Analysis: Commodities

South Africa's Harmony Gold first-half profit soars; reinstates dividend

South Africa's Harmony Gold Mining Co Ltd posted a more than three-fold surge in interim first-half profit on Tuesday, boosted by higher gold prices, increased output and the inclusion of the Mponeng...

Chilean miner Codelco says copper price spike will bolster war chest, raise costs

Chile's state-owned Codelco, the world's largest copper producer, views the recent spike in the price of the red metal as a good opportunity to generate cash for investments and hold down debt, but...

Platts to add U.S. WTI crude to dated Brent benchmark

S&P Global Platts has decided to include U.S. crude grade West Texas Intermediate Midland in its dated Brent oil price assessment, the first crude from outside the North Sea to be added to the global...

EU envisages 1 billion euros aid to Ivory Coast to meet sustainable cocoa laws

The European Union envisages providing around one billion euros over six years to aid Ivory Coast's cocoa sector as it adapts to EU supply chain laws due to be introduced later this year, its envoy in...

Gold hits lowest in more than seven months as rising yields dent appeal

Gold recouped some losses on Friday after dropping to its lowest in more than seven months, but stayed on course for its biggest weekly drop since end-November as rising U.S. Treasury yields eroded...

Gold holds near multi-month lows as U.S. yields advance

Gold held near 11-week lows in choppy trading on Thursday as investor optimism for a global economic recovery raised U.S. Treasury yields and made the precious metal less attractive. ...

Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed...

Luckin Coffee's CEO inquiry finds no evidence of misconduct

Chinese coffee chain Luckin Coffee said on Wednesday its board had found no evidence of misconduct by Chief Executive Jinyi Guo during a month-long investigation into allegations made by some...

Gold sags on strong U.S. bond yields, firmer dollar

Gold slipped to its lowest in over two months on Wednesday as surging U.S. Treasury yields and a firmer dollar continued to take a toll on the metal. ...

Oil settles near 13-month highs; Texas deep freeze supports

Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas....

Gold prices slump on rising yields while platinum retreats

* There are signs of speculative excess in platinum -analyst * Benchmark U.S. yields at highest since February 2020 * Minutes of U.S. Fed's January meeting due on Wednesday By K. Sathya...

Gold, silver funds see biggest weekly outflows in three months

Gold and silver mutual funds and ETFs witnessed the biggest outflows in three months in the week ended Feb. 10 as investors put their money into soaring equities and high-yielding bond markets....

Platinum rally pauses after scaling 6-1/2-year high

Platinum retreated from a near 6-1/2-year high on Tuesday as prices hit a technical resistance, although expectations that a rebound in the global economy would stoke demand kept the autocatalyst...

Johnson Matthey : Brighter demand outlook powers platinum to six-year high

Platinum prices climbed to their highest level in over six years on Monday, buoyed by expectations of a wider supply-demand deficit for the industrial metal as investors bet on a swift global economic...

Gold steadies as dollar pauses; platinum set for over 10% weekly gain

Gold recovered earlier losses to steady on Friday as the dollar pulled back from session highs, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in...

India's sugar exports to drop more than 24% in 2020-21 - trade body

India's sugar exports are likely to drop more than 24% in the current year to September due to logistical constraints such as a shortage of containers and congestion at the country's ports, a leading...

Platinum hovers near 6-year peak as markets bet on auto recovery

Platinum extended its gains into a fifth straight session on Thursday, holding near more than a six-year high, with analysts expecting further upside driven by higher demand from the automobile sector...

India rice rates anchored near 3-year peak on strong export demand

Rice export prices in India, the top exporter of the staple, remained anchored near a three-year high this week as other Asian and African buyers continued purchases, shrugging off the uptick in rates...

Miner Kinross Gold beats profit estimates on higher prices

Canadian miner Kinross Gold Corp beat analysts' estimates for quarterly profit on Wednesday as a surge in gold prices cushioned the blow from lower output. ...