Commodities

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...

Gold hovers near 1-month low ahead of US data, Fed speakers

Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory....

India's rice inventories hit record high, triples govt target

India's rice inventories surged to an all-time high of 29.7 million metric tons in November, sources said on Friday, nearly three times the government's target, as export curbs imposed over the past...

Gold ticks lower but holds near key $2,700 level

Gold prices eased on Friday but hovered around the $2,700 level, as traders assessed the impact of Donald Trump's presidency and its implications for the U.S. interest rate outlook. Spot...

Barrick sees deal with Mali over new mining code before year-end

Barrick Gold, the world's No. 2 miner, is confident of concluding talks for a new mining code with Mali's junta-led government before the end of the year, CEO Mark Bristow told Reuters on Thursday. ...

Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply, Russell Hardy, CEO of Vitol, the world's...

Citi Sees Pressure on 2025 Oil Prices Under Trump

By Anthony Harrup A second presidential term for Donald Trump is likely to keep oil prices under pressure in 2025 by easing regulations on U.S. producers and potentially spurring the Organization...

ICE Canada Weekly Outlook : Price Trends Point Sideways as Resistance Counters Support

WINNIPEG, Manitoba---The ICE Futures canola market traded within a wide C$30 per tonne range during the first week of November, with the nearby price trends pointing sideways. There are a lot of...

Gold holds steady as market awaits US election outcome

Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race. Spot gold held its ground at $2,745.42 per ounce, as of 0218 GMT....

Commodities: Escalation or de-escalation?

Every week, our commodities overview reviews the latest developments on the commodities markets, to give you a better grasp of price variations in energy, metals and agricultural commodities.

Gold sluggish ahead of US election and Fed meeting

Gold traded in a narrow range on Tuesday as investors stayed away from taking big positions ahead of the U.S. presidential election and the Federal Reserve policy meeting later this week. ...