Analysis: Commodities

Gold prices subdued as traders await Fed rate outlook cues

Gold prices were flat on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve's interest rates. ...

Goldman Sachs expects OPEC+ production increases to start in December

Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on...

Gold holds below 1-week high ahead of US jobs data, heads for weekly gain

Gold held below a one-week high on Friday and was on track for a weekly gain, as market participants focussed on U.S. jobs data that could shape the size of an expected rate cut this month. ...

Gold lacks momentum as investors cautious ahead of US jobs data

Gold was little changed on Thursday as investors kept to the sidelines ahead of U.S. payrolls data that could provide more clues on the size of an expected rate cut this month. Spot gold...

Citi says 2025 oil prices could average $60/bbl without deeper OPEC+ cuts

If producer group OPEC+ doesn't reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said...

Gold steady as US payrolls data grabs limelight

Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest rates this year. ...

AI likely to weigh on oil prices over the next decade, Goldman says

Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable...

Goldman Sachs says 'go for gold' as China weighs on other commodities

Goldman Sachs believes gold has the highest potential for a near-term price hike due to its status as a preferred hedge against risk, while weak demand from China has led to a more selective, less...

Gold eases as traders wait for for US economic data

Gold prices fell on Tuesday, while investors awaited a slew of U.S. economic data to gauge the size of the Federal Reserve's expected interest rate cut this month. Spot gold eased 0.2%...

Gold slips on firm dollar; market focus turns to US jobs data

Gold prices dipped on Monday as the dollar strengthened, while investors awaited key U.S. jobs data to firm their bets on the size of Federal Reserve's interest rate cut expected this month. ...

Congo seeks new buyers for gold mined in eastern provinces

Democratic Republic of Congo is looking for new buyers of gold from its eastern territories after taking full control of Primera Gold which had an exclusive contract to buy and sell gold mined in the...

Indian dealers offer steeper discounts as high prices dent demand

Gold discounts in India widened this week to their highest in six weeks as a price rebound dampened purchases, while new import quotas failed to lift Chinese demand. In India, the...

Gold set for monthly rise; US inflation data in focus

Gold prices eased on Friday, but were on track for a second straight month of gains on rising bets of a Federal Reserve rate cut next month, while traders awaited key U.S. inflation data for...

Gold prices firm with US inflation data in focus

Gold prices gained on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while focus turned to a key U.S. inflation print. Spot gold was up 0.7% at...

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. ...

'Nature is punishing us': Drought imperils farmers and bees in Mexico's north

In the northern Mexican state of Chihuahua, residents and farmers have anxiously watched and waited for clouds to bring rain to refill dried-out dams, water wells and lagoons. They've waited so far in...

Gold eases as firmer dollar outweighs support from rate-cut bets

Gold prices edged lower on Tuesday following a slight recovery in the dollar, although losses were capped by investor optimism for imminent U.S. rate cuts and lingering concerns about the Middle East...

Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs, German industrial company BASF and two other banks agreed to pay $20 million to settle a nearly decade-old antitrust lawsuit accusing them of conspiring to suppress platinum and...

Gold holds ground on September US rate-cut expectations

Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after U.S. Federal Reserve Chair Jerome Powell's dovish remarks cemented expectations for a September rate cut. ...