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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

Precious metals jump with stocks falling

11:55 am 2018-12-04

 Gold crossed $ 1240 an ounce on Tuesday for the first time since October 26, as market sentiment moved to safer bets amid a sharp drop in equity markets. With precious metals in particular, and palladium at another record high of $ 1224.2 an ounce, for the fifth session in a row. The dollar fell significantly, helping to demand asset class.  US stock market futures pointed to a low start in Wall Street trading as investors remained skeptical that Washington and Beijing could reach a…More

Oil trading in the Green Zone ahead of the OPEC summit

07:16 am 2018-12-04

 Crude oil prices rose on Tuesday, extending gains from the previous session as investors continued to expect the upcoming OPEC summit in Vienna on Dec. 6. The outlook for oil producers' success in concluding an agreement to support prices has increased following remarks by Russian President Vladimir Putin over the weekend, during which he confirmed his country's intention to cooperate with the Kingdom in efforts to balance the market. Prices also benefited from announcing a 325,000 barrel-per-day supply cut in the Alberta area to absorb the increase in…More

Gold rallies as dollar falls after China-US trade deal

12:15 pm 2018-12-03

 Gold prices hit their highest level in three weeks on Monday as the US dollar weakened broadly after the United States and China agreed to a 90-day truce on the escalating trade war at the weekend meeting in Argentina. The dollar was in a weaker position after US President Donald Trump agreed to stop threatening to impose a 25-percent tariff on Chinese goods worth 200 billion US dollars from January 1. For its part, Beijing agreed to buy large quantities of agricultural products, energy, industrial and…More

Yuan at its highest level in a month after the China-US deal

08:48 am 2018-12-03

  The yuan jumped 1% on trade optimism, reaching a one-month high as the Chinese yuan jumped to a one-month high against the dollar on Monday, with more than 1% trading in the green zone after China and the United States agreed to halt their trade war. At the G20 summit in Argentina, US President Donald Trump and his Chinese counterpart Xi Jinping reached an agreement not to introduce any new protection measures in the next 90 days and pledged to work towards finding a solution to the existing trade…More

Oil jumps 5 percent as US-China trade tensions ease

07:59 am 2018-12-03

 Crude oil prices rose sharply in the Green Zone on Monday as investors followed news that the United States and China had agreed to halt their 90-day trade war. The WTI jumped 5%, while the benchmark Brent index rose more than 4.5% as market watchers grew more optimistic about global economic expansion expectations following a slight easing of trade tensions between the two world powers. Meanwhile, investment incentives also rose as traders continued to expect a meeting of the Organization of the Petroleum Exporting Countries (OPEC) scheduled for…More

Gold retreated and focus on Trump meeting and China president in the G-20

11:17 am 2018-11-30

 Gold prices fell in a limited trade on Friday as investors weighed mixed signals from US President Donald Trump on prospects for a trade deal with China. The precious metal was already under pressure after the Federal Reserve meeting minutes yesterday hinted that interest rates would rise again at the December meeting, which would strengthen the currency's strength. The record showed that Fed officials agreed at their last meeting that another interest rate hike "is likely to be justified soon," but expressed uncertainty about timing. …More

Oil rises after OPEC s satisfaction at 60 dollar a barrel

08:01 am 2018-11-30

 Oil prices rose in early trading on Friday as Brent crude headed towards $ 60, with the outcome of the G20 meeting expected. After a report to cut OPEC output As crude oil prices continued to trade green, extending gains earlier in the session on Thursday. After the prices of West Texas and Brent crude rose by 3% and 2%, respectively, after OPEC delegates said that the Organization welcomes the price price of $ 60 per barrel, as it strengthens its position on the provision of higher quotas.More

Sterling fell and May accepted the Labor leader debate

12:29 pm 2018-11-29

The British Broadcasting Corporation (BBC) confirmed on Thursday that British Prime Minister Theresa May agreed to participate in a live television debate on December 9 with opposition leader Jeremy Corbin in the British exit from the European Union. The debate will be held two days before the vote on the withdrawal agreement in parliament.  Chirp the press team for BBC News. "Like everyone else, we have just heard that the prime minister came before the BBC to participate in a debate on Britain's exit from the…More

Gold rose with the dollar falling after comments by Jerome Powell

11:01 am 2018-11-29

 Gold prices rose on Thursday morning in Asian trading and early European trading as the US dollar weakened as gold continued to rise after touching a two-week low earlier in the day as it gained momentum on expectations of a slowdown in interest rates. Powell's comments helped push the greenback lower Remarks by Jerome Powell US Federal Reserve Chairman Jerome Powell said Wednesday that the rates were "slightly lower" than the neutral level now. "Interest rates are still low by historical standards, and they are…More

Oil prices are rising despite the rise in US crude inventories

07:23 am 2018-11-29

Oil prices rose Thursday morning in Asia despite a jump in crude stocks and ahead of OPEC meeting next week in Vienna. As oil prices rose Thursday after falling yesterday, as concerns over demand continued as trade tensions awaited. Data from the Energy Information Administration showed yesterday that crude inventories in the United States rose 3.6 million barrels last week, exceeding expectations. On the other hand, the Nigerian Minister of State for Petroleum Resources and his counterpart in Saudi Arabia, Khaled Al-Faleh, said that the…More

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