Commodities

Indian jewellers stock up for festive season; activity muted elsewhere

Demand for physical gold in India picked up slightly this week, despite a recovery in prices, as jewellers stocked up ahead of the festive season, while activity remained subdued elsewhere. ...

Lurpak maker Arla says softer consumer sentiment hits sales of core products

COPENHAGEN -Dairy producer Arla's sales for the first half of the year rose by 13% though sales of its key products such as Lurpak butter and Castello cheese fell. High commodity prices...

Goldman Sachs expects Brent to decline to low $50s by late 2026

Goldman Sachs expects the price of Brent crude futures contracts to decline to the low $50s a barrel by late 2026 due to an increase in the surplus of oil next year. We expect the oil...

Volatile prices stifle gold demand in top Asian hubs

Physical gold demand in key Asian hubs remained subdued this week as price volatility kept buyers at bay, while jewellers in India resumed purchases ahead of a key festival season. Gold...

Gold gains as Powell's comments fuel rate cut hopes

Gold prices rebounded on Friday, buoyed by heightened expectations of a September rate cut following comments from Federal Reserve Chair Jerome Powell at the central bank's Jackson Hole symposium. ...

China extends probe into EU dairy products as trade tussle goes on

BEIJING -China extended on Monday its anti-subsidy investigation into European Union dairy imports by six months, one front in a wider trade war with Brussels and Washington. Trade...

Gold prices steady as investors assess Trump-Zelenskiy meeting

Gold prices were largely steady on Monday, as investors focused on U.S. President Donald Trump's meeting with Ukrainian and European leaders, and the Federal Reserve's annual symposium in Jackson...

Investors react to US-Russia summit reaching no agreement

NEW YORK -Following are reactions from world leaders to the summit on Friday between U.S. President Donald Trump and Russian President Vladimir Putin, which did not resolve Moscow's war in Ukraine. ...

Price retreat buoys demand in India; activity muted elsewhere

Physical gold demand in India improved slightly this week as a price pullback lifted buying interest among consumers, while activity in other top Asian hubs remained lacklustre. Gold...

Zimbabwe labs overwhelmed as gold rally spurs exploration, miner says

HARARE -Zimbabwean laboratories are struggling to cope with a surge in mineral samples submitted by mines ramping up exploration activity in response to record gold prices, a mine executive said on...

India's BPCL beats quarterly profit view on lower costs, improved demand

India's state-run refiner Bharat Petroleum Corp reported a better-than-expected quarterly profit, helped by a dip in costs and improved fuel demand. Standalone net profit doubled to...

Vietnam food association urges trade ministry to challenge Philippine rice import suspension

HANOI -The Vietnam Food Association has asked the country's trade ministry to challenge a move by the Philippines to suspend rice imports for two months, two sources told Reuters, with traders saying...

Gold nudges higher after US inflation data

Gold prices edged higher on Tuesday after U.S. inflation data sustained expectations of Federal Reserve interest rate cuts, while attention turned to other key economic data due this week. ...

Bullion markets breathe sigh of relief after Trump says gold will not face tariffs

U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up...

Gold miners awaiting US clarity on gold bar tariffs, Barrick CEO says

TORONTO -Barrick Mining CEO Mark Bristow said on Monday that the gold industry is awaiting clarity from the White House regarding potential U.S. tariffs on gold bars, but added that, regardless of...

Barrick Mining tops profit estimates, lifts dividend despite Mali mine loss

Barrick Mining beat profit expectations for the second quarter and raised its dividend by 50% on Monday, as record-high gold prices helped offset lower production and a $1.04 billion charge from...

Gold falls as markets await inflation data, Trump clarifies no tariffs on gold

Gold prices fell on Monday after President Donald Trump said tariffs will not be placed on imported gold bars, while investors awaited a U.S. inflation report that could provide an indication of the...

World food prices at 2-year high on rising meat and edible oils, FAO says

PARIS -World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the...

Price rise dulls activity in top Asian hubs

Physical gold demand in key Asian hubs slipped this week as a rise in prices weighed on buying interest, while higher rates encouraged some to cash in on their holdings. Buyers aren't...