Analysis: Commodities

Zimbabwe economic growth rate to rebound to 6% this year, IMF says

NAIROBI -Zimbabwe's economic growth is expected to rebound to a 6% rate this year, the International Monetary Fund said, citing improving agricultural production, record-high gold prices and robust...

Gold slips from record peak on caution from Fed's Logan

Gold prices fell nearly 1% on Thursday, retreating from a record high hit earlier in the session, after Federal Reserve Bank of Dallas President Lorie Logan urged caution on further interest rate...

Commodities: Copper prices soar amid supply tensions

Every week, the commodities overview reviews the latest news in the commodities markets in order to better understand the price fluctuations of energy, metals, and agricultural commodities.

Indonesia's state farm company to invest nearly $500 million to boost rice output

JAKARTA -Indonesia's newly-launched state farm company plans to invest 8 trillion rupiah until the end of next year to build production capacity by buying modern farm equipment and adding rice...

Gold falls from record high on profit-taking; set for best month in 5 years

Gold fell on Tuesday as investors booked profits after prices hit a record high earlier in the session, while concerns about a looming U.S. government shutdown and increased bets of a Federal Reserve...

South African rand buoyed by record gold prices ahead of local data

JOHANNESBURG -South Africa's commodity-backed rand rose on Monday on higher gold prices, while traders eyed a slew of local economic data that could offer clues on the health of Africa's largest...

Commodities: Gold widens the gap

Every week, our commodity overview reviews the latest news in the commodities markets in order to better understand the fluctuations in the prices of energy, metals, and agricultural commodities.

Asian stocks reverse losses as China tech roars back

SINGAPORE -Stocks in Asia rebounded on Wednesday, shaking off earlier Wall Street-led losses as renewed enthusiasm for artificial intelligence and semiconductors breathed fresh life into China's...

Zijin Gold delays Hong Kong listing by a day due to typhoon

HONG KONG -China's Zijin Gold International said on Wednesday it was delaying its Hong Kong listing debut by a day to September 30 due to a super typhoon sweeping through the city and disrupting...

Ghana study warns of hazardous toxin levels linked to mining as artisanal gold output soars

DAKAR -A boom in artisanal gold mining in Ghana has driven mercury contamination to dangerous levels in host communities, with soil readings in some areas reaching 134 times amounts deemed to be...

High rice prices jolt Indonesia consumers despite good crop, hefty stocks

JAKARTA -Indonesian rice prices hit record highs recently despite a bumper harvest and vast stockpiles after the government raised its purchase price and lowered state-procurement quality standards,...

Malaysia cuts savings estimate from fuel subsidy change to around $950 million annually, report says

KUALA LUMPUR -Malaysia may save up to 4 billion ringgit annually from its move to adjust subsidies for the widely used RON95 transport fuel, state news agency Bernama reported, citing the country's...

Historic gold rally: what is driving the price surge?

Gold prices reached a new high on Monday at $3,728 per ounce, extending a spectacular surge that has seen the precious metal double in value since the end of 2022. Buoyed by a climate of geopolitical...

India premiums hit 10-month high as festive season draws near; China discounts widen

Physical gold premiums in India rose to a 10-month high this week as record prices near a festive season failed to deter investors from buying bullion in anticipation of further gains, while discounts...

Gold uptrend intact, but due for correction before topping $4,000 in 2026

New Delhi -Gold's stellar rally to successive record highs shows every sign of continuing for the rest of the year, but a healthy correction is on the cards before breaching the $4,000 per ounce...

Kazakh miner Solidcore expects gold rally to offset output decline

MOSCOW -Kazakh gold miner Solidcore Resources expects high gold prices and stock sales to offset most of a production decline caused by sanctions-related disruptions to concentrate shipments to...

China seeks feedback on plans to streamline gold import rules

BEIJING -China is seeking public feedback on a proposal to make it easier to import and export gold and gold products by streamlining the licence system, its central bank said on Friday. ...

Gold set for fourth weekly gain on soft US data, Fed rate outlook

Gold prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal...

Barrick exits Canadian gold mining with over $1 billion Hemlo sale

Barrick Mining said on Wednesday it will sell its last producing Canadian gold mine, Hemlo, to Carcetti Capital for up to $1.09 billion. Hemlo has produced more than 21 million ounces of...