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REFILE-Gold hits record high on safe-haven demand, Fed rate-cut bets
Dec 26 (Reuters) - Gold prices surged to a record high in early Asian trading on Friday, buoyed by safe-haven demand and rising expectations of further interest rate cuts by the U.S. Federal Reserve.Spot gold XAU= rose 0.5% to $4,501.44 per ounce by 0209 GMT, after touching a record peak of $4,530.6...Reuters
an hour ago
TECHNICALS-CBOT soybeans may extend gains into $10.82 to $10.89-1/4 range
For more technical analyses, please click SINGAPORE, Dec 26 (Reuters) - The CBOT soybean March contract SH26 may extend gains into a range of $10.82 to $10.89-1/4 per bushel.The current bounce is considered the same degree as the one from the Nov. 21 low of $11.23-1/2. A falling channel suggests a t...Reuters
an hour ago
Sailing-LawConnect seizes early lead in Sydney to Hobart race
SYDNEY, Dec 26 (Reuters) - Defending line honours champion LawConnect took the early lead in the Sydney to Hobart yacht race on Friday as the fleet of 129 boats, led by the supermaxis, pushed out of a cloudy Sydney Harbour and into choppy seas in the South Pacific.LawConnect was the first past the t...Reuters
an hour ago
Spot silver extends rally to hit $75 per ounce for first time
Dec 26 (Reuters) - Spot silver XAG= climbed to $75 an ounce on Friday, supported by robust industrial and investment demand, tightening inventories, geopolitical tensions and expectations of further U.S. interest rate cuts.Silver prices rose 3.5% to $74.46 per ounce by 0229 GMT, after touching an al...Reuters
2 hours ago
China says it facilitates compliant trade with rare-earth magnet exports
BEIJING, Dec 25 (Reuters) - China actively promotes and facilitates compliant trade, a commerce ministry spokesperson said on Thursday, when asked whether Beijing would relax curbs on rare-earth magnet exports to the United States.He Yongqian told a press briefing that China was committed to maintaiReuters
2 hours ago
Oil rises as market weighs Venezuela supply risks
Dec 26 (Reuters) - Oil prices climbed on Friday after the U.S. ordered increased economic pressure on Venezuelan oil shipments and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of Nigeria's government.Brent crude futures LCOc1 rose 24 cents, or 0.4%, ...Reuters
2 hours ago
Spot silver rises nearly 2% to record high at $73.24/oz
Dec 26 (Reuters) - Spot silver XAG= rose to a record high on Friday, driven by strong industrial and investment demand, tightening inventories, geopolitical tensions, and expectations of further U.S. rate cuts.Silver prices were up nearly 2% at an all-time high of $73.24 an ounce.Reuters
4 hours ago
Serbia supports talks with Hungary's Mol over sale of sanctioned NIS oil firm
BELGRADE, Dec 25 (Reuters) - Serbia supports talks over the sale of a majority stake in the country's sanctioned NIS oil company currently taking place between its Russian owners and Hungary's MOL MOL.BU, the Tanjug news agency reported on Thursday, citing Serbia's energy minister. &...Reuters
15 hours ago
China's export licences won't reduce excess steel exports, Japan lobby head says
TOKYO, Dec 25 (Reuters) - Japan Iron and Steel Federation Chairman Tadashi Imai said on Thursday that China's planned export-licence requirement would not be effective in curbing steel export volumes or support a recovery in prices. The world's largest steel producer, China, plans to roll ...Reuters
19 hours ago
White House orders military to focus on 'quarantine' of Venezuela oil
The White House has ordered U.S. military forces to focus almost exclusively on enforcing a "quarantine" of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in using economic rather than military means to pressure CaracReuters
22 hours ago
Heavy rains drench Southern California, spawn flash flooding, mud flows
Crews rescue dozens from high water in mountain communityResidents in flood zones warned to flee or shelter in placeMotorists urged to keep travel to minimumBy Steve GormanLOS ANGELES, Dec 24 (Reuters) - Torrential rains unleashed widespread flash flooding and mud flows across Southern California on...Reuters
Thu, Dec 25
Oil tanks ablaze after Ukrainian drone attack at Russia’s Temryuk port, authorities say
Dec 25 (Reuters) - Two oil product tanks caught fire on Thursday at the southern Russian port of Temryuk after what regional authorities in the Krasnodar region said was a Ukrainian drone attack.Flames covered an area of about 2,000 square metres, authorities at the Krasnodar operational headquarter...Reuters
Thu, Dec 25
Gold, silver and platinum take a breather after record rally
Gold hits all-time high at $4,525.18/ozPlatinum up about 143% YTDPalladium down over 10% after scaling 3-year high By Sarah Qureshi Dec 24 (Reuters) - Gold prices edged lower on Wednesday, taking a breather after surging past the key $4,500-an-ounce mark earlier in the session, while silver and pReuters
Thu, Dec 25
ExGen Signs Another Binding Loi To Acquire A Second Silver Stream On Past-Producing Gold Mine
Dec 24 (Reuters) - ExGen Resources Inc EXG.V:EXGEN SIGNS ANOTHER BINDING LOI TO ACQUIRE A SECOND SILVER STREAM ON PAST-PRODUCING GOLD MINEEXGEN RESOURCES INC - PRIVATECO TO DELIVER 4,200 OZ SILVER QUARTERLY TO EXGENReuters
Wed, Dec 24
US Cash Grains-Corn basis bids flat to higher
CHICAGO, Dec 24 (Reuters) - U.S. corn basis bids were steady to up at grain elevators and river terminals in the U.S. Midwest on Wednesday as futures rose. Corn bids rose 2 cents at a river terminal in Morris, Illinois, and 1 cent at a grain elevator in Council Bluffs, Iowa.Soybean bids were flat in...Reuters
Wed, Dec 24
Atmospheric river drenches Los Angeles, triggers widespread flooding
By Steve GormanLOS ANGELES, Dec 24 (Reuters) - Torrential rains drenched Southern California on Wednesday, unleashing widespread flash flooding as authorities urged motorists to stay off roads and residents living downslope of wildfire-scarred foothills and canyons to evacuate.Downpours measuring an...Reuters
Wed, Dec 24
Deals of the day-Mergers and acquisitions
Dec 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Wednesday: Nvidia NVDA.O has agreed to buy Groq, a designer of high-performance artificial intelligence accelerator chips, for $20 billion in cash, CNBC reported on Wednesday. nL4N3XU0TD Sanofi S...Reuters
Wed, Dec 24
US Plains HRW Wheat-Basis bids flat to lower
CHICAGO, Dec 24 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to down at elevators in the southern U.S. Plains on Wednesday.Dealers said trade was limited this week ahead of the Christmas holiday.The wheat crop in the U.S. Southern Plains is still too dry, according to fore...Reuters
Wed, Dec 24
Democratic governors call on Trump administration to lift freeze on offshore wind projects
By Jasper Ward WASHINGTON, Dec 24 (Reuters) - Four Democratic governors wrote to U.S. Interior Secretary Doug Burgum on Wednesday to ask the Trump administration to lift its halt on five offshore wind projects on the U.S. East Coast.The Department of the Interior on Monday attributed its suspensi...Reuters
Wed, Dec 24
