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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

Oil prices on Tuesday after sharp gains in the previous session

11:36 am 2019-08-20

Oil prices stabilized on Tuesday after sharp gains in the previous session after a weekend attack by Yemeni separatists on a Saudi oil facility. Oil prices are still supported by talk of more stimulus from central banks and signs of a possible meltdown in the ongoing trade war between the world's two largest economies. Especially after a report showed that China's economic outlook worsens in August The German Center for European Economic Research said on Tuesday that…More

Gold prices slightly lower on Tuesday amid trade war developments

09:44 am 2019-08-20

Gold futures fell marginally as the dollar stabilized as investors digested developments in trade talks and the Fed's comments on the US economy. In other news, the German Center for European Economic Research (ZEW) said on Tuesday that its latest survey showed that the outlook for the Chinese economy has worsened amid its trade tensions with the United States. The index of China's economy, reflecting the country's macroeconomic development next year, stood at 4.9 points in…More

Oil prices rise after Houthi attack on Saudi oil field

11:12 am 2019-08-19

Oil prices rose more than 1 percent on Monday after a drone attack claimed by Yemen's Houthi rebels sparked a fire at a Saudi oil and gas field. Saudi Aramco's Shaybah oil facility was attacked by a drone on Saturday, raising tensions in the Middle East. This resulted in a fire but no interruption in oil production or transportation. Iran says it has warned the United States not to seize the oil tanker Iran has…More

Gold retreats as risk appetite rises early in the week

08:49 am 2019-08-19

Gold prices fell on Monday as the dollar stabilized after the US president dismissed concerns about the US recession, as well as optimism about trade negotiations between the world's two largest economies. Gold has risen more than 6% since the beginning of August, or about $ 90, due to increased trade tensions and ongoing buying by central banks in response to a plethora of disappointing economic data globally.  The Dow jumps over 200 points in pre-marketing…More

Oil rises supported by optimism about trade tensions

09:14 am 2019-08-16

Oil prices rose on Friday as recession fears eased somewhat after better-than-expected US retail sales figures. Supported by optimism about trade tensions between the US and China. US President Donald Trump said he would make a phone call soon with his Chinese counterpart, Xi Jinping, after Beijing pledged to respond to US tariffs.  Nigeria aims to increase its oil production to 3 million barrels per day by 2023 In other news, Nigeria's state-owned oil company said…More

Gold prices fell as trade tensions slowed between US and China

08:39 am 2019-08-16

Gold prices fell but are still heading for weekly gains for the third time in a row, as fears about trade between the two largest economies in the world eased relatively. Comments by President Donald Trump  Wall Street jumps 150 points in futures trading on trade hopes  Trade concerns eased relatively soon after US President Donald Trump said on Thursday he would make a phone call soon with his Chinese counterpart. The…More

Gold rises as fears of economic recession and trade war escalate

11:52 am 2019-08-15

Gold prices rose slightly on Thursday as fears of a global recession mounted. Risk sentiment dominated equity markets after the 30-year US Treasury yield fell to less than 2 percent for the first time ever, signaling interest rates would remain low for longer. The Dow drops 200 points ahead of the market as China pledges to respond to tariffs US stocks extended losses in pre-market trading on Thursday with the Dow, losing 200 points…More

Oil prices retreat on recession fears and rising inventories

08:55 am 2019-08-15

Oil prices fell marginally as US crude inventories unexpectedly rose, as concerns about global growth persisted. Oil prices were also affected after weak industrial production, retail sales data in China and an inverted US Treasury yield curve that raised recession fears. US EIA report  The US Energy Information Administration announced that crude oil inventories rose for the second week in a row. The Energy Information Administration reported a rise in the price of crude oil by…More

Gold is back above 1500 as the yield curve reverses on bonds

11:59 am 2019-08-14

The interest rate and recession caused stocks to fall on both sides of the Atlantic on Wednesday as investors rushed to preserve value by buying assets thought to be less risky. German, UK and US government bonds benefited the most while gold and silver jumped, reversing earlier declines as risk appetite eased yesterday. Market participants initially shouted the convergence between the administration in Washington and China when a trade war truce was agreed. Swinging towards…More

Increased inventories putting pressure oil Brent crude below 61 dollar

08:46 am 2019-08-14

Brent crude futures fell after rising yesterday to settle above $ 61 a barrel for the first time in more than a week, supported by the US administration announced the postponement of the imposition of tariffs on some Chinese goods until December, easing trade tensions. Private data shows a sudden increase in US inventories Private data from the American Petroleum Institute revealed a surprise in US crude oil inventories. According to reports, the American Petroleum…More

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