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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

Oil prices fell from their month high with start of the G20 summit

09:58 am 2019-06-28

Oil prices have fallen from their highest levels in almost a month as traders wait for trade talks between Washington and Beijing in the hope of resolving the row between the two countries, as well as the meeting of OPEC and its allies to consider the need to extend the agreement to curb supplies. Traders are also waiting for an update of the China-US trade war from the weekend meeting of heads of state of the G20,…More

Gold is heading for the best monthly performance since 2016

08:51 am 2019-06-28

Gold prices rose to record the best monthly performance since 2016, as they received recent support from rising geopolitical tensions and a growing likelihood of a trend towards monetary easing around the world. Saturday's meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of the G20 summit to discuss trade tensions is central to the markets. Wall Street is trading at a higher level than the market, adding the Dow 100 pointsMore

Gold extends its losses ahead of Trump meeting and Chinese President

11:58 am 2019-06-27

Gold prices fell slightly on Thursday to widen the previous session's losses, after falling by more than 1 percent in the previous session as Fed officials played down expectations of a sharp cut in interest rates.  The precious metal was also under pressure as optimism rose ahead of the upcoming meeting between President Donald Trump and Chinese leader Xi Jinping at the G20 summit in Japan this week. The South China Morning Post quoted sources…More

Oil price fell as traders focused on the G20 and OPEC Plus

09:16 am 2019-06-27

Crude oil prices were trading in the red zone on Thursday, erasing some gains in the previous session as investors looked to the G20 summit in Osaka. Oil rose more than 2% on Wednesday following news of a larger-than-expected drop in US crude inventories reported by the Energy Information Administration (EIA). Data from the Energy Information Administration showed US inventories fell by 12.8 million barrels to 470 million barrels in the week ending June…More

Gold fell from highest level in six years and higher futures contracts

12:18 pm 2019-06-26

  Gold fell more than 1% on Wednesday after hitting a six-year high against the euro earlier as investors' hopes of a larger interest rate cut in July were tempered by comments by Federal Reserve officials on Tuesday. St. Louis Federal Reserve Chairman James Pollard said a 50 basis point cut in July would be "overstated", while Federal Reserve Chairman Jerome Powell insisted the central bank was "isolated from short-term political pressure." The…More

Oil rises after a report on a strong decline in US crude inventories

08:45 am 2019-06-26

Crude oil prices rose on Wednesday after data from the US Petroleum Institute revealed a larger-than-expected decline in US oil inventories. Oil has risen in recent days as geopolitical risks surrounding the conflict between the United States and Iran have pushed up prices. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and its allies will meet next week in Vienna to decide on another extension of production cuts. Bank of…More

Crude oil prices rise Concerns about the output reduction agreement

11:58 am 2019-06-25

Oil prices fell on Tuesday after three days of gains following the fall of a US drone by the Islamic Revolutionary Guards Corps (IRGC) last week. Concerns about the demand for crude oil have affected the commodity, but the downside has been limited by rising tensions between the United States and Iran. Oil prices fell after strong gains in the past few sessions, under pressure from mixed signals about the future of supply, such as growing tensions between…More

Gold tread price is up to its highest level since 2013

08:48 am 2019-06-25

Gold prices jumped to a six-year high as the dollar weakened as prices jumped earlier in Asian trade to $ 1,438.6, the highest since May 2013. The geopolitical tensions and anticipation of the US-Washington meeting at the G20 summit contributed to the decline in bond yields. And increased demand for safe havens in light of geopolitical tensions, as US President "Donald Trump" that it may impose new sanctions on Iran. US markets fell…More

Gold is trading near highest level in six years as tension continues

11:48 am 2019-06-24

Gold prices rose on Monday for a fifth consecutive session of gains and hover near the six-year high since Friday's trading. Where US-Iranian tensions as well as pessimistic signals from global central banks boost demand for safe metal. In addition to the growing tensions between Washington and Tehran over Iran's dropping of a US Dron, the precious metal has been supported by the Fed's adoption of a softening rather than a hard-line approach, and has recently…More

Crude oil prices rise as tensions rise in Middle East

08:44 am 2019-06-24

Crude oil futures rose on Monday on the back of new tensions in the Middle East. After US President Donald Trump ordered a reprisal attack on Iran after a US reconnaissance plane was shot down near the Strait of Hormuz. However, he said he retracted the proposed strike in favor of imposing new sanctions on Tehran, which is due to be announced later in the day. Trump's comments supported the rise in oil prices. Trump wrote in…More

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