Latest commodities news and market analysis
General Mills observes US consumers remain under financial pressure, influencing purchasing habits, with no anticipated improvement.
Gold prices are set for their first weekly gain in five, supported by a weaker US dollar and adjusted Federal Reserve rate hike forecasts.
Gold prices have seen an upward movement, building on recent momentum from a softer US dollar and indications of renewed buying interest.
Market expectations for interest rate adjustments have softened globally, influenced by declining oil prices and recent inflation data.
The Euro's recent gains against the US Dollar appear to be losing momentum, with market participants questioning further ECB rate hikes.
Silver prices (XAG/USD) experienced an increase on Friday, with market data indicating a notable daily percentage rise.
Germany's services sector saw a third consecutive month of declining activity in June, though the pace of contraction eased slightly.
Gold prices in the Philippines saw an increase on Friday, reflecting broader movements observed in international commodity markets.
Gold prices in the United Arab Emirates saw an increase on Friday, reflecting broader movements observed in international markets.
Asian equities recovered early losses, while central banks in Japan and the EU discussed inflation and monetary policy adjustments.
UBS suggests market expectations for Federal Reserve rate hikes are excessive, anticipating the central bank will maintain current rates.
The Canadian dollar saw a decline against the US dollar as crude oil prices fell, while US economic data added to market complexities.
Canadian Prime Minister Carney confirmed the Trans Mountain pipeline expansion will follow a southern route, addressing key project hurdles.
Japan's services activity showed notable growth in June, while input costs experienced their fastest increase since mid-2022, per S&P Global
New Zealand's consumer confidence improved in June, with a notable decline in inflation expectations suggesting a potential easing of price
ECB President Christine Lagarde affirmed the recent interest rate increase, citing persistent core inflation and a resilient labor market.
Saudi Arabia's oil exports via the Strait of Hormuz have significantly increased, indicating a clearance of backlogged tankers and renewed l
Oil benchmarks saw modest gains as Strait of Hormuz flows resumed and US-Iran talks progressed, though UBS revised price forecasts downward.
The US dollar softened after June's non-farm payrolls fell short of expectations, though market moves were muted by pre-holiday flows.
The USD/CHF currency pair declined on Thursday, pressured by disappointing US economic indicators that weakened the US Dollar.
Gold prices advanced significantly after the latest US jobs report lessened expectations for a Federal Reserve rate increase, weakening the
The Australian dollar gained against the USD today, moving above key moving averages, but encountered resistance near a Fibonacci retracemen
Technology stocks on the Nasdaq saw declines following the US holiday, as investor optimism waned amid concerns over AI sector demand.
Gold experienced a significant rebound, driven by buyers defending a crucial technical support level following an earlier price decline.