Base metals prices rallied on global market optimism and reports of increased Chinese bond sales. The LMEX Index, despite being down 8% this quarter due to concerns about Chinese demand, saw gains across nickel, zinc, aluminum, and copper. China’s potential record 3 trillion yuan special treasury bond issuance for 2025 aims to stimulate its slowing economy. Meanwhile, positive US economic data has rekindled hopes for Federal Reserve easing, further supporting commodity prices.

News
Gold, Silver Swing as Ceasefire Cracks
The US-Iran ceasefire is barely holding. Gold closed at $4,768 and silver at $75.60 after wild swings. Oil snapped back above $100 as Iran still controls the Strait. FOMC minutes revealed growing inflation fears and a hawkish shift. Here’s your PM roundup.




