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Commodities news

A team of top news editors and analysts at 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

Gold is stable amid reports of a possible cut in the US interest rate

08:50 am 2019-06-04

With no significant change, gold prices have stabilized as a safe haven, with little change in early morning trade despite escalating trade tensions between the United States and China. The news, which confirmed that the United States reiterated its view that China was "backtracking" on key elements of a largely agreed trade deal that raised fears that the two sides were still far from agreeing on a trade deal. The United States also said China…More

Gold traded above 1310 dollar the highest level since March

09:20 am 2019-06-03

Spot gold traded more than $ 1,310 an ounce, the highest level since March as fears of global trade prompted investors to turn to gold and other assets. The Dow is down 150 points ahead of the market on concerns of a global slowdown The Dow Jones industrial average fell about 150 points on Monday in pre-market trading on Wall Street as investors worried about a further escalation of the Beijing-Europe trade war. Over…More

Oil prices continue to fall under pressure from global trade tensions

08:46 am 2019-06-03

Oil prices continued to ease on Monday as fears over the impact of the US-China trade war on global economic growth and demand for crude rose. In a white paper Sunday blamed on the United States, China blamed the collapse of trade talks and said it would not be pressured to make concessions. Al-Falih: American-Chinese trade war will affect demand for oil Saudi Arabia's energy minister said on Monday that continued…More

Gold reaches 1300 after the United States announced the Mexico tariff

02:57 pm 2019-05-31

The spot gold price traded more than $ 1,300 an ounce on Friday, reaching levels last seen in April as fears of trade tension surfaced in the wake of US President Donald Trump's decision to announce additional tariffs for Mexico from June 10 In response to illegal immigration from Mexico. Investors were also paying close attention to the economic data after Treasury bonds started trading on Thursday on the back of a slowdown in inflation…More

Gold rose to a two-week high and is heading for a weekly high

10:03 am 2019-05-31

Gold prices rose to a two-week high as trade war escalated after US President Trump said he would impose a 5 percent charge on Mexican goods from June 10 to prevent immigrants from entering the United States illegally. President of Mexico calls on the United States for dialogue on immigrants Mexican President Andres Lopez Obrador has called for a dialogue with US immigration stations after US President Donald Trump announced tariffs on goods…More

Oil prices continues to fall as US stocks fall slightly

08:25 am 2019-05-31

Oil prices continued to fall on Friday as US crude stocks remained strong. The US Energy Information Administration (EIA) reported a lower than expected drop in oil inventories in the country, which fell by 300,000 barrels last week. The report showed US crude production rose to a record 12.3 million barrels. Other downward pressure on oil prices came as a result of mounting trade tensions as US President Donald Trump announced new tariffs on Mexican imports from June 10.More

Gold and the rise of bonds and the dollar against major currencies

01:56 pm 2019-05-30

Gold prices fell on Thursday as bonds rose and the US dollar rose to a one-week high amid new concerns over US-China trade negotiations. A senior Chinese diplomat said on Wednesday that provoking trade disputes is "disgraceful economic terrorism," adding to the rhetoric against the United States. After warning Beijing may press its rare earth supplies to hit the United States, Chinese state media have now sent a dire warning to Washington: "Do…More

Oil rises as US stocks fall and tensions in the Middle East fall

08:33 am 2019-05-30

  Oil traded higher on Thursday after a report showed a larger-than-expected decline in US crude inventories, but fears that the US-China trade war could trigger an economic slowdown dampened gains. Trade tensions Ministry of Commerce spokesman Gao Feng said at a press conference on Thursday that the legitimate rights of foreign companies doing business in China will be protected, noting that cooperation is the only way to resolve current trade issues.More

Gold rises as demand for safe havens rises due to recession fears

10:00 am 2019-05-29

The price of precious metals rose during Wednesday's trading after yesterday's session fell as investors played risk aversion to signs of a war of trade, but the strong dollar curbed the metal's rally. The Dow fell more than 100 points as continued trade concerns Wall Street stocks were lower in pre-market trading on Wednesday on the back of trade tensions. Yesterday, the Dow fell more than 200 points as the yield on 10-year…More

Oil price falls amid fears of recession in the United States

07:56 am 2019-05-29

Crude oil prices fell for delivery in July on Wednesday as risk appetite fell in other sectors of the financial markets. As stocks fell after yields on US government bonds fell to a 20-month low, and the yield curve has been most reflected since the decade-long crisis, widely interpreted as a prelude to the recession. The German and the British also sank. On the other hand, regional tensions in the Middle East have eroded between Iran on…More

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