Latest commodities news and market analysis
Financial analysts widely anticipate a 25 basis point rate increase from the Bank of Korea, with focus now on future policy signals.
Reports of attacks in Kuwait and Bahrain, alongside new US strikes in Iran, signal a broadening conflict, impacting oil market sentiment.
Gold prices moved higher in early Asian trading, supported by an unexpected drop in US producer inflation data for June.
Iran has released an American citizen detained since 2024, prompting a positive comment from former US President Donald Trump.
New research from the St. Louis Fed suggests an alternative method for gauging underlying inflation, potentially influencing future policy d
The Thai Baht's appreciation against the US Dollar proved short-lived, with elevated crude oil prices limiting further strengthening.
Former President Trump commented on Iran's readiness for negotiations while reports surfaced on potential US military expansions in the regi
US forces conducted a second round of strikes today against Iranian military capabilities, focusing on threats to Strait of Hormuz shipping.
The US Dollar Index (DXY) extended its decline after June's Producer Price Index (PPI) data indicated a larger-than-anticipated softening in
Crude oil futures closed modestly higher after fluctuating within a defined range, with technical levels remaining key for future direction.
Silver prices retreated on Wednesday, unable to benefit from a weaker US dollar as market participants continued to anticipate a hawkish Fed
The White House is reportedly considering prolonging Jones Act waivers, a move that could impact domestic fuel transport and prices.
US crude inventories decreased less than anticipated, while gasoline stocks fell and distillates saw a significant build.
The Euro's recent advance against the US Dollar faces headwinds from escalating oil and European natural gas prices, according to ING analys
The Bank of Canada maintained its key interest rate at 2.25%, noting signs of economic improvement and an expectation for inflation to ease.
Canada's central bank held its benchmark rate at 2.25%, observing domestic economic improvement alongside global uncertainties.
US equity futures recorded slight increases, building on previous gains, as attention remains divided between inflation data and geopolitica
Spain's annual inflation rate remained at 3.2% in June, consistent with the prior month, while core inflation saw a slight dip.
An ECB governing council member noted that recent Middle East developments have reignited concerns about inflation and economic growth.
The Euro advanced against the British Pound on Wednesday, driven by increasing oil prices and subsequent adjustments to European Central Ban
An ECB policymaker affirmed the central bank's commitment to achieving its inflation target, noting current data offers some flexibility.
Gold maintained modest losses during Asian trading, holding above $4,000, as Federal Reserve rate hike expectations curbed gains from a weak
Gold prices in Saudi Arabia experienced a downturn on Wednesday, reflecting broader movements in the international commodity markets.
US Consumer Price Index data for June showed a notable slowdown in inflation, primarily due to a significant decline in gasoline prices.