Commodities

Angola's draft budget forecasts 2025 deficit of 1.65%/GDP

Angola's government anticipates a budget deficit of 1.65% of gross domestic product in 2025, slightly higher than this year's projected 1.46% deficit, draft budget documents showed. The...

Gold little changed ahead of US payrolls data

Gold traded little changed on Friday as investors refrained from taking big positions ahead of the U.S. payrolls data that could provide further clues about the Federal Reserve's interest rate...

Woman calls out for missing loved one after deadly floods in Spain

STORY: :: A woman calls out for a missing loved one after devastating flooding in Spain :: @MarkKeaton1 via X :: Scores of people were killed after a year of...

Gold marches to record as US election jitters fuel safe-haven rush

Gold hit an all-time peak on Wednesday as investors flocked towards the safe-haven metal less than a week before the U.S. presidential election, while they awaited economic data for clues on the...

Asia shares stumble on China headwinds; gold and bitcoin buoyant

Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy,...

Commodities overview: OPEC+ in the doldrums, gold against the odds

Every week, our commodities overview reviews the latest developments on the commodities markets, to gain a better understanding of the price movements in energy, metals and agricultural commodities....

Indonesia considers importing 1 million tons of rice from India next year, minister says

Indonesia is looking into options for importing 1 million tons of rice from India next year, coordinating minister for food affairs Zulkifli Hasan said on Tuesday. Indonesia's rice...

Gold prices hover near record peak on US election jitters

Gold prices lingered near record highs on Tuesday, supported by uncertainty surrounding the upcoming U.S. presidential election, while investors awaited key economic data for clues on the Federal...

Opportunity Cost of Holding Gold Is Falling: BlackRock

BlackRock's EMEA investment strategy head, Karim Chedid, says investors are looking at gold as a diversification hedge in the current market environment. When I consider that gold is a...

China Jan-Sept gold consumption slides 11% as high prices deter buying appetite

BEIJING -China's gold consumption in the first three quarters of 2024 slid 11.18% from the same period a year ago to 741.732 metric tons as high prices dented buying interest for jewellery products,...

Thungela CEO sees world shunning new coal as boon for existing mines

New coal investment may be drying up as the world seeks greener energy, but for miners like South Africa's Thungela Resources that could be a boon if Asia's ravenous appetite keeps prices bouyant, its...

Global money market funds draw large inflows on election-driven caution

Global investors channelised large investments into the safety of money market funds in the week through Oct. 23 on caution over the upcoming elections in the United States and Japan, and the shift in...

Gold eyes weekly gains as geopolitical uncertainty boosts appeal

Gold prices eased on Friday but was on track for a weekly gain, as investors sought the safe-haven metal amid rising geopolitical tensions, while palladium was poised for its strongest week in more...

Ukrainian corn seed flows to Europe in further farm trade shift

Ukraine has rapidly expanded exports of corn seed to the EU in the past two years in rare good news for its war-hit agricultural sector but adding to European farmers' grievances about what they say...

Greece's chestnut harvest set to shrink, hit by drought and heat

In Greece, one of the world's largest chestnut producers, farmer Anestis Altinis searches for nuts suitable for harvest. But after months of searing heat and drought, most have not ripened, a familiar...

Kepler Cheuvreux lowers target price for Avance Gas to NOK 118 (128), reiterates Hold

Kepler Cheuvreux lowers target price for Avance Gas to NOK 118 , reiterates Hold...

Gold ticks higher as safe-haven bids offset firm dollar

Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143...

Commodities Overview: Doubts prevail

Every week, the commodities overview reviews the latest news on the commodities markets, to better understand the variations in energy, metals and agricultural commodity prices.

Safe-haven gold hits record high on global uncertainties

Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Spot...