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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 rises due to supply concerns ahead of OPEC meeting and anticipation of Saudi output

12:27 pm 2018-09-21

 Oil prices rose on Friday after falling the previous day as US President Donald Trump urged OPEC to cut crude prices, days before the OPEC meeting in Algeria. Prices remained buoyed by concerns over supply shortages amid looming US sanctions against Iran's oil industry, which is due to come into effect in November. Trump on Thursday called on the Organization of the Petroleum Exporting Countries (OPEC) to cut oil prices, saying on Twitter. "We protect the Middle East, they will not be safe for a long time…More

Gold is heading for a positive weekly close as the dollar weakens

09:53 am 2018-09-21

Precious metal traded above $ 1200 / ounce levels. Most of the week and looks forward to moving forward against the background of the weakness of the US dollar during the last weekly trading. Where gold prices rose on Friday and is expected to record its first weekly gain in four, Yesterday, spot international gold prices rose 0.36 percent to close at 1206.8 Gold prices fell by 0.009 percent over the same time frame. On Thursday, the dollar fell 0.7 percent, leading to higher gold prices. More

Gold Falls and Expectations to Raise US Interest Rates

10:52 am 2018-09-20

Gold Falls and Expectations to Raise US Interest Rates Gold prices fell on Thursday despite a weaker dollar amid volatile trade concerns as investors awaited economic data later in the session and look to the Federal Policy Session next week. Where The precious metal fell about 11.6% from a high in April due to escalating trade disputes between the United States and China and rising US interest rates as a catalyst for gold selling. Which affected the trading of bonds and shares Trading in German…More

Oil prices diverge and Iran threatens to veto OPEC

09:33 am 2018-09-20

 Oil prices were mixed on Thursday, while US crude rose for a third consecutive session, helped by weak double-digit inventories, which announced heavy price hikes. Iran threatens to oppose OPEC's quota system change Bijan Namdar Zankana, Iran's oil minister, told the press that $ 80 per barrel of Brent crude was "appropriate" and estimated that the price would not rise. He added that the United States and "some" members of the Organization of the Petroleum Exporting Countries (OPEC) will prevent further pumping more oil. The…More

Gold holds modest daily gains, above 1200 dollar per ounce as the dollar slides

12:50 pm 2018-09-19

 Gold recovered some positive appeal on Wednesday and is currently trading above the $ 1,200 level near the upper limit of the narrow three-day trading range. Gold prices have been under pressure since the beginning of the year and have fallen 12% since April amid rising interest rates…More

Crude oil prices rise after US inventories rise

09:56 am 2018-09-19

  Oil prices remained flat on Wednesday as US crude inventories rose more-than-expected. US API data showed Tuesday that US crude inventories rose by 1.2 million barrels to 397.1 million barrels in the week ending Sept. 14, compared with a market forecast of 2.7 million barrels. Maduro: Venezuela doubled oil exports to China Venezuelan President Nicholas Maduro said China will help the country's…More

Gold fell after China is tariff peaks

01:34 pm 2018-09-18

  Gold prices fell on Tuesday despite the US announcement that it would impose 10% of China's $ 200 billion customs duties on Chinese goods. US President Donald Trump said in a statement on Monday that the United States is imposing 10 percent customs duties on Chinese goods worth 200 billion dollars and that the tariff will rise to 25 percent in January 2019. Trump added that "if China takes retaliatory measures against our farmers or industries Other, we will immediately follow the third phase, which is tariffs on…More

Low oil prices as the US-China trade war intensifies

09:14 am 2018-09-18

 Crude oil futures traded losses on Tuesday as investors expected a trade war between the world's biggest oil consumer and one of the biggest producers, the United States and China, to lead to a drop in demand for the commodity. Trade tensions between the two countries intensified after US President Donald Trump announced a new round of tariffs on Chinese imports worth $ 200 billion, to which Beijing responded countermeasures, due to come into force on September 24, the same day as US tariffs. In the meantime, an…More

Oil prices rise as trade tensions mount

10:28 am 2018-09-17

 Oil prices rose slightly on Monday as lower supplies in Iran and trade tariffs put pressure on markets. As well as the Energy Agency report and investors were looking to impose sanctions on Iran However, the Paris-based organization warned that Iran's sanctions, which are expected to come into effect in November, May increase the market's tightness. At the same time, OPEC warned that growth in oil demand will slow in 2019 due to trade tensions and turbulence in emerging markets. The Organization of the Petroleum Exporting Countries (OPEC)…More

Gold prices steadied and the dollar fell amid a surge in trade war

07:54 am 2018-09-17

 Gold prices on the New York Mercantile Exchange are steady as they find it difficult to extend the recovery beyond the $ 1,200 barrier as bulls are not vital before announcing the looming US tariffs on China, which are likely to refuel The latter through the decline of the US dollar through its main rivals. The precious metal rose during Asian trading from a low of $ 1197.50 as the dollar stopped rising on Friday and entered a consolidation position near two days from 95.00. More

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