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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 fell on Friday with a trend to record weekly gains

11:59 am 2018-12-21

 Gold prices fell slightly on Friday and despite the retreat, oil is heading for a weekly gain of 1.7%, with a marginal gain for the dollar ahead of today's data on durable goods and GDP orders in the third quarter, as well as personal income and spending in the United States. While it is still too early to talk about the recession, the volatile markets and the Federal Reserve's monetary policy stance and continuing trade tensions have alarmed investors from the economic outlook, heading to 2019. More

Oil continues to return amid fears that the OPEC deal will not be implemented

10:33 am 2018-12-21

 Despite high oil prices in overnight trade as OPEC said it would cut production quotas more than expected for the year, optimism in early morning trade faded on Friday. Meanwhile, crude oil prices have been very volatile over the past week as market watchers are increasingly concerned about the outlook for global economic expansion and the threat of higher oil supply despite Opec + actions. Novak: December oil prices are not an indicator Russian Energy Minister Alexander Novak said on…More

Bank of England proves interest rates see inflation falling below 2 percent

01:23 pm 2018-12-20

Decision makers from the UK's central bank unanimously decided to keep their benchmark interest rate at 0.75% and the bond portfolio at £ 435bn. The expected movement, which was published on Thursday, coincided with the expectation that inflation will fall below the target of 2% "in the coming months" due to lower oil prices. The Bank of England said this shift should support demand in developed economies and noted the turmoil caused by the previous meeting of the Monetary Policy Committee. "The near-term outlook for global…More

Gold rises ahead of BoE update as dollar falls

01:00 pm 2018-12-20

 Markets favored precious metals and yen on Thursday, as investors continued to sell stocks amid concerns about the global economy. Britain's news is unknown, the consequences of the US-China trade war. Germany's sovereign bonds and the UK reduced most of the early gains. Gold and its asset class have helped the dollar fall significantly. Depreciation usually supports its value, making it more affordable for other currency holders. Risk aversion was particularly driven by the Federal Reserve's decision to raise interest rates and keep its…More

Oil is down after the Energy Information Administration report

07:59 am 2018-12-20

  Oil prices fell in the red zone on Thursday as the WTI futures index fell more than 2%, pulling all gains from the previous session as investors became worried again about the rise in global supply and the slowdown in economic expansion that could have a negative impact on demand . Investment incentives were eased from the Energy Information Administration (EIA) report as of yesterday, which reported a lower-than-expected decline in US crude stocks last week.  Energy Information Administration: US oil inventories fall by 0.5 million…More

Oil prices rebounded after three sessions of losses

11:40 am 2018-12-19

 Oil prices recovered on Wednesday after falling in the last three sessions on concerns about increased supply and deteriorating demand in the face of a global economic slowdown. As the focus shifts to economic concerns and trade tensions, OPEC and its allies have so far failed to stimulate the oil market. US Petroleum Institute estimates released yesterday evening showed US oil inventories unexpectedly increased 3.5 million barrels per day last week. That compares with analysts' expectations of a 2.4 million barrel drop, raising investor fears about oversupply, the official…More

Gold stabilizes ahead of US interest rate announcement

08:21 am 2018-12-19

 Gold prices settled on Wednesday in morning trade as traders awaited US interest rate data on Wednesday evening. As the Fed is likely to raise interest rates later in the day, but some expect the central bank to signal a lower rate of interest for 2019. Trump and the Federal Raising interest rates increases the opportunity cost of precious metals and pushing the dollar higher, something that US President Donald Trump fears more than ever before as he expressed his uneasiness by…More

Gold at highest level in a week

11:50 am 2018-12-18

 Gold prices rose slightly to hover near a one-week high on Tuesday as the dollar remained under pressure ahead of the Fed's main meeting, which will be held later in the day and end tomorrow. Gold prices have also been supported by a weaker dollar against most major currencies.  It is expected to announce its decision on interest rates on Wednesday, which is expected to rise. The US dollar is likely to remain the main driver of gold in the near term in the face of…More

Oil prices fell 2 percent on concerns of increased supply

08:49 am 2018-12-18

 Crude oil fell for a third straight session on Tuesday as concerns about global supply remained high despite Opec + agreement to cut oil production. Prices started to fall yesterday after the US inventory data provider Ginscape pointed to growing inventories at the nation's largest storage facility in Oklahoma last week, and the decline was further exacerbated after the US Energy Information Administration expected US rock production to rise in January. Earlier this month, OPEC and other key producers reached an agreement to cut output…More

Gold price stability in the US interest rate

11:23 am 2018-12-17

Gold prices stabilized on Monday as the dollar weakened against most major currencies as investors worried about slowing global economic growth.  This week's focus will be on the Fed meeting, where a less hawkish stance could provide an incentive to push gold higher towards resistance at $ 1262. While the Federal Reserve is expected to raise its fourth interest rate, questions have been asked about the number of increases that the Fed will spend in 2019. Especially given the increasing stock market volatility and deteriorating underlying background.…More

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