Thu, March 28, 2024

Commodities

Spot price of gold is on the rise

Gold Up More than 1% on Unemployment Benefits in the US

Gold prices rebounded on Thursday despite a rise in the dollar as US yields rose. Moreover, gold has been unable to obtain refugee status, but its volatility remains high and will continue to generate volatile price action.  After a larger-than-expected rise in US jobless claims, the riskiest assets unleashed. They doubled after the record levels …

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Commodity Trading

Investors Pressure Commodity Markets to Record High Trade

Trading activity in China’s commodity markets is skyrocketing. Investors increasingly shield themselves from risk, pushing open interest and trading volumes in the futures markets to a record and multi-year levels in March. The Shanghai Futures Exchange (SHFE), known for its base metal contracts, observed an open interest volume in March at 7.3 million. Meanwhile, trading …

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Corn prices decline as traders assess Ukraine crisis

Corn Planting in the US could be the 2nd-largest in History

The United States Department of Agriculture (USDA) reported the first intentions for planting the new campaign in North America and the quarterly stocks. The stock data impacts in the short term are optimistic in corn and neutral in soybeans and wheat. In Chicago, soybeans closed with a rise of US $ 1.33 to the US …

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Wibest – IMF: Gold bars on top of gold nuggets.

Gold is Still An Active Refuge in the Times of A Crisis

Many experts in the economy can verify that the coronavirus pandemic has caused an excessive increase in free sales.  Analysts argue that the situation shows how fragile today’s dollarized financial world is. The massive purchase of gold is a typical sign of panic. The coronavirus crisis has disrupted the forecasts of governments, companies, and investors …

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Oil Inventory Report - Prices dropped amid US-China Trade Talks - Wibest Broker

Oil May Drop Below $20: U.S. Pressures to End the Price War 

The U.S. increased pressure on leading oil producers to change their supply strategy to prevent the oil price war. Market analysts predict that the blow on demand will result in a drop in prices below $20 per barrel in the second quarter of the year. Market pundits assume that the destruction in demand is inevitable.  …

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Soybean may obtain more gains

Residents of India Fume as Prices of Food Commodities Rise

On Thursday, the district administration of India provided a channel for the delivery of commodities to all households. Still, residents complained of low availability of food items and a steep rise in the prices of products. The affected population resides in the surrounding area of Chhoti Nadi and Bari Nadi. Many families in these areas …

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Wibest – Grain Market: Soybeans

Soybean Prices Remain High, Despite an Increase of Supply

Soybean futures in Chicago show high volatility. In May soybean futures settled 5¼¢ lower at $8.81¼. In July soybean futures closed 2¾¢ higher at $8.84¾.l Diverse factors have influenced the soybean market. The main reason for the pressure of the prices is the coronavirus, which reduced demand from China. Now the outbreak is suspending ports …

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Gold reached more than a six-year high today

Gold Climbs More Than 4% – Fed took new measures

Gold prices jumped more than 4% on Monday, reversing previous losses. Investor confidence was boosted by the Fed’s aggressive new measures to combat the economic impact of the coronavirus outbreak. The Federal Reserve announced that the US central bank would very aggressively buy more securities.  The metal prices climbed from modestly higher levels to sharp …

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zinc and copper

National Copper Company of Iran Plans for Production Jump

According to the director of the National Iranian Copper Industries Company, it has been working to provide a platform for more production and investment in the past year. The company declares that as a result of last year’s achievements and plans for the current year, they will see a 6-year production jump. In an interview …

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Wibest – China: Yuan bills

China’s Commodity Sector is Recovering Slowly

After being crushed by the coronavirus, China’s gigantic commodities industry is making a gradual but uneven return to normality. Oil and coal use slowly trend higher since factories resume operation, and people return to work. Metal’s stockpiles are still growing. Soybean processing has decreased due to a drop-off in imports. Investors are hoping that China’s …

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Concerns about supply shortages are growing

Concerns about supply shortages are growing

Extensive purchases of masks and sanitizers by people to cope with the virus outbreak has caused these products to disappear from the market. Consequently, their prices have increased. Moreover, merchants are selling items, regardless of the rates set by the government. Since demand for the face masks and sanitizers has risen in the market, profiteers …

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