Analysis: Commodities

Gold eases as stronger dollar offsets U.S. stimulus aid boost

Gold prices fell on Tuesday, hurt by a stronger dollar that countered support from the U.S. Congress passing a long-awaited COVID-19 stimulus bill, while some profit-taking added further pressure....

Stena Line brings forward doubling of Ireland-France freight route

Ferry firm Stena Line has brought forward a planned doubling of its direct Ireland to France freight service in response to huge demand from Irish hauliers hit by the closure of the French border to...

Ivory Coast 2020/21 cocoa port arrivals seen at 996,000 T by Dec. 20 -exporters

Cocoa arrivals at ports in top grower Ivory Coast reached 996,000 tonnes between Oct. 1 and Dec. 20, exporters estimated on Monday, down 0.5% from 1,001,000 tonnes over the same period last season....

Gold jumps on U.S. stimulus deal cheer, virus lockdowns

Gold climbed to a six-week high on Monday, driven by news that U.S. congressional leaders reached agreement on a COVID-19 aid package, while lockdowns in the United Kingdom soured appetite for riskier...

Egypt aims to import 400,000-500,000 T of sugar in 2021, says official

Egypt aims to import 400,000-500,000 tonnes of sugar in 2021, the head of the the agriculture ministry's sugar crop council told Reuters on Sunday. ...

Gold climbs over 1% on U.S. stimulus bets, dipping dollar

Gold prices rose over 1% to a one-month peak on Thursday as the dollar spiralled lower on hopes of more coronavirus relief aid and the U.S. Federal Reserve's pledge to funnel more cash and keep...

Zimbabwe central bank to form new gold refining unit, sell shares to miners

Zimbabwe's central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said...

Luckin Coffee to pay $180 million penalty to settle accounting fraud charges -U.S. SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for intentionally and materially overstating its 2019 revenue and understating a net loss, U.S. regulators...

Equinox Gold to buy Premier Gold Mines in $479.9 million deal

Canadian miner Equinox Gold Corp said on Wednesday it would buy Premier Gold Mines Ltd in an all-stock deal valued at C$611.7 million and simultaneously spin-out Premier's U.S. production assets....

B2Gold says operations at Mali gold mine not affected by general strike

Gold miner B2Gold on Tuesday said operations at its Fekola mine in Mali had not been affected by a five-day nationwide strike by the West African nation's main workers union. ...

Equipment torched as worker protest paralyses Indonesia nickel plant

Violent protests by hundreds of workers at one of Indonesia's biggest nickel smelters on Sulawesi island operated by PT Virtue Dragon Nickel Industry had paralysed its activities, the China-backed...

India palm oil imports drop 8% in November to five-month low - trade body

India's palm oil imports fell 8% on year in November to their lowest in five months, as a rally in the price of the tropical oil made soyoil more attractive for refiners, a leading trade body said on...

Gold gains as surging COVID-19 cases fuel stimulus bets

Gold prices rose on Tuesday as surging COVID-19 cases and restrictions weighed on investors' appetite for traditionally riskier assets and boosted bets for further stimulus ahead of the Federal...

Gold dips as vaccine rollouts dent appeal

Gold prices dipped on Monday as COVID-19 vaccine rollouts lifted riskier assets, overshadowing hopes for further U.S. fiscal and monetary stimulus....

Ten gold trading centres back LBMA drive to tighten regulations

The London Bullion Market Association said on Friday authorities in ten large trading centres had declared support for its initiative to improve regulation on issues such as money laundering and...

Indian gold buyers put off by price rebound, Chinese jewellers stock up

Retail consumers in India slowed gold purchases this week put off by higher local prices, while top consumer China saw a slight pick-up in demand as jewellers stocked up going into year-end. ...

Zambia to buy gold from miners to bolster foreign reserves

The Bank of Zambia will begin buying gold from Canadian miner First Quantum Minerals and the state mining firm as it resumes holding the precious metal as part of its foreign reserves, the central...

Brent rises above $50/bbl for first time since March on vaccine optimism

Oil prices climbed nearly 3% on Thursday, with Brent surging above $50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out...

Gold reverses gains as investors look past weak U.S. jobs data

Gold eased on Thursday as a failure to significantly breach the $1,850 per ounce resistance level prompted technical selling, with persistent overall vaccine-driven optimism also prompting investors...