Latest commodities news and market analysis
The S&P Global US Services PMI reached 54.6 in July, indicating an acceleration in economic activity and job creation.
The US Dollar is currently exhibiting a period of consolidation, influenced by rising global equities and stable oil prices.
Brent crude futures saw a decline, attributed to market speculation surrounding a potential temporary agreement involving the US, Iran, and
Gold (XAU/USD) advanced over 3.5% as weaker US labor figures and declining oil prices influenced Federal Reserve policy outlook.
Eurozone business activity saw a robust recovery in July, primarily driven by the services sector, with inflation showing signs of cooling.
This week's market focus for crude oil and gold shifts to upcoming economic data, which could significantly influence their near-term price
Global government bond yields and crude oil prices saw declines following reports of potential diplomatic advancements between the US and Ir
S&P 500 E-mini futures are approaching a significant resistance area, marked by a round number and channel boundary, with RSI signaling over
A proposed shipping lane agreement in the Strait of Hormuz, involving Iran and Oman, faces potential delays due to ongoing US-Iran tensions.
Gold prices extended gains, surpassing US$4,130, as market participants reacted to reports of a potential interim agreement concerning the S
New Zealand's unemployment rate increased to 5.6%, leading to a dip in the Kiwi dollar and potentially influencing the RBNZ's rate decision.
Gold prices extended gains for a third day, influenced by evolving US interest rate outlooks and steady institutional demand.
Recent Bank of Japan minutes indicate board members discussed increasing price risks, suggesting a more hawkish stance despite the June rate
China's services activity slowed considerably in July, reaching its lowest point since September 2024, raising questions about domestic dema
New Zealand's commodity prices experienced their most significant monthly decline since November 2022, primarily due to a substantial fall i
Bank of Japan's June meeting minutes show a decisive vote for a rate hike, signaling a continued focus on managing inflation risks.
Iran has refuted a US statement regarding open navigation in the Strait of Hormuz, potentially impacting recent oil market sentiment.
Gold prices eased in early Asian trading as market participants weighed ongoing US-Iran discussions against the Federal Reserve's monetary p
South Korea's central bank is reportedly preparing to re-enter the gold market after a 13-year absence, signaling a strategic shift.
US crude oil stockpiles saw an unexpected increase in the last week of July, according to the latest API data, defying analyst expectations.
Major stock indices recorded significant gains, prompting varied explanations from market observers regarding the underlying drivers.
Gold prices moved higher on Tuesday, supported by hopes for a diplomatic resolution in the Middle East and a retreat in US Treasury yields.
Iran's Foreign Ministry confirms ongoing discussions with Oman to establish a framework for secure commercial shipping in the Strait of Horm
Discussions suggest Iran might permit European nations to clear mines in the Strait of Hormuz, a critical oil transit chokepoint.