Analysis: Commodities

The anomaly behind gold

Gold, often seen as a safe haven in times of economic and geopolitical uncertainty, saw its price reach all-time highs in the first quarter of 2024. This rise was fuelled by growing global demand,...

Goldman Sachs Now Sees Dip to $84/Bbl for December Brent Crude -- OPIS

The commodities team at Goldman Sachs still believes that holding long positions in Brent crude will be profitable, but in a departure from 2023 leanings, the bank said that Brent prices may dip to...

Commodities Overview: Copper nears the USD 10,000 mark

Every week, the commodities overview gives you the opportunity to review the latest news on the commodities markets, to better understand the variations in energy, metals and agricultural commodity...

Gold demand including OTC was at eight-year high in Q1, WGC says

Global gold demand rose by 3% year-on-year to 1,238 metric tons in the first quarter of 2024, marking the strongest first quarter since 2016, due to active over-the-counter trading, the World Gold...

Hedge funds retreat from oil as war risk fades: Kemp

Investors sold oil at the fastest rate for more than six months amid signs that Israel and Iran have chosen not to escalate their conflict, ensuring the rally in crude prices stalled well before...

Hedge funds retreat from oil as war risk fades: Kemp

Investors sold oil at the fastest rate for more than six months amid signs that Israel and Iran have chosen not to escalate their conflict, ensuring the rally in crude prices stalled well before...

AGS Week Ahead : Positive Mood as Brazilian Real Gains Against Dollar Ahead of Busy Week

By Joe Hoppe A roundup of key agricultural commodity markets for the week April 29-May 3 by Dow Jones Newswires in Barcelona. GRAINS & OILSEEDS: The macro mood is positive as oil prices...

'End of oil not in sight', OPEC Secretary General says in MEES article

The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting...

China's transition hampered by flat-lining energy intensity: Kemp

China's economy has become much less energy intensive over the last 40 years as its industries have modernised and the economy has shifted towards more service sector output. But energy...

ICE Canada Morning Comment : Canola Building Upward Momentum

WINNIPEG, Manitoba--Intercontinental Exchange canola futures shed overnight losses Friday morning, turning higher with support from other vegetable oils. As modest increases in global crude oil...

INSG's latest forecasts cold comfort for nickel producers: Andy Home

Nickel has rallied hard this month, clawing back some of the territory lost during its relentless price slide over the course of 2023. London Metal Exchange three-month nickel touched...

Copper: BHP wants to acquire Anglo American

Anglo American has confirmed that it has received a takeover offer from the BHP group, a deal that would create the world's largest copper mining company, accounting for around 10% of global...

Citigroup Offers Bearish Take on Crude, Sees Easing of Geopolitical Risks -- OPIS

Citigroup analysts on Thursday called Brent crude's brief trip this month above $90/bbl a bullish knee-jerk price action. The price jump, which was fueled by concerns over a potential widening of...

China's strong iron ore imports diverge from weak steel output: Russell

China's first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell. This divergence sets up a dilemma that...

USDA confirms cow-to-cow transmission a factor in bird flu spread

The U.S. Department of Agriculture said this week that cow-to-cow transmission is a factor in the spread of bird flu in dairy herds, but it still does not know exactly how the virus is being moved...

ICE Review : Canola Ends Up as Soy Provides Support

WINNIPEG, Manitoba--The ICE Futures canola market traded to both sides of unchanged on Friday, holding onto small gains at the final bell. Advances in the Chicago soy complex provided spillover...

Ample oil supplies limit impact of MidEast flare-up on prices

Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil futures prices of conflict in the Middle East, according to analysts and traders. Brent...

Metals: The tug-of-war continues between China and America

A new episode in the trade war between the United States and China was launched on Thursday. US President Joe Biden will shortly announce a sharp increase in tariffs on Chinese metal products. The...

Silver aims for $30/oz milestone

Silver may have the power to reach the $30 per ounce milestone after its 26% surge in March-April on the back of gold's record run and copper's strength, even though analysts say the metal is ripe for...