Analysis: Commodities

Gold falls below $2,000 per ounce as dollar slide halts

Gold dipped below $2,000 an ounce on Wednesday partly in response to a pause in the dollar's slide as investors awaited more details on the U.S. Federal Reserve's strategy to revive the pandemic-hit...

Indonesia mulls palm oil levies increase to support biodiesel plans

Indonesia may further increase palm oil export levies in future to support its ambitious biodiesel programme as the price of crude oil is expected to remain weak next year, a senior Finance Ministry...

China's 2020 early rice output rises on year despite flooding impact

China's early rice output in 2020 rose from last year due to a significant increase in planting acreage, the statistics bureau said on Wednesday, even as flooding and rains in the southern part of the...

Gold firms near $2,000/oz on sliding dollar

Gold prices rose on Tuesday as the dollar plunged to two-year lows and the U.S. Treasury yields ticked lower, but the metal slipped below the key $2,000 an ounce mark after the S&P 500 touched record...

In the run-up to U.S. election, drilling lobby promotes natural gas as 'clean'

America's biggest oil and gas lobby group is ramping up its advertising spending ahead of the November election to persuade voters that natural gas is a climate-friendly fuel, according to ad buying...

Gold rises on soft dollar as focus turns to Fed

Gold rose on Monday, consolidating around the $1,950 mark after sliding 4.5% last week, buoyed by a weaker dollar as investors await the fine print on the U.S. Federal Reserve's strategy to stem the...

Dwindling gold demand pushes Chinese discounts to record high

Chinese discounts for physical gold scaled yet another record peak versus global spot rates this week as the COVID-19 pandemic continued to choke retail appetite, with even a price dip failing to lure...

South Korea imports no Iran crude oil for July - customs

S.Korea imports no Iran crude oil for July and a year ago, preliminary data from Korea Customs Service showed on Saturday....

Miner Sibanye-Stillwater sees profit in first-half on higher gold prices

Miner Sibanye-Stillwater said on Friday it expects to swing to a profit in the first half of 2020 on higher gold prices and a strong dollar as well as lower impact to its operations from the...

Chinese flat-rolled aluminium products in EU anti-dumping probe

The European Commission on Friday began an investigation into whether China is dumping flat-rolled aluminium products in the 27-country European Union based on a complaint by a European group of...

EU Commission opens anti-dumping probe into Chinese aluminium products

The European Commission on Friday began an investigation into whether China is dumping flat-rolled aluminium products in the 27-country European Union following a complaint.

India's July palm oil imports rise to 10-month high - trade body

India's palm oil imports in July rose 1.4% from a year ago to 824,078 tonnes, the highest level in 10 months, as a gradual easing of lockdowns increased demand for the tropical oil from hotels and...

Gold rush at Turkish bazaar a test of trust for lowly lira

Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.

Invesco cuts fees for gold ETF as low-costers gain market share

One of the world's largest gold-backed exchange traded funds , run by asset manager Invesco, has cut the fee it charges investors to compete better with lower cost funds that are increasing their...

Congo to meet miners to debate copper concentrate export waivers

Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in...

Gold rises 1% as weaker dollar bolsters appeal

Gold climbed 1% on Thursday on a softer dollar, consolidating further above the key $1,900 level, with an ultra-low interest rate environment and worries over global economic fallout from mounting...

Global stocks shake off stimulus doubts, gold goes wild

Stock markets held their own on Wednesday after doubts emerged about fresh U.S. stimulus, while it was another wild day for gold and silver and a tough one for Turkey's troubled lira.

Volatile gold rebounds above $1,900 as UK economy slumps

Gold rebounded in volatile trade on Wednesday, jumping above $1,900 after its steepest sell-off in seven years, as data showed Britain's economy shrank by a record 20.4% between April and June,...

Gold slumps below $1,900 as U.S. dollar, yields rise

Gold dropped more than 2% to break below the key $1,900 per ounce level on Wednesday as a resurgent dollar forced bullion investors to reassess their positions after a record-breaking price rally.