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Silver Price Forecast: XAG/USD maintains position near $31.50 due to rising trade tensions
Silver (XAG/USD) continues its winning streak for the third straight session, trading around $31.30 during Friday’s Asian session. The precious metal is gaining traction as the US Dollar weakens, with the US Dollar Index (DXY) dipping to around 100.20 at the time of writing.
Fxstreet
Fri, Apr 11
PRESS DIGEST - Wall Street Journal - April 11
April 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- More large law firms including Latham & Watkins, Simpson Thacher, Kirkland & Ellis are in talks with the White House to reach agre...Reuters
Fri, Apr 11
METALS-London metals mixed on Trump's tariff pause
SHANGHAI, April 11 (Reuters) - Base metals in London traded mixed on Friday and were headed for a weekly rise after U.S. President Donald Trump decided to temporarily lower the hefty duties for dozens of countries and the dollar weakened.The benchmark three-month copper CMCU3 on the London Metal Exc...Reuters
Fri, Apr 11
WTI falls below $59.50 due to escalating US-China tensions, OPEC+ supply boost
West Texas Intermediate (WTI) crude oil price fell for a second straight session, trading around $59.30 per barrel during Asian hours on Friday. The decline comes amid rising US-China trade tensions, which are clouding the demand outlook.
Fxstreet
Fri, Apr 11
RUBBER-Japan futures set for largest weekly drop since 2020 on US-Sino trade war
SINGAPORE, April 11 (Reuters) - Japanese rubber futures pulled back on Friday, and were set for their largest weekly losses since late 2020, amid a widening trade war between the U.S. and top consumer China.The Osaka Exchange (OSE) September rubber contract JRUc6, 0#2JRU: fell 2.42% to 290.9 yen (...Reuters
Fri, Apr 11
Oil prices set to drop for a second week as US-China trade war to cut demand
April 11 (Reuters) - Oil prices fell on Friday and were set to drop for a second week on concerns prolonged trade war between the United States and China, the world's largest economies, will crush crude consumption as their dispute curtails economic growth.Reuters
Fri, Apr 11
GRAINS-Corn heads for biggest weekly gain since May 2023
CANBERRA, April 11 (Reuters) - Chicago corn futures rose on Friday and were on track for their biggest weekly gain in nearly two years after U.S. President Donald Trump paused some of his tariff increases and the U.S. Department of Agriculture (USDA) tightened its supply outlook.Soybean futures fell...Reuters
Fri, Apr 11
US-China trade tensions lift safe-haven gold to record high
April 11 (Reuters) - Gold prices raced to an all-time high on Friday, supported by recession concerns as escalating tariff tensions between the United States and China fuelled investor demand for safe-haven assets like bullion.
Reuters
Fri, Apr 11
EXCLUSIVE-Venezuela's PDVSA suspends oil loading authorizations to Chevron, sources say
By Arathy Somasekhar HOUSTON, April 10 (Reuters) - Venezuela's state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron CVX.N to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday. The canc...Reuters
Fri, Apr 11
US Cash Crude-Grades steady as market weighs rapidly changing US trade policy
April 10 (Reuters) - Grades were little changed on Thursday as the market weighed an escalating trade war between the United States and China, against a planned pause in sweeping U.S. tariffs. WTI Midland and WTI at East Houston WTC-MEH, also known as MEH, were unchanged, while Mars edged 5...Reuters
Fri, Apr 11
COLUMN-China primes rare earths weapon as trade war escalates: Andy Home
By Andy Home LONDON, April 10 (Reuters) - As U.S. President Donald Trump turns up the tariff heat on China, Beijing is targeting ever more of the United States' critical material supply chains. Weird and wonderful metals such as antimony, gallium and germanium have already been sucked into th...Reuters
Fri, Apr 11
EXCLUSIVE-Venezuela's PDVSA suspends oil loading authorizations to Chevron, sources say
HOUSTON, April 10 (Reuters) - Venezuela's state oil company PDVSA has canceled several authorizations it had granted to its joint venture partner, Chevron CVX.N, to load and export Venezuelan oil this month, three sources with knowledge of the decision said on Thursday. Two of the cancellati...Reuters
Thu, Apr 10
US Plains HRW Wheat-Basis steady-weak after USDA raises stocks forecast
CHICAGO, April 10 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to weaker in the southern U.S. Plains on Thursday, softening after the U.S. Department of Agriculture raised its forecast of old-crop HRW wheat inventories.* The USDA in a monthly supply/demand report projected...Reuters
Thu, Apr 10
US Cash Grains-Corn, soy basis bids mostly steady while futures gain
CHICAGO, April 10 (Reuters) - Spot basis bids for soybeans and corn were mostly steady in the U.S. Midwest on Thursday as farmer selling ground to a halt and corn and soy futures recovered, dealers said.* The corn and soy basis increased at an elevator in Iowa.* Farmers busy with spring planting and...Reuters
Thu, Apr 10
EXCLUSIVE-Venezuela's PDVSA suspends oil loading authorizations to Chevron, sources say
HOUSTON, April 10 (Reuters) - Venezuela's state oil company PDVSA has canceled several authorizations it had granted to its joint venture partner, Chevron CVX.N, to load and export Venezuelan oil this month, three sources with knowledge of the decision said on Thursday.Reuters
Thu, Apr 10
LIVESTOCK-CME cattle futures fall as dip in consumer demand feared
By Renee Hickman CHICAGO, April 10 (Reuters) - Chicago Mercantile Exchange cattle futures weakened on Thursday, falling back alongside the equities market after following outside markets up the previous day on U.S. President Donald Trump's announcement of a 90-day pause on many of the sweepin...Reuters
Thu, Apr 10
Gold Price Forecast: XAU/USD rises to record high near $3,200 on US-China tariff war
The Gold price (XAU/USD) surges to near an all-time high around $3,190 during the early Asian session on Friday. The weakening of the US Dollar (USD) and escalating trade war between the United States (US) and China provide some support to the precious metal, a traditional safe haven asset.Fxstreet
Thu, Apr 10
NOAA fires previously reinstated probationary workers, sources say
By Leah Douglas and Valerie Volcovici April 10 (Reuters) - The National Oceanic and Atmospheric Administration has fired previously reinstated probationary workers after an appeals court on April 9 cleared the way for the Trump administration to fire thousands of employees, according to five sour...Reuters
Thu, Apr 10
CIF/FOB Gulf Grain-Soybean barge basis firm on river shipping delays
CHICAGO, April 10 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals were steady to higher on Thursday as river shipping issues and recent slow farmer sales have thinned supplies available to exporters, traders said.* CIF corn basis bids were flat to weaker, weighed ...Reuters
Thu, Apr 10
NOAA fires previously reinstated probationary workers, sources say
By Leah Douglas and Valerie VolcoviciApril 10 (Reuters) - The National Oceanic and Atmospheric Administration has fired previously reinstated probationary workers after an appeals court on April 9 cleared the way for the Trump administration to fire thousands of employees, according to five sources ...Reuters
Thu, Apr 10
