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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 falls on Tuesday as the dollar rebounded and stocks plummeted

10:44 am 2019-05-28

Gold prices tumbled Tuesday, falling for the first time in four sessions after touching its peak since May 17 at $ 1287.32. , As the dollar recovered from several-week lows amid rising Chinese-US trade tensions and the metal's failure to breach a strong technical resistance level. US Stocks Futures Flat After Holiday Wall Street shares were trading steady on Tuesday after a break for Memorial Day. Investors remain cautious as the Sino-US trade…More

Oil trading on the decline, Brent less than 70 due to concerns about supply

08:23 am 2019-05-28

Crude oil prices were in the red zone on Tuesday as Brent crude traded below $ 70 a barrel as market watchers remained concerned about rising oil supplies. Investment incentives have been cut as traders remain cautious amid continuing trade tensions between the United States and China. Iranian official boasted of oil exports "The United States and Canada have failed to replace oil from the Middle East in the…More

Oil divergence with WTI stabilizing and Brent crude rising

12:49 pm 2019-05-27

Brent crude futures rose on Monday after posting the biggest weekly drop in prices last week as US financial markets closed on holiday. With regard to the Middle East, US President Donald Trump said he was not looking for regime change in Iran, easing some concerns about geopolitical risks. Oil supplies from the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, have continued to support prices this year. Trump - not looking…More

Gold prices rise in quiet trading and holiday in US markets

11:04 am 2019-05-27

Gold prices rose to a high of $ 1290 to trade at their highest level in more than a week. With relatively quiet trading due to an official holiday for US markets, amid uncertainty over the course of trade tensions between Washington and Beijing. China said on Monday that trade negotiations with Washington should be based on "mutual respect", as US President Donald Trump expressed optimism about an agreement with Beijing. "We have always said that the…More

Palladium jumps 2 percent with platinum advancing 1 percent

10:52 am 2019-05-24

  Palladium rose more than 2% on Friday followed by platinum with a 1% increase, coinciding with a positive trading before the market in Wall Street stocks and European stock increases, which despite the continuing uncertainty in US-China trade relations, as well as woes British exit from the European Union. Prime Minister Teresa Mae set her departure date later in the day. In the meantime, it was said that MicroSoft decided to stop all deliveries to…More

Oil recovers some losses from the previous session with a bearish closing

09:11 am 2019-05-24

Oil traded more than 1% in the Green Zone early on Friday, recovering some of the sharp losses incurred during the previous session as low OPEC production and tensions in the Middle East boosted investment incentives. However, crude oil prices remained lower than 5% for the week after falling on Thursday amid concerns over escalating trade tensions between the United States and China and rising US oil inventories. The rulers…More

Gold Stabilizes and Declines Precious Metals as Trade Clash Continues

11:58 am 2019-05-23

Gold prices held steady on Thursday as the dollar received support from rising US-China trade tensions, and signs of a Federal Reserve meeting record that interest rates will remain unchanged. The Dow falls more than 250 points in the pre-market due to tensions in China Shares in Wall Street firms on Wall Street have suffered sharp losses as tensions between the United States and China continue. The United States is responsible for the "escalation"…More

Oil prices drop and Brent crude falls more than 1 percent

11:28 am 2019-05-23

Crude oil prices fell on Thursday after the latest Energy Information Administration (EIA) report indicated an increase in oil inventories in the United States. Inventories rose 4.7 million barrels last week, raising concerns about a possible continued rise in US oil supplies. Oil prices are heading for the first monthly loss this year after a dramatic surge in the trade dispute between the world's two largest economies puts the future of global growth at risk. More

Gold remains unchanged ahead of the US Federal Reserve report

10:41 am 2019-05-22

Gold prices settled on Wednesday after closing at a three-week low yesterday, as the Federal Reserve minutes awaited signs of the future of monetary policy. Market analysts expect the Federal Reserve to stabilize its monetary policy and stabilize interest rates as the row continues with the US president, who is seeking to cut federal interest rates Wall Street retreated from the market before the Chinese conflict continued Wall Street stocks fell on…More

Oil prices are trading lower as US inventories rise

09:09 am 2019-05-22

Oil trading fell on Wednesday after private data from the United States showed that the nation's crude oil stocks rose last week. US oil inventories jumped 2.4 million barrels to 480.2 million barrels, the US Petroleum Institute's weekly report said. Official data are set later today by the US Energy Information Administration (EIA). Reserves at the Cushing Industrial Center, Oklahoma, rose by 870,000 barrels. It is assumed that the update revealed a growth of 350,000 barrels in the…More

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