Analysis: Commodities

EU launches WTO challenge against China's European dairy subsidies probe

The European Commission on Monday said it had launched a legal challenge at the World Trade Organisation against the initiation by China of an anti-subsidy investigation against imports of certain...

US rate cut, geopolitical woes lift gold to record high

Gold extended gains to scale a record high on Monday, driven by the momentum generated by the Federal Reserve's interest rate cut and safe-haven demand due to geopolitical risks in the Middle East. ...

Chinese court declares another Sinochem refinery bankrupt

A Chinese court on Friday declared bankrupt a third refinery owned by state oil and chemical group Sinochem, a court document showed. The Changyi city court also ended reorganization...

Global equity funds draw big inflows ahead of Fed rate cut

Global investors scooped up equity funds in the week to Sept. 18, anticipating the Federal Reserve's interest rate cut to initiate its long-awaited reduction cycle. According to LSEG...

Gold prices near record, set for weekly gains on Fed rate-cut boost

Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent oversized interest rate reduction and on signs that further cuts were on the...

ICE Review : Canola Slightly Lower After Choppy Trade

WINNIPEG, Manitoba--The ICE Futures canola market moved back and forth before ending lower despite mostly positive sentiment in comparable oils. One trader said Thursday canola could be pivoting...

India to produce more rice this year despite heavy rains, minister says

India's rice production this year will be higher than last year despite heavy rains and flooding in some states, Agricultural Minister Shivraj Singh Chouhan said on Thursday. The...

Chevron CEO Says Only Politics Can 'Get in the Way' of Natural Gas -- OPIS

HOUSTON -- The Biden-Harris administration policy is getting in the way of a lower carbon future with its attempt to pause permitting of new LNG export projects, said Chevron Chief Executive Officer...

Gold takes breather with Fed rate verdict in focus

Gold prices held steady on Tuesday after hitting a record high in the previous session, while focus shifted to the U.S. interest rate verdict, with many investors leaning towards a...

Commodities overview: Gold maintains Olympic form

Every week, the commodities overview reviews the latest developments on the commodities markets in a bid to gain a better understanding of the price variations in energy, metals and agricultural...

Gold prices at all-time highs as traders eye deeper US rate cut

Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate reduction by the U.S. Federal Reserve this week. Spot gold was up 0.5%...

Strong winds fan dozens of fires in Russia's Rostov region, governor says

Strong winds fanned fires sparked by downed power lines and carelessness in multiple settlements across Russia's southern Rostov region, Governor Vasily Golubev reported on Sunday. Since...

Gold bulls set sights on previously dismissed record $3,000/oz milestone

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S....

A golden Fed cut

A look at the day ahead in U.S. and global markets by Amanda Cooper. What a difference a day makes. Just 24 hours ago, investors were coming to terms with the idea that a half-point rate...

Gold rallies to record high on US rate-cut optimism

Gold prices soared to an all-time high on Friday as the dollar weakened amid the prospect of a reduction in U.S. interest rates, while palladium has gained 15% so far this week. Spot...

India's August retail inflation above economists' expectations at 3.65% y/y

India's August retail inflation was slightly higher than economists' expectations on the back of a sharp rise in vegetable prices, according to government data released on Thursday. ...

Sibanye to cut US mines' output by half as losses persist

South African miner Sibanye Stillwater said on Thursday it will roughly halve its annual U.S. mined platinum and palladium production by 200,000 ounces in the face of low metal prices that pushed it...

Zimbabwe blueberry farmers chase booming demand, face funding woes

STORY: Zimbabwe's farmers are betting on blueberries. The country is one of the fastest growing producers globally, with demand for the fruit booming. But farmers are...

Gold edges higher as US inflation data looms

Gold prices inched higher on Wednesday as the dollar eased, with traders' attention turning to key U.S. inflation data that may influence the Federal Reserve's next policy decision. Spot...