Analysis: Commodities

Gold dips as dollar becomes preferred safe-haven

Gold eased on Thursday as investors opted for the relative shelter of the U.S. dollar from waning risk-on sentiment and after the U.S. Federal Reserve expressed worries over the slow pace of economic...

Swiss gold exports fell to record low in 2020 as pandemic upended trade

A collapse in shipments to China and India, whose vast jewellery markets were partially shut by the coronavirus, drove Swiss exports of gold in 2020 to the lowest since at least 2012, customs data...

Gold demand plunged to 11-year low in 2020 as virus upended trade - WGC

Global demand for gold fell to its lowest in 11 years in 2020 as the coronavirus upended the market, triggering huge stockpiling by investors but collapsing sales of jewellery and purchases by central...

Gold hits more than one-week low on doubts over stimulus bill, firm dollar

Gold prices fell to a more than one-week low on Wednesday, pressured by concerns over the U.S. stimulus bill and strength in the dollar as markets awaited the Federal Reserve's latest policy decision....

China Petroleum & Chemical : bought about 200 million gallons of U.S. ethanol for H1 2021 -ADM

China has bought roughly 200 million gallons of U.S. ethanol for the first half of 2021, matching its previous record for annual imports of the corn-based biofuel, Archer Daniels Midland Co Chief...

Weekly UK-EU freight volumes down 38%, truck data indicates

Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, real-time truck movement data shows. ...

Ivorian cocoa traders seek to end multinationals' dominance of exports

Ivory Coast's domestic cocoa traders association GNI has called for the regulator in the world's top bean producer to introduce reforms that would end the dominance of six multinationals in handling...

Gold falls on firmer dollar, U.S. stimulus concerns

Gold prices edged lower on Tuesday as the dollar strengthened and concerns over the passage of a U.S. stimulus package weighed on the metal's appeal, while investors awaited a Federal Reserve policy...

Gold eases on doubts over U.S. stimulus passage

Gold prices inched lower on Monday due to concerns that a massive economic stimulus in the United States may not be passed smoothly, although a weaker dollar limited bullion's losses....

S.Africa's Harmony Gold on track to meet output guidance after Mponeng acquisition

South African bullion producer Harmony Gold said on Monday it was on track to meet its annual output guidance due to the inclusion of its newly acquired Mponeng mine and as measures to offset the...

Exxon Mobil lifts force majeure on exports of Nigeria's Qua Iboe crude oil - spokesman

Exxon Mobil has lifted a force majeure on Nigeria's Qua Iboe crude oil export terminal, a spokesman said on Friday....

Gold falls over 1%, pinched by firm dollar but on course for weekly gain

Gold prices fell as much as 1.8% on Friday as a broader market sell-off weighed on the metal along with a firm dollar, while hopes for further stimulus from the U.S. kept bullion on track for its...

Ivory Coast cocoa exporters curb exposure and inventories amid glut

Cocoa exporters in the world's top grower Ivory Coast are switching to cheaper contracts for later delivery and buying less to cut inventories amid a glut, blaming a scheme to charge a $400-per-tonne...

India's December crude oil throughput picks up as fuel demand accelerates

India's crude oil processing last month registered it first year-on-year gain since February 2020, driven by a surge in demand for fuels as economic activity continued to pick up from a...

Gold slips on profit taking; stimulus bets limit losses

Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in the previous session, while expectations for further stimulus and a weaker U.S. dollar limited...

Indian rice prices gain, higher Thai prices dampen demand

Export prices for rice in India edged higher this week on robust demand from other Asian countries, while strong Thai rates softened demand for its staple. ...

Gold Fields : South Africa's Gold Fields appoints former Amplats boss as CEO

Gold Fields has appointed former Anglo American Platinum boss Chris Griffith as chief executive, the South African miner said on Thursday. The former Amplats and Kumba Iron Ore CEO...

Malaysia forecast 2021 crude palm oil production at 19.7 million tonnes

Malaysia's commodities ministry on Thursday forecast crude palm oil production at 19.7 million tonnes in 2021, rising from 19.14 million tonnes last year. ...

Silver lining: Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

U.S. President Joe Biden's move to scrap the Keystone XL oil pipeline, while a blow to Canada's energy sector, is a blessing in disguise for Prime Minister Justin Trudeau, who is eager to embrace the...