Commodities

Commodities overview: Gold maintains Olympic form

Every week, the commodities overview reviews the latest developments on the commodities markets in a bid to gain a better understanding of the price variations in energy, metals and agricultural...

Strong winds fan dozens of fires in Russia's Rostov region, governor says

Strong winds fanned fires sparked by downed power lines and carelessness in multiple settlements across Russia's southern Rostov region, Governor Vasily Golubev reported on Sunday. Since...

Gold bulls set sights on previously dismissed record $3,000/oz milestone

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S....

A golden Fed cut

A look at the day ahead in U.S. and global markets by Amanda Cooper. What a difference a day makes. Just 24 hours ago, investors were coming to terms with the idea that a half-point rate...

Zimbabwe blueberry farmers chase booming demand, face funding woes

STORY: Zimbabwe's farmers are betting on blueberries. The country is one of the fastest growing producers globally, with demand for the fruit booming. But farmers are...

Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on...

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable...

Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a more selective, less...

Kepler Cheuvreux downgrades Avance Gas to Hold (Buy), target price NOK 128 (219)

Kepler Cheuvreux downgrades Avance Gas to Hold , target price NOK 128 ...

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. ...

'Nature is punishing us': Drought imperils farmers and bees in Mexico's north

In the northern Mexican state of Chihuahua, residents and farmers have anxiously watched and waited for clouds to bring rain to refill dried-out dams, water wells and lagoons. They've waited so far in...

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and...

Investors rush to money market funds before Fed rate cut, BofA says

Investors poured $37 billion into cash-like money market funds in the week to Wednesday, Bank of America said on Friday, as they braced for the U.S. Federal Reserve to cut interest rates in...

US oil export gains slow as output, global demand turn tepid

U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand...

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...

Positive Market Outlook as U.S. Dollar Slides

A roundup of key agricultural commodity markets for the week of Aug. 19-Aug. 23 by Dow Jones Newswires in Barcelona. By Joe Hoppe GRAINS & OILSEEDS: The macro mood is bullish for...

Oil bears turn cautious as financial market strains ease: Kemp

Investors trimmed their bearish short positions in petroleum after other financial markets steadied following a sudden plunge earlier this month and crude prices found support above $75 per barrel. ...

Crop Watch: Rains quench crops ahead of upcoming dry stretch -Braun

SIOUX FALLS, South Dakota, Aug 18 - U.S. Crop Watch corn and soybeans finally received good rains last week, mostly maintaining crop potential ahead of what looks to be a...