Aluminum goes over 3,000 USD

The price of aluminum on the London Metal Exchange (LME) rose above 3,000 USD per tonne for the first time in 13 years. Bloomberg said, that the main reason is concern about the continuity of supply in a situation where demand increases further,.

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Gold hits $2,000

Gold rose above $2,000 for the first time in one year. This is because of the ongoing fears about the crash of the banking system. Gold is up 10% so far in 2023.

WTI Crude falls below $70

WTI crude fell by more than 5% to $67.5. This is the lowest level since December 2021, marking the end of the commodity rally for now.

WTI crude drops amid high volatility

WTI crude fell by more than 5% to below $73, close to a level not seen since early December. The decline is likely caused by financial contagion fears following the Sillicon Valley Bank and Signature Bank collapses.

Commodities fall after Fed’s press

Silver tumbled from $21 to $20 in the midst of a global selloff. The commodity fell by almost 5% in a single day. Platinum also dropped by 4.7%, and gold declined by 1.8%.

US natural gas drops 10% πŸ“‰

US natural gas tumbled 10% when the market opened. This is after the commodity bottomed out and rose almost 50% in less than two weeks.

Platinum jumps 4.5%

Platinum was on track to lose 20% in six weeks but refused to drop below $900. Instead, it jumped more than 4.5% to $950, slowly rising back to $1,000.

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Nasdaq to offer crypto services in Q2

Nasdaq is about to launch crypto custody services in the second quarter of this year. Nasdaq is reportedly moving forward to get all the necessary technical setup and regulatory approvals ready.

The EU stock market in red due to banks

The European stock market was brought down by the banking sector. DAX fell 2% due to ongoing fears that another bank will crash. Deutsche Bank is down 15%, while UBS along with Credit Suisse both lost around 6%. Other notable industry players like BNP Paribas and Commerzbank suffered losses as well.

Bitcoin reportedly entered a supercycle

Bitcoin appears to be entering a new bullish “supercycle,” according to Bloomberg senior analyst Mike McGlone. He claims Bitcoin is the best-performing asset in 2023, increasing its price “nearly 10 times” as much as gold.

JPY is strong on Friday

The Japanese Yen has been strengthening against all other currencies on Friday. EUR/JPY fell the hardest, by 1.82%. Other currency pairs, like NZD/JPY and GBP/JPY, are also down 1.5% so far.

Hermes stock at new all-time high

Hermes International (RMS) jumped to a new all-time high of over 1,806 per stock. The company is up 24% so far in 2023 and up 49.5% in the last 12 months. Hermes is currently valued at 188 billion euros.

Do Kwon reportedly arrested

The Interior Minister of Montenegro claims Do Kwon has been arrested in Podgorica, the capital of Montenegro. The identity verification should be confirmed soon.


Banking remained the main driver this week – will it dictate the next?

Banking remained the main driver this week – will it dictate the next?

The banking sector received another blow in form of Deutche Bank's troubling Friday. When will the banks recover?
Is copper on track for a massive rally?

Is copper on track for a massive rally?

Many significant investors expect copper prices to jump notably. What is this assumption currently based on?
Deutsche Bank bleeds as contagion spreads

Deutsche Bank bleeds as contagion spreads

The banking crisis is not over, judging by today's price action in large EU banks. Should the investors in EU be worried?

People made millions on Arbitrum airdrop – so why is ARB collapsing?

The crypto space welcomed new cryptocurrency project Arbitrum with huge excitement, but the token plunged 90% and even the website crashed.