Latest commodities news and market analysis
Oil prices fell over 2% despite low vessel transits in the Strait of Hormuz, as the Federal Reserve's rate path remains uncertain.
Abu Dhabi National Oil Company (Adnoc) stated that two of its vessels experienced attacks in the Strait of Hormuz.
US equities advanced to new highs amid declining oil and bond yields, as traders assessed fresh inflation data and Federal Reserve remarks.
Silver prices advanced significantly as recent inflation data suggested a potential cooling in the broader economic environment.
European stock markets concluded lower, diverging from US tech gains, as producer inflation data softened and mining shares weighed.
Standard Chartered has increased its Indian CPI inflation forecast for fiscal year 2027 to 4.9%, citing expected rises in food and fuel cost
The Canadian Dollar held steady against the US Dollar, influenced by a weaker greenback and declining crude oil prices.
Crude oil experienced a notable price drop, leaving market observers uncertain about the specific catalysts despite ongoing geopolitical ten
Crude oil futures have moved lower, with bearish momentum accelerating after prices fell below the 100-hour moving average.
A Federal Reserve official recently highlighted the necessity of monetary policy restraint to effectively mitigate persistent inflation pres
Richmond Fed President Thomas Barkin indicates the Federal Reserve is still assessing if further rate hikes are necessary to curb inflation.
Gold prices eased slightly on Thursday after encountering resistance near $4,450, but maintained position above the $4,380 support.
A significant majority of economists anticipate the European Central Bank will increase its deposit facility rate by 25 basis points next mo
US stocks show positive movement, largely fueled by artificial intelligence sector gains, as inflation data influences market sentiment.
Gold's recent advance stalled despite US inflation figures, with Middle East tensions and technical levels influencing market direction.
July US CPI met expectations, offering some relief to the Federal Reserve, though market attention now turns to geopolitical risks and bond
Crude oil futures saw modest declines following reports of potential asset transfers between the UAE and Iran, alongside broader market move
Crude oil prices show an impulsive structure from early July lows, suggesting potential for continued upward movement according to technical
The Canadian Dollar showed resilience against the US Dollar, as broader greenback softness counteracted the impact of declining crude oil pr
Despite recent activity, Japan maintains substantial foreign reserves, indicating ample capacity for additional yen support if deemed necess
Goldman Sachs suggests that a weakening of the US dollar or a Bank of Japan policy disappointment could prompt new yen intervention.
New Zealand's upcoming inflation expectations survey is drawing attention due to a notable split in forecasts from major banks.
Crude oil prices extended gains, driven by persistent geopolitical risks in the Middle East and a notable divergence in shipping data.
Despite a less aggressive Federal Reserve stance weakening the US Dollar, commodity-linked currencies have struggled for sustained appreciat