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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

Prices of precious metals are rising with the demand for safe havens

10:15 am 2019-09-16

Gold rose to trade above $ 1510 an ounce, following terrorist attacks in Saudi Arabia on the Aramco factories. On Saturday, drone attacks on Saudi Arabia's largest oil processing plant sharply raised world oil prices and reinstated the specter of retaliation. The United States has accused Iran of being behind drone attacks on Saudi oil facilities.   Gold prices rose higher as further interest rate cuts were expected from the US Federal Reserve…More

Oil prices rise after falling more than 5% of global supply.

08:39 am 2019-09-16

Oil prices rose on Monday after an attack on Saudi oil facilities on Saturday led to losses of more than 5% of global supply. In the aftermath of the attack on Aramco, a group of Houthi drones in Yemen Meanwhile, US President Donald Trump authorized the release of crude from the strategic oil reserves. Yemeni Houthi rebels have declared the attack on Aramco and said more attacks could be expected. But the United States has blamed Iran for…More

Gold prices rise as the dollar weakens and US stocks decline

01:02 pm 2019-09-13

Gold prices rose on Friday, a day after the European Central Bank cut interest rates for the first time since 2016, and unveiled a comprehensive stimulus package to boost growth in the troubled euro zone. US President Donald Trump said he could consider a temporary trade deal with China before high-level negotiations in October. US stocks decline in pre-market trading Wall Street stocks fell in early trade ahead of Friday on optimism over US-China…More

Oil prices stabilize after last session's decline after OPEC meeting

08:09 am 2019-09-13

Oil prices stabilized after falling in yesterday's trading session to move towards a weekly loss, following the warning of the International Energy Agency in its monthly report of facing a surplus in the market next year. In its monthly oil market report released on Thursday, the International Energy Agency said increasing oil supplies from the United States would make the market balance "daunting" in 2020.  OPEC seeks to prevent abundance amid rising US production and slowing global…More

Gold prices rise ahead of the European Central Bank meeting

11:32 am 2019-09-12

Gold prices regained some ground on Thursday as investors awaited the ECB meeting later in the day for direction signals. The ECB is widely expected to offer a package of monetary easing and monetary stimulus measures to offset the negative effects of the US-China trade war and Brexit. Investors were also waiting for an expected stimulus package from the ECB, which could pave the way for another wave of easing. The Fed is expected to…More

The price of oil rose after Trump postponed tariffs on Chinese goods

08:44 am 2019-09-12

Crude oil futures traded with gains early on Thursday as trade tensions between the United States and China eased after concessions between the two countries ahead of negotiations next month. Beijing has exempted some US products from its tariffs, while US President Donald Trump has decided to delay a $ 250 billion higher tariff on Chinese products. Oil prices were also boosted by a drop in US crude inventories. The US Energy Information Administration (EIA)…More

Gold prices rise on Wednesday slightly as trade war fears ease

11:24 am 2019-09-11

Gold prices rose on Wednesday, approaching a four-day losing streak as investors awaited key policy announcements by the central bank, including the European Central Bank on Thursday and the US Federal Reserve next week. Analysts are divided on what the ECB expects on Thursday, while the Fed is expected to cut interest rates again when it meets next week. On the trade front, there are signs of a thaw in US-China relations. Ahead of the talks scheduled for…More

Oil rise after the report of the API and before OPEC report

08:27 am 2019-09-11

  Oil prices rose after falling Tuesday, following estimates that US inventories fell last week, and with the release of the "OPEC" report. Amid news of the close Aramco put forward. OPEC chief says no alternative plans to OPEC deal OPEC Secretary General Mohammed Barkindo said in a statement to the Emirates News Agency on Tuesday that there are no alternative plans so far for the OPEC + agreement. Barkindo added that the Organization…More

Gold prices fell below $ 1500 with the decline and stock futures

09:27 am 2019-09-10

Gold prices fell below the $ 1,500 level, Wall Street shares fell slightly in pre-market trading on Tuesday after worrisome economic data from China. As investors awaited major central banks taking stimulus steps. Citigroup: Gold prices may reach a new record high above $ 2000 in the next two years Citigroup expects gold prices to rise above $ 2,000 an ounce in the next two years, which will surpass the previous record…More

Oil prices continue to rise and maintain gains for the fifth day

08:36 am 2019-09-10

Oil continued its gains, reaching its highest close since July 31st. After the new Saudi energy minister indicated his commitment to production cuts ahead of the meeting of "OPEC" and its allies later this week. Aramco's initial public offering (IPO) will soon have a secondary listing Saudi Aramco's long-awaited initial public offering (IPO) will come very soon, its chief executive told reporters on Tuesday. "What we have always said is that Aramco…More

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