Analysis: Commodities

Mali court adjourns hearing on whether to put Barrick's gold mines under provisional administration

BAMAKO -A Malian court has adjourned to Thursday a hearing on whether to put Barrick Mining's Loulo-Gounkoto gold complex under provisional administration, the court's registry office and one of the...

How flesh-eating screwworms in cattle could raise US beef prices

New World Screwworm, a devastating parasite that eats cattle and other wild animals alive, is traveling north from Central America to Mexico and has crept past biological barriers that kept the pest...

Magnet exports slowed in China, rare earths in question

Chinese customs are slowing down shipments of certain low-performance rare earth magnets used in consumer electronics and household appliances due to confusion over the application of new export...

Oil prices rise amid tensions between Israel and Iran

Oil prices rose more than 1% on Wednesday morning, boosted by reports of a possible Israeli attack on Iranian nuclear facilities. Such a scenario is reigniting fears about crude supplies in a region...

Chanel to keep investing despite choppy luxury market

PARIS -French luxury group Chanel will continue to invest heavily this year, drawing on its deep pockets as other sector players pull back, with plans for new stores in China and the United States,...

Price pullback spurs gold demand in top Asian hubs

Physical gold demand improved across most key Asian hubs this week as a pullback in global prices sparked buying interest among consumers. This week, Indian dealers were offering a...

Guinea revokes 46 mining licences, signalling stricter oversight of major operators

DAKAR -Guinea has revoked the licences of 46 mining companies operating in the country, a government source told Reuters on Thursday, while another said it could be up to 53 permits, in what some...

Commodities: Boosted by easing trade tensions

Every week, our commodity market overview gives you a review of the latest news from the commodity markets in order to better understand fluctuations in the prices of energy, metals, and agricultural...

Cattle futures surge over US halt to Mexican cattle imports

MEXICO CITY/CHICAGO -U.S. cattle futures soared to record highs on Monday after Washington suspended cattle imports from Mexico over a flesh-eating parasite, which Mexican President Claudia Sheinbaum...

Venezuelan oil disguised as Brazilian crude to circumvent US sanctions

Traders have quietly re-designated over $1bn worth of Venezuelan oil shipments bound for China as Brazilian over the past year, according to two maritime tracking companies, internal documents, and...

Congo gold miner halts operations in tax dispute with M23 rebel administration

Twangiza Mining, a gold miner operating in the rebel-controlled South Kivu Province in the eastern Democratic Republic of Congo, said it has been ordered to suspend operations by the rebel...

China-led funds spur largest monthly inflow into gold ETFs in three years

The inflow into physically backed gold exchange-traded funds in April was the largest since March, 2022, with China-listed funds leading the move due to the country's trade war with the U.S., data...

South Africa's Gold Fields to buy Australia's Gold Road for $2.4 billion

MELBOURNE -South Africa's Gold Fields will acquire Gold Road Resources in a sweetened deal valuing the Australian miner's equity at A$3.7 billion , as sky-high bullion prices drive a wave of...

Russia hikes 2025 deficit forecast threefold due to low oil price risks

MOSCOW -Russia's finance ministry raised the 2025 budget deficit estimate to 1.7% of gross domestic product on Wednesday from 0.5% after reducing the energy revenues forecast by 24% due to...

Record gold prices help keep China's copper smelters going despite losses

SHANGHAI -Surging prices for gold and other byproducts are keeping China's copper smelters afloat and could fend off significant production cuts this year despite a key gauge of industry...

Gold pares losses on rate cut hopes after weaker US economic data

Gold prices pared some losses on Wednesday as bets that the U.S. Federal Reserve will cut rates rose after weaker-than-expected first quarter U.S. growth. Spot gold was down 0.2% at...

The price of gold reaches $3,500 per ounce (+33% in 2025)

Investing in gold is the best way to escape the turbulence of the financial markets in 2025. This morning provided further proof of this. At 8:18 a.m., the price of gold made a symbolic foray into the...

Algeria's Sonatrach, Occidental Petroleum sign MOUs on hydrocarbon cooperation

Algerian energy firm Sonatrach signed two memorandums of understanding with U.S. shale company Occidental Petroleum to expand cooperation in hydrocarbon exploration and production in Algeria,...

Chinese gold ETFs April inflows surpass first quarter total, WGC says

Investment flows into Chinese physically backed gold exchange-traded funds so far this month have exceeded those for the whole of the first quarter and overtaken inflows registered by U.S.-listed...