Commodities & Futures
By Parisa Hafezi and Yomna EhabDUBAI (Reuters) – Hopes are fading that Iranian President Ebrahim Raisi and his foreign minister have survived a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday after search teams located the wreckage. “We can see the wreckage and the…
Investing.com – With another day of gains in and futures, the Swiss group Julius Baer has decided to change its outlook on commodities to constructive. The group now believes that both metals have the potential for further increases, as stated in a note sent to clients and the market on…
Investing.com– Gold prices fell slightly on Friday, trimming some of their gains for the week as comments from a slew of Federal Reserve officials offered a more sobering outlook on interest rate cuts. The yellow metal had risen to nearly $2,400 an ounce this week in the immediate aftermath of some…
Investing.com– Oil prices moved little in Asian trade on Friday, but were headed for a mildly positive week as a softer dollar, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand. But crude markets were still grappling with mixed signals this week, after a major industry body lowered…
By Valerie VolcoviciWASHINGTON (Reuters) – Donald Trump would likely push to replace the head of the International Energy Agency if he wins the U.S. presidential election to shift the energy watchdog’s focus back to maximizing fossil fuel output instead of fighting climate change, according to people familiar with the matter.The…
By Emily ChowSINGAPORE (Reuters) -Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S., where data showed slower inflation than markets expected, bolstering the argument for an interest rate cut that could drive greater consumption. futures rose 32 cents, or 0.4%, to…
Investing.com– Gold prices steadied in Asian trade on Thursday after clocking strong overnight gains as some soft inflation data pulled the dollar to one-month lows and pushed up expectations of interest rate cuts. The yellow metal was now back in sight of record highs hit in May, as traders increased bets…
Investing.com– Oil prices rose in Asian trade on Thursday, extending gains from the prior session as a softer-than-expected U.S. consumer inflation reading brought down the dollar and ramped up hopes of interest rate cuts. A bigger-than-expected draw in U.S. inventories also fueled bets on tighter global supplies in the coming months,…
Since the start of the year, gold has risen 12.8% in US dollar terms, outperforming the by 2.8%, the by 4.3%, and long-dated US Treasuries by 20.4%. In a recent note, a financial research firm outlined four ways investors can gain exposure to rising gold prices.Gold prices rallyEarlier in 2024,…
Investing.com– Gold prices steadied in Asian trade on Wednesday, taking advantage of a softer dollar as markets hunkered down before key U.S. consumer inflation data which is likely to factor into the outlook for interest rates. Among industrial metals, copper prices rose to over two-year highs, as the prospect of tighter…
