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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 as the dollar rose to its highest level in several months

11:35 am 2018-11-12

 Gold prices settled near a one-month low on Monday as the dollar traded near a 16-month high on expectations of a Fed rate hike next month. The Dollar is up against the major currencies As the dollar remained on strong ground after Federal Reserve officials hinted last week that rates were likely to rise in December despite recent financial market tensions. The dollar rose as the pound fell on Monday, as investors became wary of the EU and UK publication to reach…More

oil prices Rising amid reports of cut production

07:20 am 2018-11-12

Oil prices rose more than 1% on Monday after reports that Saudi Arabia announced plans to cut oil supplies for December. Where oil prices continued to decline strongly during the month of October, losing about 20 percent of its value, just before the US mid-term renewal with the US president's insistence on pressure on the producer country to increase production and on the other hand to allow eight countries to continue to supply oil in limited quantities of crude for six months Others are at least Iranian despite…More

Gold fell after the Fed decision

08:25 am 2018-11-09

 Spot prices for most precious metals recorded a decline on Friday, defying stock falls in the Asia-Pacific region. Where safe haven assets fell to red On Thursday, the Federal Reserve reaffirmed expectations of a rate hike in December, maintaining its confidence that "economic activity was rising at a strong rate." US GDP growth averaged 3.3% during the first three quarters of 2018, and market growth in the last three months was almost 3%. Standard bonds issued by the governments of Germany and the United States…More

Oil stability during the last trading week

07:44 am 2018-11-09

 Brent crude prices rose as US crude fell on Friday as supply remained high and fears of slowing global economic growth dampened demand. Both Brent crude and WTI crude fell about 20 percent from a four-year high reached in early October. US-China trade relations received some focus after Chinese President Xi Jinping said on Thursday before meeting with his US counterpart Donald Trump that Beijing wants to solve problems with the United States through talks, but Trump must respect China's choice of development path Interests. . More

Gold fell ahead of the Federal Reserve decision

12:08 pm 2018-11-08

 Gold prices fell on Thursday and the dollar traded in a tight range as uncertainty in an election in the United States faded Investors drew attention to the monetary policy announcement from the Federal Reserve, scheduled for later in the day. No change in the Fed's price is expected, but traders will be looking for new evidence on whether there will be a rate hike in December. Positive trade data from China are pushing gold prices down. China's exports and imports increased more-than-expected in October,…More

Oil stability amid reports of price hike in 2019

07:26 am 2018-11-08

 Oil prices held steady on Thursday, but US crude is still near eight-month lows, after closing at $ 61.67, the lowest since March. After rising US oil inventories, indicating an oversupply of markets. Amid reports that the intention of "OPEC" and Uusia cut production during the next year due to the continued supply abundance Trump: Oil prices are down because of me Earlier in the day, US President Donald Trump said oil prices were "falling" because of him, once again eating…More

Gold rose as the dollar fell after the Democrats took control of the US House of Representatives

11:13 am 2018-11-07

  Gold rises as dollar falls after Democrats dominate US House of Representatives, which will be a major revision of Trump bills and Trump's way of winning Where gold prices rose Wednesday as the dollar fell after the midterm elections of Congress, which showed Democrats win the majority of the House of Representatives, and the control of the Republicans to the Senate. Democrats were able to overthrow the House of Representatives, while Republicans boosted their majority in the Senate in this closely monitored mid-term election. …More

Oil has fallen in supply and Iran sanctions have declined

08:06 am 2018-11-07

Oil prices fell on Wednesday, continuing to fall since October after expectations of the US Petroleum Institute's report showed that US crude stocks were larger than expected. Eight countries were temporarily exempt from US sanctions on Iranian oil. US crude inventories expanded 7.83 million barrels last week, the largest build in five weeks, compared to an average of 2 million barrels in the Bloomberg survey, the US Petroleum Agency said. The US government expects to increase domestic crude production at the highest annual pace ever, with the…More

Gold Falls and Dollar Rise ahead of US Midterm Elections

08:48 am 2018-11-06

 Gold prices fell while the dollar rose slightly on Friday ahead of US midterm elections later in the day as analysts expected the Republicans' victory to boost the dollar and commodity prices  US midterm elections At the midterm elections, US intelligence agencies said they found no indication that the electoral structure was compromised before the election. "At this time we have no indication of the waiver of electoral infrastructure in our country that would prevent voting, changing votes, or disrupting the…More

Oil is declining with several countries allowed to supply Iranian oil

08:16 am 2018-11-06

Crude prices traded in the red zone on Tuesday after several countries received exemptions from Iran's sanctions, which went into effect on Monday. Washington has made concessions to eight countries - China, India, Turkey, Greece, South Korea, Japan, Italy and Taiwan - which allowed countries to resume Iranian oil consumption for 180 days.   The United Kingdom and Norway are committed to a comprehensive joint work plan Iranian Foreign Minister Mohammad Javad Zarif held separate telephone talks with his British and Norwegian counterparts to discuss…More

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