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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

precious metal trades higher with the turnout for safe havens

10:15 am 2019-08-09

   Gold prices rose to record weekly gains, with the yellow metal as a safe haven, with increasing tensions between the United States and China. Data also showed China's PPI contraction for the first time in nearly three years, dimming the outlook for manufacturers' profits under the trade war between Washington and Beijing.  The Dow will lose 100 points as the effects of the trade war emerge Wall Street's main stock indexes traded heavily ahead of…More

Oil Divergence The IEA expects oil demand growth to slow

08:33 am 2019-08-09

Oil prices rose on Friday as expectations of further OPEC production cuts provided some support, although concerns over the long-standing US-China trade dispute kept gains. Energy Minister: UAE will continue to support measures that help balance the oil market Meanwhile, UAE Minister of Energy and Industry Suhail Al Mazrouei said the UAE will continue to support measures that help balance the oil market. Mazrouei added through his official account on the "Twitter", saying:…More

Oil regains some losses after OPEC and its partners cut production

11:25 am 2019-08-08

Crude oil recovered some of the sharp losses it incurred during the previous session as oil futures rose 2% on Thursday at 11:31 am CET. Prices have supported hopes that OPEC and other major producers will impose further production cuts in a bid to stabilize the market. According to a Saudi official, as reported by several media, the kingdom is in talks with other exporters to limit production in order to stem the decline in crude…More

Gold prices retreated with relative calm on trade concerns and silver jumping

09:41 am 2019-08-08

 Gold prices retreated with relatively calm trade concerns after China set the daily reference price at a higher-than-expected level, along with unexpectedly rising Chinese exports. On the other hand, silver prices rose during Wednesday trading, achieving the biggest daily gains in three years amid the decline of the dollar against most major currencies and the appetite for precious metals as a safe haven. Wall Street mixed in the pre-market session, focusing on trade tensions …More

Oil prices stabilize amid anticipation of global trade tensions

11:38 am 2019-08-07

Oil prices stabilized after losses on Tuesday as fears of a US-China trade war weighed on demand, despite estimates that US inventories continued to fall.  Meanwhile, reports continued that US President Donald Trump and his administration have stepped up measures against Venezuela that remains supportive of today's oil markets and limited losses. Trump signed an executive order late Monday in the United States declaring a complete economic embargo on Venezuela, freezing all government assets and banning transactions with the…More

Gold and Silver Metals Rise on Global Recession Fears

10:16 am 2019-08-07

The spot price reading for precious metals on Wednesday was consistent with investors shifting to preserve value as gold and silver peaked, despite rising stocks in Europe. Germany's annual growth in industrial production accelerated in June to 5.2%, the highest since November 2009, led by a 6% decline in manufacturing. The official statistical release today raised fears of a recession, as the German central bank has already warned that the euro zone's largest economy has contracted in the second quarter.…More

Crude oil prices rise as China moves to curb yuan decline

12:05 pm 2019-08-06

Oil prices rebounded slightly on Tuesday after China moved to stabilize the yuan's decline, helping ease fears about a currency war. Mutual moves between two of the world's largest economies have also led to a decline in world oil markets. Global oil markets fell by about 8 per cent, the biggest drop in more than four years. Chinese threats to expand purchase of Iranian oil On the other hand, Bank of America Merrill…More

Gold is correction after a strong rally and stocks are mixed

10:18 am 2019-08-06

Gold fell marginally in today's trading after reaching its highest level in six years on Monday against the backdrop of turmoil in the global financial markets as a result of escalating trade tension between the United States and China. US stocks rebounded ahead of the bell over the dispute over China's currency  Wall Street stocks rebounded in the pre-market positive territory on Tuesday after falling yesterday after the US Treasury…More

Precious metals rise of and gold at the highest level in six years

12:24 pm 2019-08-05

Precious metals posted strong gains on Monday on the back of deep trade war fears. Safe haven assets rose as global equities plummeted following the recent escalation in the US-China trade dispute. US stock index futures were recorded Where more losses were recorded on Monday as the Chinese yuan hit its lowest level in a decade, spurring continued sell-offs due to Friday's trading worries, which generated the worst performance of the…More

The price of oil fell as the US-US trade war escalated

10:27 am 2019-08-05

Oil prices in the red zone were on Monday amid mounting concerns over the US-China trade war, raising demand fears. Last week, the trade dispute escalated after US President Donald Trump ordered a 10 percent tariff on China's remaining 300 billion dollars in exports to the United States despite objections from his advisers. The move was followed by a sharp drop in the Chinese yuan. Iran confiscates tanker with small payload of fuelMore

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