Latest commodities news and market analysis
Gold prices maintained recent gains above $2,350 on Thursday, with market participants awaiting key US employment data.
The Indian Rupee advanced against the US Dollar, influenced by a notable decline in global crude oil prices and ongoing US-Iran discussions.
Analyst forecasts indicate a notable deceleration in US job growth for June, with potential implications for the US Dollar.
South Korea's inflation reached a 2.5-year peak in June, strengthening expectations for an interest rate hike by the Bank of Korea.
Gold advanced in early Asian trading, recovering from recent lows as market participants reacted to Federal Reserve commentary and anticipat
Indirect discussions between the US and Iran in Doha concluded without agreement, maintaining uncertainty around the Strait of Hormuz.
New Zealand's central bank is anticipated to raise rates by 25 basis points in July, despite recent easing in global oil prices.
Silver prices have seen a modest rebound for a second day, though the precious metal remains below the $60 mark, near its annual low.
Crude oil futures settled at $68.58, marking their lowest close since late February, as geopolitical risk premium diminishes.
Mexico's Economy Minister expressed optimism about resolving trade disagreements with the U.S. and Canada under the USMCA agreement.
Discussions involving the US, Iran, and Qatar are underway in Doha, focusing on transit fees in the Strait of Hormuz and broader nuclear agr
West Texas Intermediate crude oil prices fell as improved flows through the Strait of Hormuz eased supply concerns, overshadowing recent US
An ECB governing council member indicates another rate hike is a reasonable expectation, with wage data clarity expected by autumn.
Weekly data from the EIA showed a larger-than-expected draw in gasoline stocks, while crude oil and distillates diverged from forecasts.
US crude oil stockpiles decreased by 3.775 million barrels last week, a smaller draw than the 5.1 million barrels analysts expected.
The Institute for Supply Management (ISM) reported a slowdown in US manufacturing expansion for June, with the PMI reaching 53.3.
Gold is stabilizing around the $4,000 level as market participants await crucial US labor statistics and remarks from the Federal Reserve Ch
ECB Governing Council member Pierre Wunsch indicated that stronger second-round inflation effects would be necessary to justify further mone
Industrial metals, particularly copper, saw price increases as markets reacted to US-Iran diplomatic developments and Red Sea shipping conce
Germany's manufacturing sector experienced slight growth in June, with an uptick in new orders and initial signs of easing cost pressures.
France's manufacturing PMI reached 51.2 in June, an improvement from May, yet key sub-indices signal ongoing challenges.
Gold has erased its early-year gains, falling over 7% below its starting point due to margin increases and persistent inflation.
An ECB governing council member indicates no immediate rush for further rate hikes, citing recent oil price declines.
South Korean exports experienced a significant surge, driven by robust demand for AI-related chips, even as the KOSPI index saw a decline.