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Commodities news

A team of top news editors and analysts at Tradingpeek.com will provide a comprehensive coverage of important commodity news and influential economic reports that will make you aware of what is going on in the commodity markets, we update commodity news daily.

Commodities news

Oil continues to rise amid continued concern over Middle East tensions

12:30 pm 2019-05-17

Oil prices rose on Friday amid rising tensions in the Middle East. The report raised concerns that the world's largest oil producing region was heading for another war and oil prices were on the rise. The rise in oil prices came after Saudi Deputy Defense Minister and brother of the de facto ruler in the kingdom Khalid bin Salman on Twitter that Iran launched an unmanned drone attack on Tuesday. Earlier on Sunday, the Saudis said two oil…More

Gold and precious metals are mixed at the end of weekly trading

09:55 am 2019-05-17

     Gold held steady on Friday after a strong decline during Boom's session on Thursday as the dollar rose and investor appetite for high-risk assets rose thanks to strong US data and corporate results. US stocks fell and the Dow fell 100 points Stocks in the US fell in pre-market trading on Friday as tensions between China and the United States continued. Chinese state media have criticized Washington for its decision to include Huawei…More

Gold trades lower as stocks rise and trade tensions await

12:52 pm 2019-05-16

The precious metals trade fell during Thursday's trading after repeated attempts in the past few sessions to rise above $ 1300. Investors have been worried about how the US-China trade dispute has developed After Trump announced a national emergency due to threats against US technology in a move seen as targeting Huawei, a giant of Chinese technology. Wall Street futures are trading on the rise and the Dow is up 100 points More

Oil is trading in the green zone amid unrest in the Middle East

09:03 am 2019-05-16

Crude oil prices traded in the Green Zone on Thursday as investors closely watched rising tensions in the Middle East. It was the third consecutive day of oil price increases fueled by fears of supply cuts After Saudi Energy Minister Khalid al-Falih said earlier this week that two pumping stations on the Aramco oil pipeline in the country were "subjected to terrorist attack" by drones. The bombs. At the same time, some gains…More

Gold rising with new anticipation of US-China trade negotiations

11:28 am 2019-05-15

Gold prices rose on Wednesday as uncertainty over the future of US-China negotiations continued to disrupt global markets. As investors prepare for a new set of economic data. Traders will watch retail sales, industrial production and commercial inventories later in the day, while Vice President Richard Clida is due to speak. US stocks fall slightly in pre-market trading US markets saw a slight drop in pre-market trading on Wednesday, and investors' demand for the…More

Oil fell after the International Energy Agency report

08:57 am 2019-05-15

Crude oil prices traded in the red zone on Wednesday, as investors digested the monthly report of the International Energy Agency, which reported a drop in demand growth forecasts for 2019. According to the International Energy Agency. Oil demand was adjusted down to 1.3 million barrels per day. day. The worst-than-expected industrial output data from China also weighed on oil values. At the same time, market observers learned yesterday that the American Petroleum Institute announced a sudden…More

Oil settles anticipation of sabotage attacks in the Gulf and trade war

11:51 am 2019-05-14

Oil prices settled slightly higher on Tuesday as the United States and China struck a conciliatory tone on trade talks, and tensions in the Gulf did not seem to amount to military confrontation. US President Donald Trump said at a White House dinner on Monday he was optimistic about resolving the US trade dispute with China. We will tell you in three to four weeks whether this is successful or not, but I have a feeling…More

Gold is trading near its highest level in a month amid demand for safe haven

09:20 am 2019-05-14

Gold prices settled near a three-month high Tuesday after hitting $ 1303.26, the highest level since April 11. The escalating trade dispute between the United States and China prompted investors to seek safe haven. Wall Street futures rise after selling yesterday US stocks were in the green zone in pre-market trading on Tuesday as investors remained cautious after Wall Street sold yesterday due to fears of a trade…More

Gold settles and palladium, platinum fall by more than 1 percent

10:37 am 2019-05-13

 Precious metals traded in the early trading week as palladium fell more than 1% as traders watched the US-China trade war develop.   Prices of palladium and platinum rice have fallen more than 1% from the week in the red zone, with silver falling more modestly.Last week, the United States raised tariffs on 200 billion dollars of Chinese goods from 10% to 25%. Wall Street falls pre-marketing, trading in focus US…More

Oil rises after sabotage attack on Saudi tankers in Gulf

09:01 am 2019-05-13

Crude oil prices rose on Monday as investors focused on latest trade deals after the United States and China ended their last round of negotiations that ended without a deal on Friday. Investment incentives in the oil market remained strong despite persistent trade tensions that raised fears of economic instability. The traders also followed a statement by the UAE Foreign Ministry on Sunday that four merchant ships targeted "sabotage" near Fujairah, according to a statement published by…More

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