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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 rises to a one-week high as global tensions increase

09:29 am 2019-05-08

Gold prices rose to a one-week high Wednesday as risk appetite eased amid renewed concerns over the US-China trade dispute and its possible implications for global growth. US markets are due to open as tensions mount in Iran Trade on the Wall Street market posted an open rally ahead of Wednesday after Iran announced it was withdrawing from parts of the joint comprehensive action plan in response to the European Union's failure to circumvent US…More

Gold rises as trade tensions increase between China and the United States

10:45 am 2019-05-07

The precious metal rallied during Tuesday's trading with a strong return of tensions between the United States and China over the war on trade and trade tariffs. Trump's announcement made the future of months-long negotiations uncertain early on Monday, while the possibility of prolonging the continuing trade row between the world's two largest economies has exacerbated stock markets around the world. However, it was confirmed Tuesday that Chinese Vice Premier Liu He will travel to Washington on…More

Crude Oil Rises as United Stats-Iranian Tensions Rise

09:25 am 2019-05-07

Oil traded higher on Tuesday after a number of reports of increased Saudi production as well as a volatile Gulf situation as US-Iranian tensions escalated Saudi oil production depends on OPEC and Russia Saudi Arabia will not increase its oil production unless it agrees to such a move with other members of the Organization of Petroleum Exporting Countries (OPEC) and Russia, OPEC sources told the Energy Agency. In addition, the sources pointed out that expectations that there is…More

Oil falls amid China tariff and Iran threats

10:35 am 2019-05-06

Crude prices fell to their lowest level since early April after warnings from US President Donald Trump that Washington would increase tariffs on Chinese goods worth 200 billion dollars. Trump said on the popular social networking site Twitter that the United States will raise tariffs on Chinese goods by 10% to 25%, apply the 25% tariff on imports with a value of 325 billion dollars, and trade negotiations between the two countries have reached a standstill. In response, there were…More

Trade war is driving the precious metal up

09:18 am 2019-05-06

Gold traded with gains on Monday as investors switched to safe assets as fears of a trade war intensified amid new tensions between the United States and China. During the weekend, US President Donald Trump announced plans to raise China's import tariffs by $ 200 billion from 10% to 25% later this week. However, Beijing indicated it intended to continue trade talks with Washington despite Trump's comments, noting that similar threats had been made in the past. Concerns…More

Gold is on the decline ahead of the US jobs report

11:39 am 2019-05-03

Gold prices held steady near four-month lows on Friday as Federal Reserve Chairman Jerome Powell dissipated hopes of a rate cut, saying inflation in the United States could be "temporary." The Dollar is holding firm ahead of the most important US jobs report scheduled for later in the day as analysts expect employment to increase by 185,000 in April after 196,000 jobs in March. Unemployment is expected to reach 3.8%. Treasury bonds fall ahead…More

Oil retreats at the end of weekly trading ahead of the Baker Hughes report

09:22 am 2019-05-03

Oil prices continued to drop after hitting their lowest level in almost a month, ignoring the tightening of US sanctions on the Iranian energy sector, The data released this week showed that US crude stocks reached their highest level in two years, above 470 million barrels, while Russia did not succeed in reaching the level of production reduction target in April, according to "Bloomberg." Iran's Zanganeh: OPEC may collapse …More

Gold at its lowest level in a week after the Fed's decision

11:57 am 2019-05-02

Gold prices fell on Thursday to a one-week low after the US Federal Reserve indicated little interest in cutting interest rates anytime soon, boosting the dollar and Treasury yields. The stock market is set to rebound slightly as it opens on Thursday after sliding on Wednesday in response to some of the Fed's strong love. The Federal Reserve kept interest rates steady on Wednesday, as was widely expected, but has reduced concerns about…More

Oil falls as US exemptions for Iranian oil importers go into effect

08:32 am 2019-05-02

Crude oil prices were trading in the red zone on Thursday, extending losses from the previous session after the Energy Information Administration  report, which revealed a larger-than-expected rise in inventories yesterday. Investment incentives have been cut as the surge in crude oil inventories was reported at 9.9 million barrels in the last week of April. However, the continuing political turmoil in Venezuela, as well as continuing sanctions against both Caracas…More

Oil prices fall as US inventories rise

10:52 am 2019-05-01

  Oil prices fell on Wednesday after rising US crude stocks and amid concerns about global demand. However, the downside was limited due to the worsening of the crisis in Venezuela and the tightening of US sanctions against Iran. Trump threatens Cuba because of interference in Venezuela US President Donald Trump has accused Cuba of providing military aid to the Venezuelan government in the ongoing unrest on Caracas Street, threatening the island nation with additional sanctions if they refuse…More

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