Gold holds near multi-month lows as U.S. yields advance

Gold holds near multi-month lows as U.S. yields advance

Gold held near 11-week lows in choppy trading on Thursday as investor optimism for a global economic recovery raised U.S. Treasury yields and made the precious metal less attractive. ...
February 18, 2021 at 09:38 pm IST
Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed...
February 18, 2021 at 10:06 am IST
Luckin Coffee's CEO inquiry finds no evidence of misconduct

Luckin Coffee's CEO inquiry finds no evidence of misconduct

Chinese coffee chain Luckin Coffee said on Wednesday its board had found no evidence of misconduct by Chief Executive Jinyi Guo during a month-long investigation into allegations made by some...
February 17, 2021 at 07:06 pm IST
Gold sags on strong U.S. bond yields, firmer dollar

Gold sags on strong U.S. bond yields, firmer dollar

Gold slipped to its lowest in over two months on Wednesday as surging U.S. Treasury yields and a firmer dollar continued to take a toll on the metal. ...
February 17, 2021 at 06:32 pm IST
Oil settles near 13-month highs; Texas deep freeze supports

Oil settles near 13-month highs; Texas deep freeze supports

Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas....
February 17, 2021 at 01:39 am IST
Gold prices slump on rising yields while platinum retreats

Gold prices slump on rising yields while platinum retreats

* There are signs of speculative excess in platinum -analyst * Benchmark U.S. yields at highest since February 2020 * Minutes of U.S. Fed's January meeting due on Wednesday By K. Sathya...
February 16, 2021 at 09:14 pm IST
Gold, silver funds see biggest weekly outflows in three months

Gold, silver funds see biggest weekly outflows in three months

Gold and silver mutual funds and ETFs witnessed the biggest outflows in three months in the week ended Feb. 10 as investors put their money into soaring equities and high-yielding bond markets....
February 16, 2021 at 12:40 pm IST
Platinum rally pauses after scaling 6-1/2-year high

Platinum rally pauses after scaling 6-1/2-year high

Platinum retreated from a near 6-1/2-year high on Tuesday as prices hit a technical resistance, although expectations that a rebound in the global economy would stoke demand kept the autocatalyst...
February 16, 2021 at 09:27 am IST
Johnson Matthey :  Brighter demand outlook powers platinum to six-year high

Johnson Matthey : Brighter demand outlook powers platinum to six-year high

Platinum prices climbed to their highest level in over six years on Monday, buoyed by expectations of a wider supply-demand deficit for the industrial metal as investors bet on a swift global economic...
February 15, 2021 at 10:21 pm IST
Gold steadies as dollar pauses; platinum set for over 10% weekly gain

Gold steadies as dollar pauses; platinum set for over 10% weekly gain

Gold recovered earlier losses to steady on Friday as the dollar pulled back from session highs, while platinum was headed for its biggest weekly rise since March 2020 on expectations for a revival in...
February 12, 2021 at 10:03 pm IST
India's sugar exports to drop more than 24% in 2020-21 - trade body

India's sugar exports to drop more than 24% in 2020-21 - trade body

India's sugar exports are likely to drop more than 24% in the current year to September due to logistical constraints such as a shortage of containers and congestion at the country's ports, a leading...
February 11, 2021 at 10:51 pm IST
Platinum hovers near 6-year peak as markets bet on auto recovery

Platinum hovers near 6-year peak as markets bet on auto recovery

Platinum extended its gains into a fifth straight session on Thursday, holding near more than a six-year high, with analysts expecting further upside driven by higher demand from the automobile sector...
February 11, 2021 at 09:47 pm IST
India rice rates anchored near 3-year peak on strong export demand

India rice rates anchored near 3-year peak on strong export demand

Rice export prices in India, the top exporter of the staple, remained anchored near a three-year high this week as other Asian and African buyers continued purchases, shrugging off the uptick in rates...
February 11, 2021 at 08:52 pm IST
Miner Kinross Gold beats profit estimates on higher prices

Miner Kinross Gold beats profit estimates on higher prices

Canadian miner Kinross Gold Corp beat analysts' estimates for quarterly profit on Wednesday as a surge in gold prices cushioned the blow from lower output. ...
February 11, 2021 at 05:14 am IST
Platinum scales six-year peak, gold gains as dollar stumbles

Platinum scales six-year peak, gold gains as dollar stumbles

Platinum raced to a six-year peak on Wednesday on hopes of a fillip to demand for the auto-catalyst as the economy recovers, with gold and other precious metals also boosted by a softer dollar and...
February 10, 2021 at 09:46 pm IST
Road freight prices from France to Britain jump 50% in January - data

Road freight prices from France to Britain jump 50% in January - data

Freight prices for moving goods by road from France to Britain rose by 50% in January compared with the same month a year ago after lorry drivers demanded higher payments to operate in the UK after...
February 10, 2021 at 08:35 pm IST
Gold Fields sees 2020 earnings jump thanks to gold price

Gold Fields sees 2020 earnings jump thanks to gold price

Gold Fields Limited said basic earnings per share for the full-year 2020 will range from $0.80 to $0.84, or 300% to 320% higher than the figure for the previous year, thanks to strong gold prices and...
February 10, 2021 at 03:45 pm IST
Vietnam to impose 34% anti-dumping tax on sugar imports from Thailand

Vietnam to impose 34% anti-dumping tax on sugar imports from Thailand

Vietnam said it planned to impose anti-dumping duties on raw sugar that originates in Thailand, claiming soaring imports are undermining its domestic sugar industry....
February 10, 2021 at 03:03 pm IST
Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders' emphasis on natural gas after a recent push into crude oil....
February 10, 2021 at 03:40 am IST
Oil prices surge for seventh straight day of gains

Oil prices surge for seventh straight day of gains

Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep a lid on...
February 10, 2021 at 02:13 am IST