Analysis: Commodities

Gold crashes over 4%, silver dives as equities back in vogue

Gold sank as much as 4.3% on Tuesday, facing its worst one-day rout in 7 years, as a return of risk appetite following encouraging economic numbers and hopes of new coronavirus relief package boosted...

Gold hastens retreat, dips below $2,000 on firm dollar

Gold fell more than 1% on Tuesday, breaking below the $2,000 level for the first time in a week, as the dollar's relative value against other currencies strengthened and spurred investors to lock in...

China's Minmetals, Jinchuan eye copper concentrate blending plant in Guangxi - sources

State-run metal producers China Minmetals Corp and Jinchuan Group are planning to build a copper concentrate blending facility in southern China's Guangxi region, two people with knowledge of the...

Gold recoups losses on more U.S. coronavirus aid hopes

Gold gave up early losses and gained on Monday after U.S. Treasury Secretary Steven Mnuchin said an agreement over coronavirus relief aid could be reached by this week to help the pandemic-hit...

Miner Barrick beats profit estimates as gold prices surge, warns on Papua New Guinea mine

Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua...

Ivory Coast 2019/20 cocoa arrivals reached 2.004 mln t by July 31 -CCC data

Cocoa arrivals at ports in top grower Ivory Coast reached 2.004 million tonnes between Oct. 1 and July 31, down 6.4% from the same period last season, data from the cocoa regulator showed on Monday....

Gold's record breaking rally sputters on dollar bounce-back

Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on course for their longest streak of...

Soaring gold prices further erode lustre in pandemic-hit retail hubs

Physical gold remained out of favour in most Asian hubs this week as a worsening pandemic kept retail buyers away with global benchmark spot prices at historic highs, while logistical challenges...

South Korean farmers bartering sugar for North Korean booze to bypass sanctions

A South Korean farmers' cooperative said on Thursday it has clinched a 150 million won deal to barter sugar for North Korean liquor and food products, bypassing sanctions banning cash transfers. ...

Record bullion prices give South African gold miners a lifeline, risks remain

South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid...

Vietnam rice rates jump on supply crunch; high Thai prices cut demand

Waning rice supplies in Vietnam pushed export prices to a near two-month peak this week, while a strengthening domestic currency kept rates of the Thai variety high, subduing demand.

Gold accelerates higher on fragile economic recovery hopes

Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.

Vietnam prices edge higher as lockdown in coffee belt hits supply

Vietnam's domestic coffee prices edged higher this week as parts of the coffee-growing region remained under lockdown to curb the spread of the coronavirus outbreak, traders said on Thursday. ...

Gold strides further above $2,000/oz, dollar weakens

Gold pushed further past $2,000 an ounce on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on...

Canada's Barrick Gold considers switching primary stock listing to NYSE: WSJ

Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada,...

Gold surge, Hastings buyout lift London stocks ahead of BoE meeting

Surging prices for gold and other metals and a $2.2 billion buyout offer for Hastings Group saw London's mid-cap index post its best session in seven weeks on Wednesday, with some upbeat earnings and...

Gold races to new record after blowing past $2,000/oz

Gold prices rocketed to a new record high on Wednesday after smashing past $2,000 for the first time, as a weaker dollar and falling returns on U.S. bonds drove investors to hoard the safe-haven...

Global Markets: Gold strides further above $2,000, dollar weakens

Gold pushed further past $2,000 on Wednesday in the face of a weak dollar and expectations of more stimulus measures for the pandemic-ravaged global economy, while stocks in Europe and on Wall Street...

Gold Fields : South Africa's Gold Fields sees 300% profit rise on gold rally

South African miner Gold Fields said on Wednesday booming gold prices could drive up half-year profits by more than 300%, triggering a 10% rally in its shares.