Gold falls as commodity index rebalancing sparks selling pressure

Gold prices fell on Thursday as investors braced for futures selling tied to a commodity index reshuffle, with a stronger US dollar adding pressure by making the metal costlier for overseas buyers, reports Reuters.Spot gold fell 0.6 per cent to $4,428.06 per ounce, as of 1115 GMT. US gold futures...

Read more

AI to boost copper demand 50pc by 2040: S&P

Growth in the artificial intelligence and defense sectors will boost global copper demand 50 per cent by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, the consultancy S&P Global said on Thursday, reports Reuters.Copper has long-been used...

Read more

Tariffs, low stocks propel aluminium costs to records for US consumers

LONDON, Jan 8 (Reuters): Aluminium consumers in the United States are paying record high prices, significantly above the level import levies and transport costs would warrant, as tight supplies globally aggravate the impact of tariffs and low US inventories.Needed by industries such as automotive, aerospace, packaging and construction, aluminium prices...

Read more