Latest commodities news and market analysis
Escalating US-Iran exchanges following recent fatalities are maintaining a geopolitical risk premium in crude oil markets, with traders moni
Silver recorded a modest recovery on Friday, though it remained on track for a significant weekly decline following a new year-to-date low.
US equities closed lower as investor anxieties about AI technology's future and varied economic indicators weighed on sentiment.
A Goldman Sachs index tracking retail investor favorite stocks is on track for its sharpest monthly drop since April 2022, down 12% so far.
Non-commercial net long positions in crude oil, as reported by the CFTC, decreased from 75.7K to 62.7K.
Net non-commercial positions in gold, as reported by the CFTC, decreased from $194.2K to $186.7K in the latest reporting period.
Examining historical technology trends suggests that the primary wealth creators from AI might not be the foundational model developers.
Crude oil prices advanced significantly following reports of an incident in the Strait of Hormuz and record-high refining margins.
The latest Baker Hughes report indicates an increase in active US oil rigs, coinciding with a notable rise in crude oil prices.
The Euro maintained a steady position against the US Dollar on Friday as market participants evaluated central bank interest rate trajectori
The British Pound weakened for a second consecutive day against the US Dollar, influenced by increasing oil prices and renewed inflation fea
West Texas Intermediate crude oil prices advanced significantly, driven by escalating geopolitical tensions in the Middle East.
Reports suggest the US is increasing aerial refueling capabilities in Israel, signaling potential military considerations regarding Iran.
Upcoming earnings from major companies like Domino's, Ryanair, and Steel Dynamics could offer crucial insights into economic health.
A new Chinese AI model and speculation about struggling investment funds are contributing to recent declines in the technology sector.
Gold (XAU/USD) is showing modest gains on Friday, trading near its year-to-date low, with upward movement encountering resistance.
Final data confirms a slight cooling of inflation in the Euro area during June, primarily driven by a notable drop in energy costs.
Silver (XAG/USD) experienced a slight decline on Friday, trading at $55.44 per troy ounce, a modest dip from its prior close.
Gold prices in the Philippines saw an increase on Friday, reflecting broader movements in the international commodity markets.
Gold prices in the United Arab Emirates saw an increase on Friday, reflecting broader market dynamics, according to FXStreet data.
Gold prices in Pakistan experienced an increase on Friday, reflecting broader market movements and local demand dynamics.
Vessel traffic, particularly for crude oil and LNG, has sharply declined in the Strait of Hormuz amidst ongoing regional hostilities.
Asian technology shares experienced a downturn as the artificial intelligence rally slowed, while crude oil prices recorded their largest we
Crude oil prices remained largely stable despite new reports of regional strikes, indicating market focus on actual supply disruptions.