Copper climbs toward record on supply concerns – ING

FXStreet Insights Team FXStreet

Copper prices rose toward record levels as ongoing supply concerns coincide with strong US imports ahead of potential tariffs, keeping markets on edge, ING's commodity experts Ewa Manthey and Warren Patterson note.

US imports surge ahead of potential tariffs

"Copper rose toward a record amid ongoing concerns over supply, while the US continues to import record volumes ahead of any potential tariffs. Comex Copper inventories reached an all-time high after expanding for 42 straight weeks. But they remain below total warehouse capacity. This is keeping markets outside the US tight."

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD ticks higher after the release of US CPI data

EUR/USD turned modestly higher following the release of US CPI figures, which resulted pretty much as expected. The pair, however, remains subdued below the 1.1700 mark.

GBP/USD flirts with 1.3500, still fighting to reconquer the level

The British Pound is battling to regain its bullish poise in the American session on Tuesday, trading against the Greenback at around 1.3470. Market participants are torn between US data and political noise.

Gold maintains its positive bias above $4,600

Gold prices trade with modest gains on Tuesday, not far from recent record high. The XAU/USD pair briefly pierced $4,600 before bouncing, following the release of US inflation data.

Privacy coins set to take the lead in 2026 as regulation accelerates demand for on-chain anonymity

The segment of privacy coins outperforms the broader cryptocurrency market, with a roughly 290% rise in 2025. The rising user count on the cryptocurrency tumbler Tornado Cash amid regulatory pushes, such as the 2025 GENIUS Act, reflects a surge in demand for privacy.

More pressure on the Federal Reserve emerges

News broke on Sunday night that the Federal Reserve received grand jury subpoenas from the Department of Justice on Friday, escalating the Trump administration's pressure on the nation's central bank.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE bulls struggle to regain strength

Meme coins, including Dogecoin, Shiba Inu, and Pepe remain under extreme selling pressure, recording roughly seven days of downtrend following the January 4 spike. The meme coins risk a bearish shift in momentum as buying pressure subsides, potentially leading to further declines.