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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

Gold price divergence awaiting Fed meeting

11:53 am 2018-11-28

 Gold prices were mixed on Wednesday, as the safe haven of the US dollar continued as the Fed headed for a rate hike and a new threat from Washington to impose tariffs on more Chinese imports. The Dollar rallied broadly after Federal Reserve Chairman Richard Clarida reiterated the need for further rate hikes, but warned that the tightening track would be data-driven. The focus now shifts to Federal Reserve Chairman Jerome Powell's speech later in the day and the minutes of the Fed meeting on…More

Oil rose despite the US Petroleum Institute report

07:58 am 2018-11-28

On Wednesday morning, oil prices continued to rise, despite estimates by the US Petroleum Institute (API), which showed a drop in gasoline stocks and a rise in US crude inventories, and supported by a report that showed analysts' expectations of OPEC producers and their independent producers to cut output.  Tramp and his Chinese counterpart, Xi Jinping, are expected to meet at a dinner in Buenos Aires on Saturday evening to resume trade talks despite the gains made today, but oil prices have lost nearly 30% Of its value…More

Gold fell ahead of the upcoming Trump and Xi Jinbig meeting

11:06 am 2018-11-27

 Gold prices tumbled Tuesday as the dollar stabilized as trade tensions awaited after US President Donald Trump said on Monday he expected to continue raising tariffs on Chinese goods worth $ 200 billion to 25 percent. China hopes the Trump-Xi Jinping talks will be useful The Chinese Foreign Ministry on Tuesday called on the United States to work towards a positive outcome of the meeting between US President Donald Trump and the Chinese Xi Jinping Conference in Buenos Aires this week at the G20 summit.More

Oil fell after a two-month high

07:40 am 2018-11-27

  Oil prices tumbled Tuesday after rising at a two-month high as oil producers prepared to hold discussions on production policy. Crude oil prices rose sharply on Monday, as the market recovered from recent sell-offs during the session, when oil fell more than 6%, boosted by fears of oversupply. However, supply concerns persisted, with Saudi Arabia recording record production of about 11.3 million bpd in November. Markets are eyeing the G20 summit this week in Argentina, where policymakers will discuss the future of oil prices. US…More

Gold rises ahead of G20 summit

12:10 pm 2018-11-26

  Gold prices rose on Monday as investors shifted their focus towards the upcoming G20 meeting over the weekend. Wall Street futures are making significant gains after suffering last week US stock index futures opened higher on Monday after the horrendous losses last week. Stocks are expected to rise sharply at the opening bell as oil prices soar with Brent crude futures up above $ 60 a barrel earlier in the day. In addition, online sales hit a record high this weekend, rising 23.6%…More

Oil rises, Brent rises again above 60 dollar a barrel

07:18 am 2018-11-26

 Crude oil prices traded in the Green Zone on Monday, offsetting some of the losses suffered during last week's sell-offs due to fears of oversupply. After falling to a one-year low on Friday. Oil prices rebounded on Monday in Asia after falling 8% on Friday amid fears of weak demand pressures that could create plenty next year. Brent crude futures rose above $ 60 a barrel. However, crude oil prices remained below 20% last month. The gains did not make up for Friday's selloffs,…More

Gold is down in European trade on holiday

12:21 pm 2018-11-23

Gold fell in Friday's trading but is heading for a second straight gain as the dollar falls as the US-China trade dispute looks ahead to the G20 summit next week. And watching the political situation in Europe Market Trading US equities futures opened higher on Friday as market participants prepared for the half-day session during the holiday season. On the front of the commercial war, investors are keeping track of developments in the negotiations between Washington and Beijing. The two countries are expected to…More

Oil prices continued to fall as they headed for weekly losses

07:38 am 2018-11-23

Oil prices remained weak on Friday morning in Asian trading amid market fears of oversupply as crude oil retreated during morning trade Markets kept the bearish momentum despite comments by Saudi Energy Minister Khalid al-Falih on Thursday evening that his country's production of oil rose in November compared to the previous month and is now higher than 10.7 million barrels per day. However, he added, Saudi Arabia would adjust its production because it did not intend to flood the oil market with supply. Saudi Arabia has already…More

Gold rallies as dollar falls ahead of Thanksgiving holiday

01:53 pm 2018-11-22

Gold prices remained flat on Thursday in Asia due to reports that the Federal Reserve may consider suspending the interest rate hike. Despite various reports from analysts Goldman Sachs Bank, which predicted that interest rates will be raised 5 times in 2019. After the Federal Reserve decided to raise the federal funds rate three times so far in 2018, three times in 2017 and once in 2016 , But Goldman Sachs says it still has five interest rate hikes. An analysis by Goldman Sachs predicts that the Federal Reserve…More

Oil stabilized with rising US inventories and the decline of drilling platforms from Baker Hughes

08:33 am 2018-11-22

  Oil prices stabilized on Thursday morning in Asia as US crude inventories rose to an 11-month high. US crude oil inventories rose 4.9 million barrels to 446.9 million barrels in the week ending Nov. 16, the US Energy Information Administration said Wednesday. The average crude oil input was 16.9 million barrels per day during the same week, up 423,000 barrels from the previous week's average. Refinery works at 92.7% of its production capacity. At the same time, gasoline production was lower than the previous week,…More

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