Analysis: Commodities

Gold jumps to nine-year peak on tepid dollar and stimulus

Gold rose more than 1% to a nine-year high on Tuesday, propelled by a softer dollar and expectations of more stimulus measures to resuscitate pandemic-hit economies, while silver sprinted past $20 for...

Platinum and palladium will creep higher as auto sector returns to life - Reuters poll

Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually...

Torrent of gold from Switzerland to the U.S. starts to ebb

The volume of gold moving from Switzerland to the United States to satisfy demand from investors seeking a store of value fell from record levels in June, with shipments dropping by almost half to...

Nepal's refiners struggle as India stops refined palm oil imports

Edible oil refiners in Nepal have all but stopped buying crude palm oil amid surging domestic stockpiles after top buyer India suspended most imports of refined oil from the country, industry...

Exclusive: China plans wheat, rice sales to tame surging corn prices - sources

China plans to sell rice and wheat from state reserves to animal feed producers who are struggling with high corn prices, which have soared more than 20% in some areas this year amid tightening...

Gold hits highest since September 2011, silver at four-year peak

Gold prices jumped to their highest since September 2011 on Monday, and silver hit an over four-year peak as a spike in COVID-19 infections and hopes for increased stimulus measures supported...

Gold steadies above $1,800/oz on rising virus fears

Gold prices steadied on Monday to hold firm above the psychological level of $1,800 per ounce, as worries over surging coronavirus cases around the world underpinned its safe-haven appeal, although a...

Malaysia to file WTO case against EU over palm oil curbs this year

Malaysia is planning to file a World Trade Organisation case against the European Union over its restrictions on palm oil biofuel by this year, Deputy Commodities Minister Willie Mongin said on...

Egypt aims to import 600,000-700,000 tonnes of sugar in FY 20-21 - official

Egypt will aim to import 600,000-700,000 tonnes of sugar in the 2020-2021 financial year which began on July 1, an agriculture ministry official said on Sunday.

India, China retail gold markets reel from pandemic pain

Physical bullion remained out of favour this week among consumers in top hubs China and India in the grip of the coronavirus, while investors in Singapore and Japan bought gold and silver to safely...

Zambia rejects Glencore copper mine's suspension plan

Glencore's Zambia subsidiary Mopani Copper Mines on Thursday said the country's mines ministry rejected its proposal to suspend operations because of low copper prices and disruptions caused by the...

Nigeria hopes gold mining reforms can bring in $500 mln a year

Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs, President Muhammadu Buhari said on Thursday.

Gold prices ease as dollar firms, virus fears cap losses

Gold prices edged lower on Tuesday, as the U.S. dollar strengthened, although worries over surging coronavirus cases globally and Sino-U.S. tensions put a floor under bullion prices.

Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee Inc has ousted co-founder and chairman Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive officer, the embattled coffee chain disclosed on Monday.

Gold gains above $1,800/oz as infection cases mount

Gold prices rose above the key $1,800 level on Monday, underpinned by surging coronavirus cases globally and concerns that they may slow down recovering economies.

HP Enterprise to buy Silver Peak for about $925 million

Hewlett Packard Enterprise Co said on Monday it would buy Silver Peak, a California-based developer of tools to enhance the performance of wide area networks, for about $925 million in cash....

India gold dealers charge premiums as imports, smuggling stall

Physical gold sold at a premium in India this week for the first time this year, driven by plunging imports and a near halt in smuggling that offset the impact of high unemployment and a rise in...

Malaysia palm oil June end-stocks fall as exports surge 25%

Malaysia's palm oil inventories fell 6.3% at end-June from a month earlier as a leap in exports amid an easing of coronavirus curbs outpaced a surprise jump in production, official data showed on...

Gold poised for fifth straight weekly rise as risk appetite wanes

Gold eased on Friday pressured by a stronger dollar and hovered near the key $1,800 milestone, but was set for a fifth straight weekly gain as a spike in U.S. COVID-19 infections underpinned...