Analysis: Commodities

Investors rush to buy equities, dump gold in vaccine euphoria

Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive COVID-19 vaccine updates led to euphoric buying of shares in worst-hit sectors such as banks, travel...

Gold falls 1% on stronger dollar, economic rebound hopes

Gold slipped as much as 1% on Thursday as the dollar firmed and progress in COVID-19 vaccine development boosted hopes of a faster economic rebound and tempered bets for an immediate U.S. coronavirus...

Thai rice export rates hit two-month high on supply risks

Thai rice export prices rose to their highest in nearly two months this week on concerns over supply even as demand remained sluggish, while a strong rupee kept rates for the Indian variety near an...

East-to-west flow of gold slows as Swiss exports to India rebound

The flow of gold from east to west triggered by the coronavirus pandemic eased in October as Switzerland's imports of bullion from Asia fell and it exported more to India than in any month since May...

Zambia's copper production rose 9.45% this year, mines minister says

Zambia produced 646,111 tonnes of copper between January and September 2020, up from 590,321 tonnes in the same period last year, Mines Minister Richard Musukwa said on Thursday, attributing the 9.45%...

Gold dips as vaccine progress offset worries over rising cases

Gold prices eased on Wednesday as optimism about Pfizer's successful vaccine trials countered concerns over rising coronavirus infections and bets for further economic support....

Exxaro Resources : South Africa's Gamsberg zinc mine shut during search for missing miners, Vedanta says

Gamsberg zinc mine in South Africa has been shuttered until further notice while a search continues for two workers still missing after an accident, the owner Vedanta Zinc International said on...

Container freight rates soar on consumer goods boom, supply chain kinks

Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the...

Gold range-bound as vaccine cheer offsets pandemic resurgence

Gold inched down but held in a narrow range on Tuesday, as a weaker dollar and concerns about mounting coronavirus cases and their impact on the economy vied with optimism about the race to deliver a...

U.S. farmers celebrate soy price surge as Brazil misses out

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China...

Bangladesh issues first rice import tender in three years

Bangladesh's state grains agency issued an international tender to purchase 50,000 tonnes of rice on Monday, its first buying tender in three years amid dwindling supplies and a surge in prices of the...

CORRECTION:MNew Botswana copper mine to begin production in 2021

Botswana's newest and only operational copper mine is expected to start production in 2021 with annual output building to 60,000 tonnes of copper in concentrate, its executive director said....

Gold gains on mounting pandemic, vaccine worries

Gold rose on Friday as increasing coronavirus infections globally re-ignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID-19 vaccine further...

India trims palm oil purchases as rising prices make soyoil attractive

Indian edible oil refiners are trimming imports of palm oil to make space for soyoil as a rally in the price of palm due to output worries reduced the spread between the two, industry officials told...

Gold rises 1% on vaccine skepticism, surging virus cases

Gold rose 1% on Thursday on market skepticism over the logistics of a potential COVID-19 vaccine roll-out as cases continued to surge in the United States, while hopes of more fiscal and monetary...

Ivory Coast gold output up 20% by late September

Gold output in Ivory Coast stood at 28.3 tonnes at Sept. 30, 20.3% higher than at the same point last year, government spokesman Sidi Toure said on Wednesday....

S.Africa's Gold Fields posts 7% higher Q3 output

South African miner Gold Fields on Thursday reported a 7% higher production in the third quarter. The bullion miner said attributable gold equivalent output rose to 557,000 ounces during the...

Exclusive: Gold market authority threatens to blacklist UAE and other centres

The world's most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory...

Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown

Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine that could boost demand and later pulling back as concerns...