Thu, May 16, 2024

Commodities

Pile of Gold bars.

US Fed: After Kicking 1-week high, Gold Prices Stable

On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold prices were a little moved. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,421.7 a troy ounce, higher 0.06%. Closing record highs overnight, …

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Stack of gold bars.

Gold Prices Strengthen amid Global Trade Qualms

On Wednesday, in Asia amid global trade worries, gold prices increased. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,429.75 a troy ounce, up 1.5%. Agreement on resuming trade talks were done by U.S. President Donald Trump and Chinese leader Xi Jinping. Even after White House trade …

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Wibest Broker — African: Pigs in truck transport from farm to slaughterhouse.

China Raises Incentives to Enhance Pork Supplies

Citing the country’s agriculture ministry, after an outbreak of African swine fever, China has set to provide more incentives in stimulating hog breeding and sustaining pork supplies. Prices are expected to jump as much as 70% is set to jump on its prices. In the analysis made by the bank’s animal protein analysts, an estimated …

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Four cast gold bars of different size isolated on white background.

Gold Nears 6-year High as US-Iran Strain Persists

On Tuesday, with the persisting conflict in the Middle East, gold prices strengthened in Asia. August delivery of Gold futures increased by about 1.5% at $1,439.30. The Comex division of the New York Mercantile Exchange reported the increase. Spot gold climbed up 0.3% at $1,402.50 per ounce, bearing a fifth straight session of gains. Gold …

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Oil Inventory Report: The icon shows a group of oil barrel and a plunge in oil.

Oil Slows Progress on Venezuelan Export Qualms

OIL INVENTORY REPORT – On Tuesday, oil prices trimmed down their gains after global measures of Brent crude strengthened above $73 a barrel. Meanwhile, doubts rose as Venezuelan President Nicolas Maduro wants uprising on possibilities of hitting the country’s crude exports as the market grew less. As military backing were called by Venezuelan opposition leader …

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