Commodities & Futures News

Commodities & Futures News

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18 Jun

Gold Prices Pare Gains as Trump Fuels Trade Talk Hopes

Gold Prices Pare Gains As Trump Fuels Trade Talk Hopes

Gold prices pared gains on Tuesday after U.S. President Donald Trump confirmed he would meet with Chinese counterpart Xi Jinping at the G20 meeting next week, shining a ray of hope that trade discussions between the world’s two largest economies could advance.

18 Jun

Oil Prices Pressured by Global Growth Concerns

Oil Prices Pressured By Global Growth Concerns

Oil prices were lower for a second day on Tuesday, weighed down by worries that global economic growth is being hit by the U.S.-China trade war, although losses were limited by tensions in the Middle East after last week's tanker attacks.

18 Jun

Gold Prices Rise; All Eyes on Fed

Gold Prices Rise; All Eyes On Fed

Gold prices rose on Tuesday in Asia as traders await the highly-anticipated Federal Reserve meeting that is set to kick off later in the day.

17 Jun

U.S. shale oil output to rise to record 8.52 mln bpd in July -EIA

U.S. Shale Oil Output To Rise To Record 8.52 Mln Bpd In July -EIA

NEW YORK U.S. oil output from seven major shale formations is expected to rise by about 70,000 barrels per day (bpd) in July to a record 8.52 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday.

17 Jun

Iran, Russia talks end without deal on OPEC+ meeting date

Iran, Russia Talks End Without Deal On OPEC+ Meeting Date

LONDON (Reuters) - Iran's oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering.

17 Jun

China, U.S. pushed trade barriers to record high in 2018: EU

China, U.S. Pushed Trade Barriers To Record High In 2018: EU

BRUSSELS (Reuters) - Protectionism across the globe reached a record high last year due to new barriers designed to restrict trade into China and the United States, according to a report by the European Commission published on Monday.

17 Jun

Gold Prices Reflect Caution Ahead of Fed Meeting

Gold Prices Reflect Caution Ahead Of Fed Meeting

Gold prices were little changed on Monday, losing steam after five consecutive sessions of gains as investors turned cautious despite expectations for hints at looser policy from the Federal Reserve.