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06 oct 2022Today’s LME Report Update By Accurate Commodity Take Free 100% Accuracy BASE METAL TIPS Join Us www.accuratecommodity.com

Today’s LME Report

Aluminium +325
Copper +1550
Lead no change
Nickel -138
Zinc -25

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South Korean Foreign Ministry Invalidated Terra Founder’s Passport.

  • The South Korean Foreign Ministry to invalidate Terra Founder Do Kwon.
  • The government published a public notice due to the “inability to deliver” the passport return order.
  • The Singapore government was unable to locate Kwon.

The South Korean Ministry of Foreign Affairs published a public notice on their website on October 5, announcing that the Terra Founder Do Kwon has 14 days to return his passport. Failing to do so would result in the South Korean government invalidating Kwon’s passport.

Apparently, the South Korean Foreign Ministry had been considering this a month prior to actioning it. Moreover, the announcement being posted publicly was a result of the “inability to deliver” the passport return order.

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TODAY’S SILVER NEWS UPDATE BY ASSUREMCX.COM CALL US AT 9084830600

Silver Price Analysis: XAG/USD bulls have the upper hand, 100 DMA support holds the key.

Silver builds on the previous day’s goodish bounce from sub-$20.00 levels and edges higher during the first half of trading on Thursday. The uptick, however, falters ahead of the $21.00 round figure during the early European session, forcing spot prices to surrender modest intraday gains.

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Gold gains as Treasury yields dip; hawkish Fed caps upside.

Gold prices edged higher on Thursday as Treasury yields retreated, although gains were limited after stronger U.S. economic data bolstered expectations the Federal Reserve will retain its hawkish narrative.

FUNDAMENTALS

* Spot gold was up 0.2% at $1,719.19 per ounce, as of 0144 GMT.

* U.S. gold futures rose 0.5% to $1,728.50.

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Copper continues to rise in price.

The price of copper on Thursday morning rises, trading data show, since the beginning of the week the metal has already risen by almost 5%.

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06/10/2022 USD DATA Release By Accurate Commodity, Get Free Trial In Natural Gas Book Now www.accuratecommodity.com

U.S. Natural Gas Storage

The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.

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METALS-Zinc, copper prices jump as LME restricts Russia’s UMMC deliveries.

 Zinc and copper prices rose on Thursday after the London Metal Exchange imposed conditions on new metal deliveries from Russia’s Ural Mining & Metallurgical Co and a subsidiary.

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