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Gold price rebounds swiftly from multi-week low; lacks follow-through
Gold price (XAU/USD) stages a goodish intraday bounce from a three-week low, around the $2,972-2,971 region, touched during the Asian session on Monday – and spikes to a fresh daily high, around the $3,055 area in the last hour.
Fxstreet
Mon, Apr 7
TECHNICALS-NY coffee may retrace into $3.1785-$3.4310 range in Q2
For more technical analyses, please click SINGAPORE, April 7 (Reuters) - New York coffee KCc2 may retrace into a range of $3.1785 to $3.4310 per lb in the second quarter of 2025, as suggested by its wave pattern and a projection analysis. A big wave (C) from $1.45 seems to have completed around...Reuters
Mon, Apr 7
India sees no hit to projected growth from US tariffs, economists remain sceptical
Govt officials see tariff hikes not to hit 2025/26 growth targetPrivate economists cut growth forecasts by 20-40 basis pointsGovt considering aid for affected export sectors, say sources By Shivangi Acharya and Manoj Kumar NEW DELHI, April 7 (Reuters) - India may still meet its 6.3%-6.8% growth ...Reuters
Mon, Apr 7
Ukrainian drone damages railway tracks in Russia's Krasnodar, regional authorities say
April 7 (Reuters) - A Ukrainian drone suppressed by Russia's air defence systems damaged railways tracks in the Krasnodar region, authorities of the region in Russia's southwest said on Monday. "There were no casualties, and no fire occurred," the administration of the region said in...Reuters
Mon, Apr 7
REFILE-India FY26 growth projection holds despite US tariff disruptions; finmin official says
NEW DELHI, April 7 (Reuters) - India is likely to meet its projected growth target of 6.3%-6.8% for the fiscal year 2025/26 if oil prices remain below $70/barrel, despite global disruptions due to U.S. tariff announcements, a finance ministry official said.Reuters
Mon, Apr 7
METALS-China metals tumble after trade war retaliation; London metals rebound on arbitrage trading
SHANGHAI, April 7 (Reuters) - Base metal prices in China tumbled on Monday amid escalating trade war concerns and recession fears, while most London metal prices rebounded on arbitrage trading after the Asian market opened, increasing liquidity. The most-traded copper contract on the Shangh...Reuters
Mon, Apr 7
Luxury Yacht Maker Alexander Marine Sees No Significant Impact By Trump Tariffs
April 7 (Reuters) - Alexander Marine Co Ltd 8478.TW:SEES NO SIGNIFICANT IMPACT ON COMPANY BY TRUMP TARIFFS AS IT OPERATES IN FREE TRADE ZONELUXURY YACHT PURCHASERS ARE MOSTLY WEALTHY INDIVIDUALS, WITH HIGH FLEXIBILITY IN CHOOSING TRANSACTIONAL AND YACHT REGISTRATION VENUESDESPITE NO IMMEDIATE MATERI...Reuters
Mon, Apr 7
COMMODITIES-Oil drops to 4-year low, China metals tumble on recession fears
Trade war escalates with new China tariffs on U.S. goodsInvestors fear full-blown global trade war will ravage economyOil prices hit lowest since 2021 amid recession fearsBase metals, gold prices fall as investors sell off assetsBy Naveen Thukral SINGAPORE, April 7 (Reuters) - Oil slid around 3% ...Reuters
Mon, Apr 7
WTI tumbles to a four-year low near $60.00 amid Trump’s tariff woes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump’s global tariffs would push the United States (US) into a recession.
Fxstreet
Mon, Apr 7
Goldman Sachs lowers 2026 oil price forecasts again
April 7 (Reuters) - Goldman Sachs revised down its annual average price forecasts again for Brent and WTI crude in 2026, citing increased recession risks and the possibility of higher-than-expected OPEC+ supply.In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to ...Reuters
Mon, Apr 7
Chile mining minister says copper could find support at $3.9 a pound, newspaper reports
SANTIAGO, April 6 (Reuters) - Chilean Mining Minister Aurora Williams said copper prices could reach a technical support level at $3.90 a pound amid current uncertainty, Diario Financiero reported on Sunday. The minister said in an interview with the newspaper that any adjustment in the metal's ...Reuters
Mon, Apr 7
TECHNICALS-CBOT soybeans to retest support at $9.71-1/2
For more technical analyses, please click SINGAPORE, April 7 (Reuters) - The CBOT soybean May contract SK25 is expected to retest support at $9.71-1/2 per bushel, a break below could open the way toward $9.48-3/4. The bounce triggered by the support is classified as a pullback towards a wedge or a m...Reuters
Mon, Apr 7
METALS-China metals tumble after trade war retaliation; copper hits over three-month low
SHANGHAI, April 7 (Reuters) - Base metal prices in China fell sharply on Monday as the escalating global trade war fueled fears of a recession, with copper prices sliding to a more than three-month low.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 7% to 73,640 yuan ...Reuters
Mon, Apr 7
Goldman Sachs cuts oil price forecasts for 2026
April 7 (Reuters) - Goldman Sachs has lowered its annual average price forecasts for Brent and WTI crude in 2026, saying recession risks have grown further and that OPEC+ supply may rise more than the bank had previously assumed. "Our annual average 2026 forecasts are now $58 for Brent, and $55 ...Reuters
Mon, Apr 7
Saudi Arabia Sets May Arab Light Crude Oil OSP To US At Plus $3.60/Bbl, source says
April 7 (Reuters) - SAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO NW EUROPE AT PLUS $2.55/BBL TO ICE BRENT SETTLEMENT- PRICING DOCUMENT SEEN BY REUTERSSAUDI ARABIA SETS MAY ARAB LIGHT CRUDE OIL OSP TO UNITED STATES AT PLUS $3.60/BBL VERSUS ASCI- PRICING DOCUMENT SEEN BY REUTERSRELATED- nL2N3QK02...Reuters
Mon, Apr 7
PRESS DIGEST-British Business - April 7
April 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Three of the UK's largest local government pension schemes have stepped-up calls for Shell SHEL.L to ex...Reuters
Mon, Apr 7
GRAINS-Chicago soybeans firm, still near year low on China tariffs
BEIJING, April 7 (Reuters) - Chicago soybean futures rose on Monday, but hovered near its lowest level this year hit in the previous session, after China announced an additional 34% tariff on all U.S. goods, with soybeans expected to take the biggest hit.The most-active soybean contract on the Chica...Reuters
Mon, Apr 7
WRAPUP 4-Trump compares tariffs to 'medicine' as Asian markets convulse
Taiwan, Israel and India seek dealsTrump says countries will have to 'pay a lot of money'Ackman warns of 'nuclear winter' unless tariffs pausedBy Trevor Hunnicutt ABOARD AIR FORCE ONE, April 6 (Reuters) - U.S. President Donald Trump said on Sunday foreign governments would have to...Reuters
Mon, Apr 7
Gold plunges to 3-1/2-week low as market sell-off hits bullion
April 7 (Reuters) - Gold prices continued to face turmoil on Monday, and hit their lowest levels in more than three weeks, as a wider market sell-off triggered by U.S. President Donald Trump's tariff measures impacted bullion traders.Reuters
Mon, Apr 7
