Commodities

China's central bank extends gold purchases to ninth straight month in July

BEIJING -China's central bank added gold to its reserves in July, its ninth consecutive month of purchases, official data showed on Thursday. China's gold reserves rose to 73.96 million...

Safe-haven gold touches 2-week peak on trade tensions, rate cut hopes

Gold rose to an over two-week high on Thursday, buoyed by safe haven demand after U.S. President Donald Trump's tariffs went into effect and U.S. jobs data added to rate-cut expectations. ...

Swiss cheesemakers fear for US sales if hit by tariffs

Yverdon-Les-Bains, Switzerland -Swiss cheese producers are bracing for a steep drop in U.S. sales after President Donald Trump announced a 39% tariff on Swiss imports due to take effect on Thursday. ...

Safe-haven gold gains on tariff uncertainty ahead of August 1 deadline

Gold prices rose on Thursday as traders turned to the safe-haven asset amid ongoing tariff uncertainty ahead of U.S. President Donald Trump's August 1 deadline to end negotiations. Spot...

Gold falls to near 3-week low as US-EU deal boosts risk appetite ahead of Fed meeting

Gold fell to a near three-week low on Monday as a U.S.-European Union trade accord lifted the dollar and risk sentiment, while investors awaited fresh cues on rate policy from this week's Federal...

High prices stifle gold demand in top Asian hubs; India widens discount

Physical gold demand in key Asian hubs was subdued this week, as rising prices dampened sentiment, prompting dealers in top consumer China and India to offer steep discounts to attract buyers. ...

Economists doubt Trump outlook that US will sell 'so much' beef to Australia

WASHINGTON/CANBERRA/CHICAGO -President Donald Trump said the U.S. will sell so much beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high...

Safe-haven gold slips as trade optimism lifts risk appetite

Gold prices fell for a second straight session on Thursday, as signs of easing global trade tensions dampened demand for safe-haven assets. Spot gold was down 0.5% at $3,370.69 per...

China H1 gold consumption falls at slower pace on strong safe-haven demand

BEIJING -China's gold consumption in the first half of 2025 declined at a slower pace, as strong safe-haven demand partly offset dwindling appetite for jewellery purchases amid persistently high...

Discounts widen in India as elevated prices dull activity

Gold demand in India remained subdued this week, as near record-high prices kept buyers at bay and prompted dealers to widen discounts to lure them, while elevated rates curtailed activity across...

Canada and New Zealand resolve dairy trade dispute, Canada says

Canada and New Zealand have reached a mutually satisfactory resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday. ...

India's oil minister sees scope for lower fuel prices if crude prices remain stable

NEW DELHI -India has the scope to cut fuel prices if crude oil prices stay at current levels for the next two to three months, Oil Minister Hardeep Singh Puri said on Thursday. ...

India markets regulator mulls mandating asset managers to use domestic gold, silver spot prices

India's markets regulator on Wednesday proposed to mandate that asset management companies use spot prices published by domestic commodity exchanges to value gold and silver. To...

India's June gold imports fall to two-year low as record price dents demand

MUMBAI -India's gold imports in June fell 40% from a year ago to their lowest level in more than two years, as a price rally to a record high sapped demand, a government and two industry officials...

Zimbabwe's Kuvimba revises platinum mine plan as prices rebound

Zimbabwe's Kuvimba Mining House will develop its Darwendale platinum project as an open pit rather than the previously planned underground mine, CEO Trevor Barnard said, speeding up the delayed...

Gold pares gains after Trump shoots down talk of ousting Powell

Gold prices jumped on Wednesday following news reports that U.S. President Donald Trump planned to fire Federal Reserve Chair Jerome Powell, but trimmed gains after Trump denied the claim. ...

Commodities: Tariffs shake up copper

Every week, our commodity overview reviews the latest news from the commodity markets to better understand fluctuations in the prices of energy, metals, and agricultural commodities.

Indian investors flock to silver as returns overtake those from gold

MUMBAI -Indian investors, traditionally obsessed with stockpiling gold, are increasingly turning to silver, which was trading near a 14-year high on Monday, as its returns this year outpaced those of...

Gold eases after hitting three-week high

Gold prices edged lower after hitting a three-week high on Monday, with attention focused on trade talks and U.S. economic data, while silver climbed to its highest level since September 2011. ...