Asian Metals Market Update for 17th February

February 18, 2025

Friday’s rise and subsequent sell-off (before days close) was a trailer of the kind of volatility that will be there for the rest of the year. (in precious metals and non-ferrous metals). Overall bullish trend will not change in gold, silver, and even copper. Short-term investors and day traders can see a continuous flow of stop loss-triggered trades if they are not careful or trade without thinking.

Valentine's Day spending is over. People will prefer to save and invest for the summer vacation in the northern hemisphere. US President Donald Trump is not as foolish as it may seem w.r.t the global economy. US vice-president Vance's speech at the Munich security conference is an eye-opener. I have been a supporter of anti-immigration and finally, I found a Donald Vance team to clean up the pro-immigration funders. I hated to see Europe getting replaced by religious hardline immigrants. (in the last four years under Biden's rule.). Europe under siege by hardline religious immigrants will ensure the bullish trend in gold.

News on Trump's brokered Ukraine peace deal can have an impact due to the lack of major US economic data released this week.

Ukraine has rejected a bid by the US to own 50% of the country’s rare earth minerals, as President Volodymyr Zelenskiy seeks to negotiate a better deal, the Financial Times reported.
S. Secretary of State Marco Rubio on Sunday said Ukraine and Europe would be part of any "real negotiations" to end Moscow's war, signaling that U.S. talks with Russia this week were a chance to see how serious Russian President Vladimir Putin is about peace.
US Treasury Secretary Scott Bessent presented the proposal to Zelenskiy in a draft contract, which was brought to their meeting on Wednesday, NBC reported earlier, citing eight US officials it didn’t identify.
Zelenskiy didn’t sign the document and said he needed to study it and consult others, according to the US outlet.
Zelenskiy wants US and European security guarantees to be tied directly to any deal on the mineral reserves, the FT said, citing three unidentified people familiar with the negotiations. A senior Ukrainian official told the newspaper Kyiv was seeking a “better deal.”

Gold will zoom if there is a lack of consensus between the USA-Ukraine-European Union over USA brokered peace deal. BUT till then there will be very sharp two-way price moves in precious metals and crude oil

CME GOLD APRIL 2025 – Current price $2914.40

Spot gold has to trade over $2882.00 to rise to $2919.00, $2958.60 and more.
A mild sell-off will be there if spot gold trades below $2882.00 after London opens and till the day closes.
Views are intraday.

Disclaimer

The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.

Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.

NOTES TO THE ABOVE REPORT