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.

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Is the Dollar Losing Its Reserve Currency Status?
Central banks are dumping dollars and buying gold at record levels. Countries are settling trade in local currencies. The dollar’s dominance is eroding in real time — and once reserve status is gone, it doesn’t come back. Here’s what’s driving the shift.




