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LME Week, the biggest gathering of the metals industry, brought a cautiously upbeat tone to metals markets this year. While macro uncertainty, particularly around China-US trade negotiations, continues to cloud near-term demand, participants broadly see a turning point as physical tightness and supply disruptions come into focus

The oil market came under some pressure this morning after reports of a potential breakthrough on the Middle East peace deal. Higher oil inventory in the US further added to the pressure on oil prices

The oil market opened higher in the early trading session today following a modest output hike from OPEC+ for November 2025. Meanwhile, gold continued its rally to new record highs amid the prolonged US shutdown











