Analysis: Commodities

Gold holds steady; key US jobs data in focus

Gold prices were steady on Tuesday as investors took a cautious stance ahead of the upcoming U.S. economic data that could provide insights into the Federal Reserve's interest rate path. ...

Trump's low oil price promise is a risk and a boon for emerging markets

Donald Trump has promised to drill, baby, drill to halve energy costs, a plan that sends shivers through the governments of emerging market oil producers anxious about dollar earnings and fills poorer...

Gold gains on softer US dollar, geopolitical concerns; set for weekly fall

Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for a weekly decline as markets awaited key U.S. data for further insights...

Gold trades in tight range ahead of US inflation data

Gold prices flitted within a narrow range on Wednesday as investors awaited key U.S. inflation data for insights into the potential scale of a Federal Reserve rate cut next month. Spot...

Trump tariffs could raise grocery, liquor bills - from beef and pork to avocados and tequila

U.S. prices may rise next year for avocados, strawberries and other fresh produce, and consumers could face shortages, if President-elect Donald Trump follows through on plans to slap tariffs on goods...

US oil producers unlikely to shift to 'drill, baby, drill' mode, says Exxon executive

LONDON - U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon...

Commodities: Oil stalled between boos and oversupply

Each week, our commodities overview offers a snapshot of the latest happenings in the commodities markets. It's your go-to source for understanding the price shifts in energy, metals, and agricultural...

Gold prices hold steady after Trump's tariff pledge

Gold prices held steady on Tuesday after a 3% drop in the previous session, supported by increased safe-haven demand following President-elect Donald Trump's pledge to impose tariffs on all imports...

Gold demand tepid in India, other Asian hubs as prices rebound

Physical gold premiums slipped in India on a pull-back in demand this week as rising local prices prompted jewellers and retail buyers to stay on the sidelines, while demand for bullion in top...

Economists see Russian inflation exceeding the central bank's 2024 estimate

Leading Russian economists expect inflation in Russia to exceed the central bank's estimate for this year, increasing the likelihood of another aggressive benchmark interest rate hike next month. ...

China finds $83 billion worth of gold reserves in Hunan

China has found gold reserves worth 600 billion yuan in central Hunan province, state outlet Xinhua news said on Thursday. China is the world's largest gold producer, accounting for...

Gold gains for fourth straight session amid geopolitical woes

Gold prices rose for the fourth straight session on Thursday, driven by safe-haven demand amid escalating tensions in the Russia-Ukraine conflict, while investors awaited remarks from Federal Reserve...

Russian inflation jumps 0.37% in latest week

Russian consumer prices rose 0.37% in the latest week, up from 0.3% in the previous week, data showed, driven by price growth for butter, sunflower oil, dairy products and potatoes, pushing the...

Commodities Overview: Beijing struggles to convince

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, so that you can better grasp the variations in the prices of energy, metals and...

Orla Mining to buy Newmont's Ontario mine in $850 million deal

Orla Mining will buy the Musselwhite Gold Mine in Ontario from Newmont in a deal valued at $850 million that will help more than double its production of the precious metal, the Canadian miner said...

Gold gains 1% as dollar rally stalls

Gold prices rose on Monday after last week's sharp declines, as a rally in the dollar paused, while market participants awaited comments from Federal Reserve officials this week for more clues on the...

Nymex Overview : Petroleum Futures Back Away From Early EIA-Inspired Gains -- OPIS

Petroleum futures jumped Thursday morning after the Energy Information Administration reported strong gasoline and distillate demand in the week ended Friday, but couldn't hold on to most of the gains...

Nigeria plans $28 billion spending for 2025 budget, minister says

Nigeria plans 47 trillion naira expenditure for 2025 budget on an oil price assumption of $75 per barrel and target production of 2 million barrels per day, its budget minister said on Thursday. ...

Gold drifts higher, traders eye US inflation print

Gold prices edged up on Wednesday as investors hunted for bargains after steep declines in the previous session, while spotlight shifted to U.S. inflation print, which could shed more light on the...