Asian Metals Market Update for 14th April

April 14, 2025

The US-China trade war will continue. Trump has temporarily spared “too big to fail” US electronic giants like Apple, Qualcomm, and others from a falling profit cycle. The postponement of higher customs duty on electronic imports from China, accompanied by a national security probe, will ensure that the overall trend will be bullish for gold and silver. Copper and non-ferrous prices are expected to remain firm unless there is another big crash in the US stock market.

Global free trade is history. Protectionism is a reality. NATO could soon be history. There can be new geopolitical alliances in the next five years.

The next five years belong to gold, silver, copper, other precious metals, and all industrial metals. Hypothetically, even if industrial metals crash fifty percent (from the current price) due to some very long global recession, industrial metals price will be multiple times higher than the current price after five years.

The biggest headache is managing strategies for day-to-day physical buying and physical selling in all metals. The price will be very volatile. Premiums/discounts can change in a millisecond. This is where we need to protect our business profit. Not Easy Eh!

In the short term, I will prefer to trade only in the technical. Significant news will be analyzed. “Barking Dog, Seldom Bite” syndrome will continue under Trump. Another way to describe Trump is “Gadhee Nee Maari Laat”. The English translation, Donkey (Gadheee) can kick (laat) anytime.

“Trump Bark and Bite” news will decide whether traders will go long on easter vacation (in gold and silver) and/or close their open positions. (both buy and sell).

Intraday traders and jobbers trade very carefully. Despite, all the bullish momentum in gold and silver, I will prefer to be extra cautious on my intraday trades. This is a shortened trading week.

SPOT GOLD – current price $3231.90

TODAY’S VIEW: Spot gold has to trade over $3218.00 to rise to $3265.10, $3288.90, $3311.20 and more.
A mild sell-off will be there if spot gold trades below $3218.00.
Watch $3218.00. Spot gold can move $70-$80 on either side from $3218.00.
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