⛏ Gold ETFs Record Record Inflows in September

Gold ETFs Record Record Inflows in September
Inflows of gold into ETFs set a record in the third quarter, driven by the largest September increase on record. This reflects Western investors finally getting off the sidelines and joining the gold bull market. Based on assets under management (AUM), flows of metal into gold-backed funds set another record in September at $472 billion. AUM rose by 23 percent quarter-on-quarter in Q3. Read on »

Mining Megadeals Are Poor Fix For Copper Shortage
There aren’t many things that mining CEOs agree on. But most reckon the world is speeding towards a deficit of copper. The real question is what to do about it. At first sight, Anglo-Teck’s recently announced $54 billion merger looks an encouraging solution to a worrying gap between supply and potential demand of the red metal, which is central to the green energy transition. In fact, the deal is just the exception that proves the rule. Production boosts may only happen when the deficit actually bites – and prices begin to soar. Read on »

Oil Tumbles To 5-Month Lows As Gaza Ceasefire Holds
WTI is trading back below $60 for the first time since early May on cautious optimism about easing tensions in the Middle East and the outlook for a global supply surplus. The drop comes as Middle East tensions calm with Israel and the Hamas militant group agreeing to a ceasefire in their two-year war in Gaza, easing concerns over a widening conflict in the region that could cut into oil supplies from the Persian Gulf. Read on »