Mining Highlights: Oil remains on backfoot, Snap up Lucara diamond’s shares - Tip TV [Video]

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Charlie Gibson, Head of Mining at Edison Research, and Bonnie Hughes, Natural Resources Forecaster, offer insights on the commodity markets performance, the leaders and laggards in the mining stocks, in today's Mining Highlights video on the Tip TV Finance Show.

Key Quotes

Commodities' price performances (1 week) – "What stands out is the down week for silver on profit taking, down week for gold, and oil down for the third or fourth week and being among the worst performers. On the upside, copper, nickel and palladium ran higher on bullish news from Phillipines."

Commodities' price performance (Year to date) – "Uranium at the bottom, silver stuck at top, Zinc second best performer and looking good. Closure of many zinc mines in Canada is going to lead to supply shortage."

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EUR/USD looks weak below 1.1800

EUR/USD has slipped back under pressure, breaking through the 1.1800 support and drifting towards the weekly lows near 1.1770 ahead of the opening bell in Asia. The move reflects renewed strength in the US Dollar, with steady geopolitical tensions keeping its demand firm. Moving forward, the release of the German labour market report and flash inflation figures should keep European investors entertained on Friday.

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold remains below $5,200 despite tariff jitters and geopolitical risks

Gold is seen consolidating in a range below the $5,200 mark during the Asian session on Friday amid mixed cues. Trade jitters, along with the risk of a potential US-Iran war, act as a tailwind for the safe-haven bullion. Meanwhile, the Fed's hawkish outlook keeps the US Dollar close to the monthly high and caps the non-yielding yellow metal. Nevertheless, the commodity remains on track to register gains for the fourth straight week, though the fundamental backdrop warrants some caution for bullish traders.