Commodities

Gold slips as dollar gains: are bears in charge?

Gold prices fell slightly on Monday on the back of a stronger dollar, which limited demand for the yellow metal.  The Federal Reserve’s hawkish tone about interest rate cuts in 2025 also weighed on sentiments.  The price of gold has been st...

Can oil prices continue stellar run despite dollar strength?

Oil has had a stellar start to the new year with prices climbing more than 3% since the close on December 31.  The positive start to the year is despite a comfortable outlook for market balances in 2025.  Increasing demand for crude grades...

Oklo stock is soaring amid the modular nuclear boom: is it a buy?

Oklo’s stock price has gone vertical and moved to a record high as investors bet on the Sam Altman-backed company. On Friday, it soared by over 24%, reaching a high of $27.35, a few points below its all-time high. This surge pushed its market c...

Can bullion post further gains amid a rising dollar?

Gold and silver have had a stellar start to the year so far with prices rising from the last trading day of 2024.  “Gold market bulls have been impressed recently by the yellow metal’s resilience and even good price strength despite a solid rall...

Why has Finland seized an oil tanker carrying Russian oil?

A court in Finland denied a request to release an oil tanker, which is suspected to have damaged an undersea power line and four telecommunications cables in the Baltic Sea, according to a Reuters report.  The country had seized the oil tanker o...

Long Palladium: anticipating bullish momentum amid $900 support rebound and moving average confluence

Oil prices, 3 January: will cold weather and China optimism drive a boost?

Oil prices were flat on Friday after closing at their highest levels in more than two months in the previous session, as hopes of rising demand from China buoyed sentiments.  “Oil prices recently surged to two-month highs, driven by hopes for gl...

GLD ETF forecast as gold price forms a bullish pennant pattern

The SPDR Gold Trust (GLD) ETF could have another solid year as Wall Street analysts predicts more gains for gold. GLD, the biggest gold ETF, rose to a record high of $257.93 in October as gold peaked at near $2,800. So, what next for gold and the GLD...

Judge approves Citgo parent auction lawsuits: what it means

In a twist that could complicate the proceedings, a U.S. judge has granted the green light to lawsuits by three companies aiming to boost their chances of claiming money from selling shares in Citgo Petroleum’s parent company, PDV Holding. Acco...

Will lab-grown chocolate ever match the real thing?

Lab-grown chocolates could be an alternative, but may not be able to replace the real thing or provide resolutions to challenges in supply-chain, experts said.  Cocoa production in recent years has fallen sharply, raising concerns that the world...

Oil majors like BP, Shell shift focus back to oil and gas, delaying clean energy goals

Major energy companies in Europe focused on profits from oil and gas business in 2024, pushing back climate commitments, Reuters reported on Thursday.  According to the report, the trend is likely to continue in 2025 as well.  Governments a...

Bright future for aluminium prices in 2025? China’s production may slow down

Slower growth in production in China is likely to drive aluminium prices higher in the coming years, experts at Commerzbank AG said. The aluminium price experienced ups and downs in 2024, but those were not as pronounced as in copper. Aluminium price...

How high energy taxes are adding to industries’ woes in Europe?

High energy taxes are eroding the competitiveness of Europe’s industries, Leonhard Birnbaum, President of the industry group Eurelectric told Reuters. The European Union is drafting a package of measures to support struggling industries, but Birnbaum...

Concerns mount over Ecopetrol as Gustavo Petro allegedly meddles in company operations

Concerns over Ecopetrol, Colombia’s largest state-owned firm, are increasing as a strategic decision about its joint venture with Occidental Petroleum is imminent. Allegations of President Gustavo Petro’s involvement, combined with massiv...

Gold prices remain flat ahead of Fed decision; copper falls on poor demand

Gold prices remained flat for most of Wednesday as investors waited for the outcome of the US Federal Reserve’s two-day meeting later in the day.  Prices had fallen in the previous session as the market remained worried about the long-term outlo...

Analysis: How rising US oil output could erode OPEC’s market share

The Organization of the Petroleum Exporting Countries and its allies are wary of losing further market share to rising oil production in the US, according to a Reuters report.  Rising oil production from the US is also likely to hamper OPEC+ eff...

Oil prices struggle to hold gains amid faltering China demand

Oil prices were lower on Tuesday as weak demand from China dampened sentiments.  Investors were also cautiously waiting for the outcome of the US Federal Reserve’s policy meeting, which starts on Tuesday.  Refinery data from China showed ac...

Oil prices dip from last week’s high as investors take profits before Fed meeting

Oil prices fell from their recent highs last week as investors resorted to booking profits ahead of the US Federal Reserve two-day meeting, which begins on Tuesday.  Prices had climbed sharply last week on concerns over disruptions in Russia and...

Tighter wheat market likely to boost prices in 2025-26

A tighter wheat market over the next season could aid wheat prices in the coming year, according to experts.  The global wheat market is set to tighten over the 2024-25 season, with ending stocks declining 3.3% on a year-on-year basis to 258 mil...

Crude oil poised for weekly gains despite rising supply challenges

Oil prices were steady on Friday, and were on course for their first weekly gain since late November as supply fears boosted sentiments.  The bullish momentum was “supported by supply disruption fears stemming from geopolitical tensions and tigh...