Cocoa prices are rising sharply once again, gaining 2.7% on Tuesday. Prices are up nearly 15% over the past 2 months, partly on the back of stronger British pound as a large portion of the commodity is sold in this currency. Technically market faces a resistance zone around $2550.
Morning Wrap: Equities under pressure after Wall Street took profits, FX frozen (06.08.2026)
Daily Summary: Dow Jones hits record highs, while gold and silver rally on hopes for a US–Iran deal
Hormuz Deal Moves Closer
GOLD eyes 4200 USD 🟡