Analysis: Commodities

Gold rises over 1% on stimulus bets and economic woes

Gold regained some lost ground on Tuesday after a sharp fall in the previous session as concerns over global economic recovery and expectations of further fiscal and monetary stimulus offered support...

India revives plans to offer incentives for 6 million tonnes sugar exports

India has revived a proposal to get sugar mills to export 6 million tonnes of the sweetener by incentivising overseas sales in the 2020/21 season, the third year in a row, as part of efforts to cut...

Oil soars 8% on promising COVID-19 vaccine results

Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine....

Heavy rain, pest outbreak curtails India's cotton output - trade body

India's cotton production is expected to fall 1.1% from a year ago to 35.6 million bales in 2020/21 despite higher area as excessive rainfall and pink bollworm infestation curtailed yields, a leading...

Gold eyes best week since July on easing dollar, U.S. elections

Gold rose on Friday, set to post its best week since July, as the dollar weakened and increasing chances of a Joe Biden victory in the U.S. presidential election boosted hopes for a larger coronavirus...

Gold hits three-week peak as dollar wilts on Biden victory bets

Gold bounced to a more than three-week peak on Thursday as increasing bets of a Joe Biden victory in the close U.S. election boosted hopes for larger stimulus and dented the dollar, ahead of a Federal...

India's cotton exports could jump 40% to seven-year high as prices rally

India's cotton exports could jump 40% in 2020/21 from a year ago to 7 million bales, the highest in seven years, as depreciation of the rupee and a rally in global prices allow exporters to clinch...

Gold retreats as dollar gains on tight White House race

Gold fell 1% on a stronger dollar on Wednesday after the latest voting tallies from the U.S. presidential election showed a tight race, with President Donald Trump winning in Florida and leading in a...

Gold gains as dollar dips in run-up to U.S. election verdict

Gold rose on Tuesday as the dollar slipped and ambiguity regarding the declaration of U.S. presidential results prompted investors to seek the refuge of the safe-haven metal....

Codelco's China customers baulk at copper premium rollover, sources say

Chinese state-run copper buyers have not accepted Chilean copper producer Codelco's offer to roll over the price premium for metal deliveries in 2021, three sources with knowledge of the matter said...

Gold rises as pandemic worsens, U.S. elections in focus

Gold prices gained on Monday on uncertainty surrounding the outcome of Tuesday's U.S. presidential election, while a spike in global coronavirus cases exacerbated fears about an economic recovery,...

India buys more paddy rice after farmers protest new laws

India's new season paddy rice purchases from local farmers rose 21% by the end of October as New Delhi tried to allay farmers' concerns that new agricultural laws mean the federal government will stop...

Indian jewellers gear up for next festival as gold sales pick up pace

Healthy sales during a recent festival encouraged Indian jewellers to continue stocking up this week, while more supply started to make its way into Singapore and Hong Kong as dealers navigate around...

Ivory Coast struggling to sell 2020/21 cocoa mid-crop - sources

A pandemic-linked drop in global cocoa demand is hindering Ivory Coast's efforts to sell the remaining 500,000 tonnes of cocoa beans from its 2020/21 interim harvest, sources in the cocoa regulator ...

Rainfall, strong winds threaten Vietnam coffee harvest

Heavy rains and strong winds triggered by a typhoon hit Vietnam's key coffee growing region this week, posing a threat to the country's harvest, while the Indonesian market was tepid at the end of the...

India's gold demand could recover during fourth quarter on festival shopping - WGC

India's gold demand in the fourth quarter is expected to recover after falling 30% in the previous quarter as festivals are expected to strengthen retail jewellery purchases, the World Gold Council ...

Gold demand fell to its lowest in 11 years in the third quarter - WGC

Global demand for gold in the third quarter of 2020 was the lowest in 11 years, as a rush by investors to stockpile bullion slowed and central banks sold metal for the first time in a decade, the...

Miner Agnico beats quarterly profit on gold price surge, raises capex

Canada's Agnico Eagle Mines reported a better-than-expected quarterly profit on Wednesday, benefiting from a surge in gold prices and sales volume, and raised its capex forecast for the year as it...

Gold slides on dollar rally as U.S. stimulus remains elusive

Gold fell as much as 2% and silver nearly 6% on Wednesday as investors flocked to the dollar in the absence of signs of any imminent U.S. fiscal stimulus measures to ease the economic blow from the...