gold prices posted another decline on March 5 extending the losses seen earlier in the week and moving closer to the $ 5,050-per-ounce level. Antonio Di Giacomo, Senior Market Analyst at XS.com comments that prices have been mainly pressured by the...
by Warren Head | Dec 29, 2025 | Commodities, Market Commentary
29.12.25 COMMENTARY The global price of gold settled back today, with the metal marked at US$4,537.70 a troy ounce, down $15.00. Rania Gule, senior market analyst at XS.com – MENA, commented in a note that the gold market is “currently going through a delicate phase...
