Sydney:12/24 22:26:56

Tokyo:12/24 22:26:56

Hong Kong:12/24 22:26:56

Singapore:12/24 22:26:56

Dubai:12/24 22:26:56

London:12/24 22:26:56

New York:12/24 22:26:56

2026-04-09 Thursday

2026-04-09

11:10:49

New Zealand's total reserve assets in March

Previous : 488.35 Forecast : -

Published Value 607.19

Previous

10:05:56

[Mining executives: Copper is poised to be the best-performing metal this year, with structural supply and demand imbalances supporting a long-term bullish outlook] (1) Vizsla Copper Corp CEO Craig Parry said copper could be the standout metal in the current cycle, outperforming gold and silver this year. This is due to the clash between structural supply constraints and strong long-term demand drivers. Unlike the urbanization drive in China in the early 2000s, this round of drivers is broader and more persistent (global electrification, green energy transition, and infrastructure investment). (2) The copper industry faces a severe shortage of new supply: major producers are finding it difficult to maintain existing production levels, and new projects face rising capital costs, licensing challenges, and long development cycles. Meeting future copper demand would require approximately $200 billion in investment, but there are not enough viable projects to absorb the capital. Parry predicts that if supply does not keep up, copper prices could reach $20-30 per pound by the end of this decade. (3) Gold remains supported by central bank gold purchases and geopolitical uncertainty, but recent turmoil in the Middle East has dampened physical demand, and gold prices will rebound once trade flows return to normal. Silver is positioned between gold and copper, with solar energy demand absorbing most of the supply. Parry described the recent sell-off in mining stocks as an "extraordinary opportunity," predicting a sharp revaluation of the sector over the next 12-18 months. Vizsla is advancing exploration plans, including the Palmer project in Alaska.

10:01:00

[FTSE Russell Head of Research: Gold's Safe-Haven Role Remains Unchanged, Stagflation Signals Strengthen Commodity Allocation Value] (1) Indrani De, Global Head of Investment Research at FTSE Russell, said that although gold has recently experienced sharp fluctuations and failed to attract safe-haven buying amid geopolitical risks, its role in investment portfolios has not undergone a structural change. Gold continues to benefit from geopolitical uncertainty, but investors need to distinguish between long-term fundamentals and short-term headwinds. (2) Gold's safe-haven appeal is being offset by rising opportunity costs of holding non-interest-bearing assets: Middle East conflicts have driven up energy prices and reignited inflation concerns, which in turn have fueled market expectations of central bank interest rate hikes. Meanwhile, after gold prices rose to a record high of $5,600 at the beginning of the year, a more severe profit-taking cycle has emerged, making gold more sensitive to market liquidity. However, the decline in gold prices is roughly equivalent to that of global stock markets and is part of a broader asset repricing. (3) The global economy is sending "stagflation" signals (slower growth + continued inflation), and the commodity market (rising oil prices and weakening copper prices) clearly indicates the risk of stagflation. In this environment, gold still serves as a defensive ballast, while other commodities (especially energy, industrial metals, and transition metals) are also gaining sustained demand due to AI and green transformation, making diversified allocation even more justifiable.

Real-Time Popular Commodities

Instrument Current Price Change

XAU

4758.01

38.83

(0.82%)

XAG

74.415

0.361

(0.49%)

CONC

102.18

7.77

(8.23%)

OILC

98.98

2.82

(2.94%)

USD

98.982

-0.048

(-0.05%)

EURUSD

1.1676

0.0014

(0.12%)

GBPUSD

1.3411

0.0019

(0.14%)

USDCNH

6.8377

0.0057

(0.08%)