Latest commodities news and market analysis
A recent survey indicates long global semiconductors are the most popular trade, driven by economic optimism and AI investment.
The Indian Rupee experienced a notable decline against the US Dollar, influenced by rising oil prices and US Treasury yields.
Oil futures have seen a significant rise this month, driven by escalating geopolitical tensions surrounding the Strait of Hormuz.
Financial markets are closely watching the US Consumer Price Index (CPI) report for June, with inflation data influencing central bank expec
Asian currencies showed mixed movements as robust Chinese trade data and hawkish RBNZ comments influenced market sentiment.
China's trade figures for June significantly exceeded expectations, driven by strong export performance and a notable increase in imports.
New Zealand Dollar gained after RBNZ Chief Economist Conway reiterated the central bank's commitment to combat inflation.
Economists anticipate a headline decline in US June CPI, primarily due to lower gasoline costs, but core inflation metrics remain a concern
Silver prices extended declines for a third day, influenced by a stronger US dollar and increased bets on further Federal Reserve interest r
Gold prices declined to a two-week low as surging oil prices fueled expectations of further interest rate hikes by the Federal Reserve.
Australian business confidence and conditions saw improvement in June, though some data points may not reflect recent market shifts.
The European Union has implemented new sanctions targeting gold from Sudan, aiming to disrupt a key funding source for the ongoing conflict.
Gold experienced a decline, trading near $3,995 in early Asian session, influenced by rising US-Iran tensions and upcoming US CPI data.
Iranian missiles struck two UAE tankers in the Strait of Hormuz, causing casualties and raising concerns about broader regional conflict.
A tanker reportedly struck by a projectile near Oman highlights escalating maritime risks, potentially impacting global shipping and oil mar
New Zealand's central bank indicates potential for more interest rate hikes, citing persistent inflation pressures despite recent oil price
Key economic data from New Zealand and China on Tuesday could offer insights into regional economic health and recovery narratives.
Major US stock indexes closed lower, with the tech-heavy Nasdaq experiencing the most significant drop amid broad-based selling pressure.
The US Dollar Index advanced as geopolitical concerns in the Middle East spurred safe-haven demand and pushed crude oil prices higher.
Crude oil futures experienced their most substantial daily increase since late April, driven by heightened geopolitical events.
Gold prices fell significantly on Monday following Federal Reserve Governor Christopher Waller's comments on potential interest rate hikes.
The British Pound weakened against the US Dollar as escalating Middle East tensions drove up oil prices, bolstering the greenback.
Reports of an attack on Abha International Airport in Saudi Arabia have sent crude oil prices higher, nearing recent peak levels.
A Federal Reserve official indicated that another elevated core inflation report could prompt a discussion on further interest rate increase