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PRECIOUS-Gold near record-highs on Fed rate cut bets; silver cracks $90
Gold climbed on Wednesday to near a record peak set in the previous session, while silver surpassed the never-before-seen $90 mark, as softer-than-expected U.S. inflation readings cemented bets on interest rate cuts ahead amid ongoing geopolitical uncertainty.Reuters
Wed, Jan 14
China's 2025 Canadian trade slump to remind visiting Carney of economic stakes
China's 2025 imports from Canada -10.4% y/y to $41.7 bln - Chinese customsImports down from record $46.6 bln in 2024Canadian PM Carney due to arrive in China on Wednesday for high-stakes talksBy Ryan Woo BEIJING, Jan 14 (Reuters) - China bought fewer goods from Canada last year for the first ...Reuters
Wed, Jan 14
China's 2025 oil imports, December inflows both hit record highs
China December and 2025 annual crude oil daily import volumes hit all-time highsHigher crude throughput, firmer restocking demand and low oil prices supported imports, analysts say December natural gas imports rose 16.3% from a year earlierBy Sam Li and Lewis JacksonBEIJING, Jan 14 (Reuters) - China...Reuters
Wed, Jan 14
Marathon reports fire put out at Galveston Bay, Texas refinery
Jan 13 (Reuters) - Marathon Petroleum Corp MPC.N reported on Tuesday that a fire was extinguished at its 631,000 barrel-per-day (bpd) Galveston Bay refinery in Texas City, Texas.The fire was reported on January 12 at its alkylation unit 2 operating area when residual hydrocarbons ignited while drain...Reuters
Wed, Jan 14
China's December coal imports hit record high despite 10% annual drop
BEIJING, Jan 14 (Reuters) - China's December coal imports climbed to a record monthly high, spurred by winter stockpiling and rising domestic prices, even as total imports for the year fell 10%, customs data showed on Wednesday.Imports in December hit an all-time monthly record of 58.59 million ...Reuters
Wed, Jan 14
Silver Price Forecast: XAG/USD extends rally to near $90.00 amid geopolitical woes
Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions.
Fxstreet
Wed, Jan 14
China December rare earth exports down 20% on-month, customs data shows
BEIJING, Jan 14 (Reuters) - China's exports of rare earths in December fell 20% from the month before to 4,392 metric tons, data from the General Administration of Customs showed on Wednesday.Exports from the world's largest producer of the group of 17 minerals rose 12.9% from the prior year...Reuters
Wed, Jan 14
WTI declines below $61.00 as US stockpile builds, Venezuelan exports resume
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.70 during the Asian trading hours on Wednesday. The WTI price declines as Venezuela resumes exports and the American Petroleum Institute (API) shows a big build in US crude inventories.
Fxstreet
Wed, Jan 14
2025 was the world's third-warmest year on record, EU scientists say
Last three years were three warmest on record, EU scientists sayAverage temperature exceeded 1.5 C for longest period on recordParis accord temperature goal could be breached this decadeBy Kate Abnett BRUSSELS, Jan 14 (Reuters) - The planet experienced its third-warmest year on record in 2025, an...Reuters
Wed, Jan 14
US drops appeal of order blocking Trump plan to tie state transportation funds to immigration enforcement
By David ShepardsonWASHINGTON, Jan 13 (Reuters) - The U.S. Justice Department on Tuesday asked a federal appeals court to dismiss its appeal of a lower court order blocking President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement to ...Reuters
Wed, Jan 14
Oil prices pause gains as Venezuela shipments resume but Iran concerns loom
Venezuela resumes oil exports amid U.S. embargo reversalIran protests raise fears of supply disruptions, geopolitical risksU.S. crude stocks rise, API says, indicating looser supply-demand balance TOKYO, Jan 14 (Reuters) - Oil prices paused their run of gains on Wednesday, slipping after four day...Reuters
Wed, Jan 14
Exxon Baton Rouge, Louisiana refinery preparing to run Venezuelan oil, sources say
HOUSTON, Jan 13 (Reuters) - Exxon Mobil XOM.N is preparing to run Venezuelan crude oil at its Baton Rouge, Louisiana refinery, people familiar with plant operations said. The 522,500 barrel-per-day Baton Rouge refinery previously ran Venezuelan heavy sour crude, but has not since sanctions were impo...Reuters
Wed, Jan 14
Russian drone attack forces power cuts in Ukraine's Kryvyi Rih, military says
Jan 14 (Reuters) - Russian drones struck infrastructure in the central Ukrainian city of Kryvyi Rih on Wednesday, forcing emergency power blackouts for more than 45,000 customers and disrupting heat supplies, military administration head Oleksandr Vilkul said."Please fill up on water and charge ...Reuters
Wed, Jan 14
US drops appeal of order blocking Trump plan to tie state transportation funds to immigration enforcement
WASHINGTON, Jan 13 (Reuters) - The U.S. Justice Department on Tuesday asked a federal appeals court to dismiss its appeal of a lower court order blocking President Donald Trump's administration from forcing 20 Democratic-led states to cooperate with immigration enforcement to receive billions of...Reuters
Wed, Jan 14
Gold Price Forectast: XAU/USD rises above $4,600 on US rate cut expectations, Fed uncertainty
Gold price (XAU/USD) rises to around $4,600 during the early Asian session on Wednesday. The precious metal gains momentum as traders firm up bets on US interest rate cuts after the release of inflation data.Fxstreet
Wed, Jan 14
CIF/FOB Gulf Grain-Soybean, corn barge basis higher on signs of demand, firm freight
CHICAGO, Jan 13 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals turned higher on Tuesday amid a flurry of CIF trades, as grain futures extended their losses and export buyers looked for opportunities, traders said.U.S. corn futures Cv1 slid to a three-month...Reuters
Tue, Jan 13
Exxon Baton Rouge, Louisiana refinery preparing to run Venezuelan oil, sources say
HOUSTON, Jan 13 (Reuters) - Exxon Mobil XOM.N is preparing to run Venezuelan crude oil at its Baton Rouge, Louisiana refinery, said people familiar with plant operations. The 522,500 barrel-per-day Baton Rouge refinery previously ran Venezuelan heavy sour crude, but has not since sanctions were impo...Reuters
Tue, Jan 13
