Analysis: Commodities

Gold charges toward $2,000, stocks climb on stimulus hopes

Gold surged to a record high on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy and a broad swath of Wall Street edged up...

Gold peaks near $2,000/oz on signs of progress in U.S. stimulus aid

Gold prices hit an all-time high on Tuesday after a top U.S. Senate Democratic leader said that Democrats and the White House were closer to an agreement on the stimulus bill to help the virus-hit...

India's July gold imports drop 24% as prices surge to record - government source

India's gold imports in July fell 24% from a year earlier as a rally in local prices to a record high curtailed retail purchases amid lockdown in many towns to curb the spread of the coronavirus, a...

Gold pulls back from record high as dollar rebound weighs

Gold prices retreated from a record high on Monday after the dollar strengthened and investors booked some profits, with the focus now on proposals for new U.S. coronavirus aid to extend relief...

Cheaper cocoa may not be a recipe for lower chocolate prices

Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the...

Cocoa prices seen weakening by end-2020 as COVID-19 curbs demand

London cocoa futures are forecast to end the year 10% down from current levels as the slow re-opening of economies shut down by COVID-19 weighs on demand while supply prospects for next season...

Gold retreats from record peak as dollar firms

Gold hit a record high on Monday as fears over the economic fallout from rising coronavirus cases bolstered its safe-haven appeal, before inching lower as a bounce in the dollar fuelled some...

Coffee prices seen rising slightly by end-2020 despite higher surplus

Coffee prices, both for arabica and robusta futures, are seen rising slightly by the end of 2020 from current values despite an overall view of a larger surplus in the 2020-21 season, a Reuters poll...

India's June crude oil imports lowest in over five years; exports dip

India's crude oil imports fell in June to their lowest level since February 2015, while year-on-year refined product exports declined for the first time in almost a year, government data showed on...

Gold set for best month in four years; silver eyes record monthly gain

Gold rose on Friday, trading near its all time peak, as a sliding dollar and dire economic numbers from far and wide sparked a rush to safety in bullion, which is on course for its biggest monthly...

China says to penalise Luckin Coffee for accounting fraud

Chinese regulators said they would penalise Luckin Coffee after confirming accounting fraud that has already forced the company to delist from the U.S. Nasdaq exchange.

Gold slides alongside equities on U.S. election doubts

Gold prices fell sharply on Thursday, drifting away from a record peak hit earlier this week, as a slump in U.S. GDP and President Donald Trump's tweet about delaying the upcoming U.S. elections...

Investor gold rush in the west offsets collapse of Asian market - WGC

A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first...

Canadian miner Agnico Eagle boosts production outlook as gold prices surge

Canada's Agnico Eagle Mines raised the low-end of its production outlook for the year, benefiting from a surge in gold prices and a ramp up in operations after coronavirus-led shutdowns.

Gold pauses as markets seek confirmation on Fed policy

Gold eased on Wednesday as investors booked profits from a record run and caution set in as investors awaited the end of a U.S. Federal Reserve meeting expected to reinforce dovish policy to aid a...

Vietnam's Jan-July coffee exports drop 0.1%, rice down 1.4%

Vietnam's coffee exports in the first seven months of the year are expected to drop 1.4% from a year earlier to 1.06 million tonnes, and rice exports will likely drop 1.4%, government data released on...

Equities dip, safe havens rise as U.S. stimulus talks stall

An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold,...

Record rally for gold falters ahead of U.S. Fed meeting

Gold gained on Tuesday ahead of a U.S. Federal Reserve policy meeting which is expected to provide more monetary stimulus to support the coronavirus-hit economy, though bullion pulled back from an...

Goldman hikes 12-month gold price forecast to $2,300

Goldman Sachs on Tuesday raised its 12-month gold price forecast to $2,300 per troy ounce , aided by expectations of more downside in U.S. real interest rates and a favourable environment for the...