Spot gold reportedly edged closer to the $2,500 per ounce mark on Monday, 27 May 2024, when it traded at $2,449.89 at one stage. During trading on Tuesday, 28 May 2024, gold slipped slightly and opened the day at $2,338 per ounce. The precious metal is, however, sustaining its upward push despite a weaker dollar…
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At one stage, copper reportedly traded at $5.02 per pound. This commodity’s price has increased by 25% this year. Based on CNBC, copper underpins economic well-being and digitisation as it plays a pivotal role in energy transformation. Sectors involving the production of electric vehicles (EVs), power plants, and renewable energy solutions all depend on copper.…
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The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Arab Global Commodities DMCC (AGC), a proprietary trading firm headquartered in Dubai with several trading offices in India, for engaging in the disruptive trading practice of “spoofing” in the copper futures contract traded on the Commodity Exchange, Inc. (COMEX) between March…
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