Gold gains as dollar slips, stimulus bets grow

Gold gains as dollar slips, stimulus bets grow

Gold jumped 1% to a one-week high on Tuesday, as a sliding dollar and hopes of more U.S. fiscal stimulus bolstered its appeal among investors seeking an inflation hedge....
February 09, 2021 at 09:50 pm IST
Indonesia's Pertamina 2021 crude oil imports seen up 50.4% y/y

Indonesia's Pertamina 2021 crude oil imports seen up 50.4% y/y

Indonesian state oil company PT Pertamina is estimated to increase its crude oil imports by 50.4% this year compared to 2020, its chief executive officer said on Tuesday, in an effort to reduce its...
February 09, 2021 at 10:57 am IST
Oil rises 2% to more than one-year high on supply cuts, stimulus hopes

Oil rises 2% to more than one-year high on supply cuts, stimulus hopes

Oil prices rose 2% on Monday to their highest in over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus....
February 09, 2021 at 01:38 am IST
Gold rises over 1% on expectations of large U.S. stimulus package

Gold rises over 1% on expectations of large U.S. stimulus package

Gold jumped more than 1% on Monday as expectations of a large U.S. economic stimulus package bolstered bullion's appeal as an inflation hedge. ...
February 08, 2021 at 10:52 pm IST
Sime Darby Plantation :  Buyers shun major Malaysian palm oil producers after forced labor allegations

Sime Darby Plantation : Buyers shun major Malaysian palm oil producers after forced labor allegations

Major palm oil buyers are seeking to block FGV Holdings and Sime Darby Plantations from their global supply chain after the United States banned imports from the two Malaysian producers, four sources...
February 08, 2021 at 01:15 pm IST
China aluminium sector must shut inefficient coal power to meet climate goals - report

China aluminium sector must shut inefficient coal power to meet climate goals - report

China's aluminium sector must shut dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, climate think...
February 07, 2021 at 09:48 pm IST
Gold gains as dollar retreats, U.S. jobs report signals slow recovery

Gold gains as dollar retreats, U.S. jobs report signals slow recovery

Gold rebounded above the $1,800 psychological level on Friday, helped by a retreat in the dollar and data showing slower-than-expected growth in U.S. employment underpinning the need for additional...
February 05, 2021 at 10:25 pm IST
Graphic:  Brent near $60 as OPEC+ cuts tighten oil market

Graphic: Brent near $60 as OPEC+ cuts tighten oil market

Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year....
February 05, 2021 at 06:44 pm IST
Ivory Coast cocoa grind up 8.3% in January, say exporters

Ivory Coast cocoa grind up 8.3% in January, say exporters

Ivory Coast cocoa grinders had processed 199,000 tonnes of beans by the end of January, up from 191,000 tonnes over the same period last season, data from the exporters' association GEPEX showed on...
February 05, 2021 at 03:30 pm IST
Malaysia end-Jan palm oil stocks seen rebounding as exports, output plunge

Malaysia end-Jan palm oil stocks seen rebounding as exports, output plunge

Malaysia's palm oil inventories at the end of January likely ticked up for the first time in four months, as a deep plunge in exports offset output which tumbled to near 5-year low, a Reuters survey...
February 05, 2021 at 10:32 am IST
Gold breaks below $1,800 as dollar, yields gain

Gold breaks below $1,800 as dollar, yields gain

Gold dropped more than 2% on Thursday to break below the key psychological $1,800 level as a rising dollar and U.S. Treasury yields eroded bullion's appeal....
February 04, 2021 at 10:45 pm IST
Indonesia's 2020 palm oil exports drop 9% -palm oil association

Indonesia's 2020 palm oil exports drop 9% -palm oil association

Indonesia's palm oil exports fell 9% last year as global demand was disrupted by the coronavirus pandemic, the Indonesian Palm Oil Association said on Thursday, while forecasting exports would...
February 04, 2021 at 01:49 pm IST
Indonesia minister says Freeport, Tsingshan finalising $2.8 billion copper smelter deal

Indonesia minister says Freeport, Tsingshan finalising $2.8 billion copper smelter deal

Freeport-McMoRan Inc is close to reaching a $2.8 billion deal with China's Tsingshan Holding Group to build a copper smelter in Indonesia's Weda Bay, senior minister Luhut Pandjaitan said on...
February 04, 2021 at 07:35 am IST
Silver claws back up as market looks past retail swings

Silver claws back up as market looks past retail swings

Silver rose more than 2% on Wednesday on bets for a pick-up in industrial demand, regaining some ground following a sharp retreat from a near eight-year peak scaled with the help of a social...
February 03, 2021 at 11:01 pm IST
Global equities rally as more U.S. stimulus looms, silver slides

Global equities rally as more U.S. stimulus looms, silver slides

Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting...
February 03, 2021 at 03:55 am IST
Silver dealers scramble to find supplies for retail buyers

Silver dealers scramble to find supplies for retail buyers

A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand....
February 02, 2021 at 09:09 pm IST
One billion ounces of silver traded in London on Monday as prices surged - LBMA

One billion ounces of silver traded in London on Monday as prices surged - LBMA

The amount of silver traded in the London market surged to 1.006 billion ounces on Monday, triple the level typical in recent months, as prices rocketed to their highest since 2013, the London Bullion...
February 02, 2021 at 06:08 pm IST
Silver slides from eight-year peak as retail frenzy fizzles out

Silver slides from eight-year peak as retail frenzy fizzles out

Silver fell more than 5% on Tuesday as a GameStop-style buying spree among small investors that took prices to a near eight-year peak appeared to fizzle out following a margin hike by the Chicago...
February 02, 2021 at 05:28 pm IST
Retail investors turn attention to silver as GameStop shares retreat

Retail investors turn attention to silver as GameStop shares retreat

A social media-driven buying spree lifted silver to an eight-year high on Monday, though prices later pared gains on doubts about the ability of retail traders that have been focused on stocks to sway...
February 02, 2021 at 08:19 am IST
UK pub group Marston's rejects Platinum Equity's takeover offer

UK pub group Marston's rejects Platinum Equity's takeover offer

Marston's rejected a 666 million pound takeover proposal from Platinum Equity Advisors on Monday, saying it significantly undervalued the British pub operator....
February 02, 2021 at 06:12 am IST