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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 falls to its lowest level in a month

06:28 pm 2017-09-27

Gold futures fell on Wednesday amid conflicting comments on interest rates by central bankers, Gold fell $ 13.90 in December, or 1.1%, to settle at $ 1.287.80 a troy ounce, the lowest since August. Federal Reserve Chairman Janet Yellen yesterday expressed her preference for higher interest rates, but the Fed Chairman said today that interest rates should remain very low. "Given that monetary policy affects economic activity and inflation, it would be prudent to keep monetary policy on hold until inflation returns to…More

Brent hits a two year high of 59

06:58 pm 2017-09-25

Brent crude hit a two-year high, crude oil futures rose Monday, hitting the highest level in almost two years, amid expectations of rising global demand and improving global growth. Brent crude was up 3.78% at $ 59 a barrel, after opening at $ 56.68, hitting a two-year high of $ 59 a barrel. WTI crude futures rose 3.16% to reach $ 52.26 per barrel, after rising expectations of an increase in global demand for oil, especially after the release of many indicators of global growth,…More

Gold jumps to 1310 after North Koreas foreign ministers remarks

05:23 pm 2017-09-25

  Gold futures rise after North Korean foreign minister's remarks Gold futures saw strong gains after North Korea's foreign minister announced that US President Donald Trump's comments over the weekend were a declaration of war.    Sparking panic in the financial markets, prompting investors to turn to buying gold as a safe haven for fear of rising tensions between North Korea and the United States.    Gold found a rise of 1.03% during the middle of the US session, reaching $ 1310.90 an ounce after opening…More

Crude Oil prices drop as OPEC meeting awaits tomorrow

01:22 pm 2017-09-21

Crude oil prices fell on Thursday as OPEC and non-Opec members awaited a meeting in Vienna on Friday to review compliance with a cut production agreement. Prices of distillates fell by 5.7 million barrels after Hurricane Harvey halted several refineries, while US oil inventories rose by 4.6 million barrels last week. US crude for November delivery fell 1.07 percent to $ 50.15 a barrel after the October delivery contract ended at $ 50.41 a barrel, its highest closing price since…More

Brent hits 5 month high

08:15 am 2017-09-21

Brent hit its highest level in 5 months, breaking the $ 55 barrier and reaching $ 56 a barrel during yesterday's trading, which came despite a large rise in US oil inventories. At a meeting last week, OPEC indicated its insistence on moving ahead with the agreement to cut production and extend it, oil has been on the rise since then. The US Energy Information Administration said yesterday that crude oil inventories rose for a third week in a row, by 4.6 million barrels.…More

Crude Oil falls on settlement with speculation of increased production

08:30 pm 2017-09-19

The price of oil fell on Tuesday's trading session, with speculation of increased supplies and anticipation of US crude inventories The price of Nymex crude for October delivery fell 0.9% to $ 49.48 a barrel. By 7:43 pm GMT, Brent crude was down 0.5% at $ 55.19 a barrel. The US Energy Information Administration has expected yesterday to increase the production of rock oil from the beginning of next October by 79 thousand barrels per day, but continue to…More

Gold stabilizes at the settlement with the decline of the dollar

08:10 pm 2017-09-19

The price of gold settled in Tuesday's trading as the US dollar fell against most major currencies, awaiting the announcement of the US interest rate decision, and after economic data, the price of gold futures settled at $ 1310.6 an ounce. Investors are in a state of anticipation, with today's Federal Reserve meeting to announce the monetary policy decision and developments on the US central bank's budget cuts, with expectations of a key interest rate unchanged. The stability of the…More

Natural gas reaches its highest level in 3 months

07:28 pm 2017-09-18

Natural gas rose to a three-month high on Monday, bolstering expectations for increased demand, despite the approaching autumn. Natural gas futures rose 3% to $ 3.12 per million British thermal units at 3:03 pm GMT. The Energy Information Administration (EDI) announced that gas storage in the United States rose by 91 billion cubic feet in the week ending September 8.More

Gold futures fall to a two week low of 1310

02:48 pm 2017-09-18

Gold and silver futures declined on Monday amid traders' reluctance to buy safe goods and rising risk appetite for buying securities from stocks and bonds.   Gold saw a decline in European trading, reaching a two-week low of $ 1310 / troy, recording a decline of 0.72%.    Gold futures opened today at $ 1317 and rose to a high of $ 1319, but fell to 1310 in early US trading.   Silver also fell 1.64% to $ 17.41 in European trading, affected by…More

US crude crosses 50 dollar barrier as refinery returns

10:56 am 2017-09-18

US crude oil prices rose to above $ 50 a barrel on Monday and are close to their highest levels in the previous week, as oil rigs drop, and refineries continue to resume after Hurricane Harvey. US West Texas Intermediate crude futures rose 0.2% to $ 49.99 a barrel by 06:53 GMT, having earlier surpassed $ 50 and headed for a 3-month high of $ 50.50 on Thursday. Dollars per barrel. The price of global benchmark crude hit a four-cent…More

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