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.

Articles
Gold Is Quiet. The Case for Owning It Isn’t.
Gold isn’t rallying despite a war in the Middle East. That seems strange. But if you understand how gold actually behaves in macro cycles, the quiet isn’t a red flag — it’s a setup.




