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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

What Gold Needs to Keep Profitable

03:36 pm 2017-08-24

The rise in gold in recent weeks may be based on recent geopolitical tensions, but to keep those gains on it, it needs more than just intensifying global geopolitical tensions.    Gold rose 7% from its lowest level on July 10 to close at $ 1,288.81 an ounce on Aug. 11, its highest level in two months, and the precious metal has risen 12% since the end of last year, while there were other factors behind the gains , It is certain that global tensions, whether economic…More

"OPEC": All options are on the table to ensure the stability of the market

10:18 am 2017-08-24

A joint OPEC ministerial oversight committee and independent producers have confirmed that the oil market is moving in the right direction, noting that all options are on the table, including the extension of the post production reduction agreement until March, market. Oil inventories fell in July, causing a boom in the oil production market, as well as supporting a reduction in the price premium margin for immediate delivery, the committee said in a statement on Thursday.More

Crude Oil falls due to Libyan supplies

11:04 am 2017-08-23

Crude Oil prices fell on Wednesday, with Brent crude futures hitting $ 51.75 a barrel, down 12 cents, or 0.2%. The drop came on concerns of increased supplies after Libya's output improved after its biggest oilfield, the Oil Spill Field, returned to work gradually after its closure, as well as rising gasoline stocks in America despite peak consumption in the summer. Futures for Western American crude futures fell 0.2% to $ 47.72 a barrel. Crude stocks fell 3.6 million barrels over the…More

Gold settles around 1300 after Trump statements of concern

08:14 am 2017-08-23

Gold prices settled near $ 1,300 on Wednesday in Asian trading as investors await the annual meeting by central bankers as the Federal Reserve and European Central Bank President are scheduled to give speeches on monetary policy and interest rate expectations.    Gold futures traded at $ 1285, up 0.1%. The yellow metal rose to a nine-month high of $ 1,300 late last week and gold prices fell yesterday as the strength of the US dollar pressured the precious metal in trading.    An annual…More

Decline in the initial estimates of US oil inventories

09:53 pm 2017-08-22

US oil inventories fell by 3.59 million barrels during the third week of August, while the previous reading came at 9.2 million barrels, with the US Petroleum Institute announcing local crude oil stocks for nearly an hour. The report pointed to declines in recent weeks, preliminary estimates, and official data for US stocks, will be announced tomorrow by the Energy Information Administration. It is worth mentioning that the American Petroleum Institute is the largest association of oil and natural gas trade in the United States,…More

Gold falls amid a significant appreciation of the dollar

06:50 pm 2017-08-22

The price of gold fell in Tuesday's trading as the yellow metal futures contract for December delivery fell 0.4% to $ 1291 an ounce, its lowest close since Wednesday. The decline in gold, amid a significant appreciation of the dollar against most of the major currencies, and the recovery of US stock markets, to compensate for the losses suffered during the week. The dollar index, which measures a performance against a basket of major currencies, rose 0.5% to 93.4…More

Oil rises as investors eye US stocks

10:12 am 2017-08-22

Oil futures rose on Tuesday after rebounding from sharp sell-offs earlier in the week as investors looked for US supply data, which is expected to confirm a drop in supply this week. London Brent crude futures rose 0.27% to $ 52.00 a barrel, while US crude oil futures rose 0.65% to $ 47.70 a barrel. The increase was due to the absence of news from a meeting of members of the Organization of Petroleum Exporting Countries (OPEC) And non-member producers on a commitment to cut outputMore

Gold keeps gaining in the first trading week

08:04 pm 2017-08-21

Gold futures rose in quiet trading on Monday, despite the stability of stocks after the recent wave of losses.    This week, traders are looking forward to comments from Federal Reserve Chairman Janet Yellin at the Federal Reserve's Economic Policy Forum in Jackson Hole on Friday. Traders will be watching for evidence on the future of monetary policy, especially on the decision to raise rates on Short-term.    On the European level, the German economy is expected to continue to…More

Gold clings to gains weekly and oil waiting for the OPEC meeting in Vienna

12:40 pm 2017-08-21

Gold clings to weekly gains In an attempt to break through the psychological barrier of $ 1300 an ounce, the yellow metal futures contract rose at the beginning of the week, climbing 0.14% to $ 1293 after hitting a 9-month high. Background Global geopolitical tensions. Silver futures rallied at the beginning of the week, rising 0.32% to $ 17, weighed down by a rally in gold over the past two weeks, after US stocks posted a series of losses over the past week. …More

Oil rises after Baker Hughes data

09:34 am 2017-08-21

Crude oil prices rose sharply by the end of last week as data from the US industry showed that the number of US drilling platforms dropped during the week.    The total number of US drilling platforms dropped by 3 platforms to 946, after last week's drop by 5 drill pads, according to the latest weekly poll by Baker Hughes.    The price of WTI rose 1.42 dollars, or 3 percent, to close at 48.51 dollars a barrel at the end of last week. Brent…More

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