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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 prices fell with the rise of futures for US stocks during Friday trading

10:28 am 2019-11-15

Gold prices fell on Friday as Wall Street rallied on expectations that the United States and China will finally resolve their trade dispute. Investors are also awaiting retail sales and industrial production results to be announced later today. Yesterday, Chinese customs said they would lift restrictions on imports of poultry meat from the United States and become effective immediately. The drop in gold prices came after White House economic adviser Larry Kudlow…More

Oil prices and Putin says OPEC + help stabilize oil markets

06:48 am 2019-11-15

Oil prices rose in Asian trade after falling yesterday, supported by optimism over the ongoing trade negotiations between the United States and China. Putin: OPEC + help stabilize oil markets and the global economy Cooperation between the Organization of Petroleum Exporting Countries (OPEC) and other major producers led by Russia within the OPEC coordination brings "stability" to the global energy market and the global economy, Russian President Vladimir Putin told…More

Oil prices fall on Wednesday on new US-Chinese trade concerns

02:05 pm 2019-11-13

  Crude oil futures eased on Wednesday as hopes that the United States and China could reach a trade deal faded soon after recent comments from US officials. US President Donald Trump has insisted that the two sides are close to the Phase I agreement, but failed to provide further details on the timing and warned that if no agreement is reached, he would "substantially" raise "tariffs" on Chinese products. Meanwhile, White House economic adviser Larry Kudlow said progress has been…More

Gold rallied slightly after Trump's comments on interest rates and China

09:35 am 2019-11-13

Gold prices rose as hopes for a trade deal between the world's two largest economies waned and market uncertainty increased after US President Donald Trump delivered a speech at the New York Economic Club yesterday, boosting demand for the precious metal as a safe haven. . Trump: The Fed is too slow with interest rate cuts US President Donald Trump said in his speech to the Economic Club in New York on Tuesday that…More

Oil trades higher as investors await Trump speech on Tuesday

11:12 am 2019-11-12

Oil prices rose on Tuesday after suffering at the start of the week on demand concerns. US President Donald Trump is expected to speak about trade later today when he addresses the New York Economic Club in a speech that traders hope will provide more information on progress with China. WASHINGTON (Reuters) - President Donald Trump has confirmed progress in negotiations with China and is nearing the signing of the first phase of a final trade deal, but said his administration had not…More

Gold fell with the rise of the dollar and futures of US stocks

10:00 am 2019-11-12

Gold prices plunged as the dollar rose marginally as further developments awaited trade negotiations between the world's two largest economies and political developments in Hong Kong. The president will also address the New York Economic Club later in the day in a speech the White House said will highlight "how his policies on tax cuts, deregulation, fair and mutual trade have supported the longest economic recovery in US history with a record low rate." Unemployment,…More

Gold prices rise due to uncertainty in the China-US trade deal

12:08 pm 2019-11-11

Gold prices rose slightly on Monday as investors worried about renewed trade tensions and a slowing Chinese economy. Inflation data from China brought fears of a slowdown. While China's consumer price index grew at its fastest pace in almost eight years, the producer price index fell the most in more than three years in October, underscoring the moderate demand problem. China leaves US talks early on sanctions dispute China will leave trade talks…More

Oil falls after the discovery of Iran's new field contains 53 billion barrels

08:10 am 2019-11-11

Oil prices extended losses on Monday after Iranian President Hassan Rouhani said his country had found a new field containing 53 billion barrels of crude oil. At the same time, investors will look to the US and China for progress in the new week-long trade talks. Rouhani: Iran has found a new oil field by 53 billion barrels Iranian oil workers have found a new oil field in the country, President Hassan…More

Gold prices are rising but heading for a weekly close on the red

09:52 am 2019-11-08

Gold prices rose during Friday's trading from the lowest level in three months and yet it is heading to record weekly losses, in light of trade optimism and gains of global stock markets. China and the United States have made progress in the trade talks, and there are possibilities for a gradual reduction of additional import tariffs as the partial trade agreement approaches. US Stocks Slightly Lower in Futures Trading Wall…More

Oil prices fell during the last weekly sessions on Friday

07:48 am 2019-11-08

Oil prices fell during early trading as investors assessed the developments of the trade war between the two largest economies in the world that affected the global demand for crude. In light of trade optimism and gains of global stock markets. Amid new hopes, the United States and China will reach a trade agreement for the first phase soon. The Chinese Ministry of Commerce said the two sides agreed to abolish current tariffs on each other's products…More

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