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Gold Price Forecast: XAU/USD declines as bulls hesitate near $3,400, US inflation in focus
Gold price (XAU/USD) trades 1.2% lower to near $3,350 during the European trading session on Monday. The yellow metal faces selling pressure as investors shift their focus to the United States (US) Consumer Price Index (CPI) data for July, which is scheduled to be released on Tuesday.
Fxstreet
Mon, Aug 11
US Gold import tariff uncertainty – ING
Gold futures in New York surged on Friday after a Financial Times report that imports of one-kilo bullion bars are now subject to US levies, contrary to the market’s assumption that Gold would be exempt from any import tariffs, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Mon, Aug 11
Lithium stock rally as CATL mine halt raises prospects of tighter supply
Aug 11 (Reuters) - Shares of U.S.-listed lithium producers surged on Monday after Chinese battery giant Contemporary Amperex Technology (CATL) 300750.SZ halting output at a major mine raised hopes it would erode the oversupply in a market grappling with soft demand.In premarket trading, Albemarle Co...Reuters
Mon, Aug 11
South Korea, Vietnam leaders pledge closer ties as US tariffs shake up trade
South Korea, Vietnam aim to expand trade to $150 billion by 203010 MOUs signed on energy, finance, technology cooperationVietnam urges South Korea to invest in infrastructure, nuclearBy Joyce Lee and Heejin Kim SEOUL, Aug 11 (Reuters) - South Korea and Vietnam's leaders pledged to deepen ...Reuters
Mon, Aug 11
GRAINS-Soybeans rise on Trump's hopes that China will buy more US beans
By Michael Hogan and Peter Hobson CANBERRA/HAMBURG, Aug 11 (Reuters) - Chicago soybean prices rose more than 2% on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean buying from the United States. Wheat and corn also rose as traders e...Reuters
Mon, Aug 11
Air India To Suspend Services To Washington, D.C. From Sept 1
Aug 11 (Reuters) - Boeing Co BA.N:AIR INDIA: TO SUSPEND SERVICES TO WASHINGTON, D.C. FROM SEPTEMBER 1AIR INDIA : SUSPENSION DRIVEN BY PLANNED SHORTFALL IN AIR INDIA’S FLEET, AS AIRLINE COMMENCED RETROFITTING 26 OF ITS BOEING 787-8 AIRCRAFT LAST MONTHAIR INDIA - SUSPENSION DUE TO COMBINATION OF OPERA...Reuters
Mon, Aug 11
Barrick Mining beats estimates for second-quarter profit
Aug 11 (Reuters) - Barrick Mining ABX.TO beat analysts' expectation for second-quarter profit on Monday, driven by a surge in gold prices.On an adjusted basis, the company earned 47 cents per share in the second quarter, compared with analysts' average expectation of 45 cents, according to d...Reuters
Mon, Aug 11
INSIGHT-The airline industry's dirty secret: Clean jet fuel failures
For a Graphic of this story click hereBy Joanna Plucinska, Joe Brock, Marleen Kaesebier and Paul CarstenPARAMOUNT, California, Aug 11 (Reuters) - In 2019, Scott Kirby, the chief executive of United Airlines, hailed its new contract with green jet fuel producer World Energy as an example for the avia...Reuters
Mon, Aug 11
EUROPE GAS-Prices rise as Norwegian outage curbs supply
LONDON, Aug 11 (Reuters) - Dutch and British wholesale gas prices rose slightly on Monday morning, trading in a narrow range, after Norwegian supply was hit by a compressor failure at the Ormen Lange field.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up 0.57 euros at 32.85...Reuters
Mon, Aug 11
Silver price forecast: XAG/USD moves below $38.00 amid easing geopolitical risks
Silver price (XAG/USD) depreciates after registering gains in the previous two sessions, trading around 38.00 per troy ounce during the early European hours on Monday. The safe-haven Silver attracts sellers amid easing geopolitical risks.Fxstreet
Mon, Aug 11
METALS-Copper hits over one-week high on softer dollar, China demand hopes
By Amy Lv and Lewis Jackson BEIJING, Aug 11 (Reuters) - Copper futures climbed on Monday to hit their highest in more than a week, aided by a softer dollar and China demand hopes, even though supply concerns eased after Codelco got the nod to restart operations at the El Teniente mine in Chile.Th...Reuters
Mon, Aug 11
PRECIOUS-Gold slips 1% as investors focus on US-Russia talks on Ukraine
US consumer prices index data due on TuesdaySpeculators raise net long position in COMEX gold -CFTCUS gold futures down 2%Spot gold may fall towards $3,314-$3,342 range - techBy Brijesh Patel Aug 11 (Reuters) - Gold prices slipped 1% on Monday as market participants focussed on the upcoming U.S.-...Reuters
Mon, Aug 11
WTI extends downside to near $62.50 as traders brace for potential US-Russia talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.50 during the early European trading hours on Monday. The WTI extends the decline near the lowest since June amid optimism over the proposed United States (US)-Russia meeting.
Fxstreet
Mon, Aug 11
Russia's Arctic LNG 2 continue loadings with 4th sanctioned tanker, data shows
SINGAPORE, Aug 11 (Reuters) - A liquefied natural gas (LNG) tanker targeted by U.S. sanctions has berthed at Russia's Arctic LNG 2 plant, the fourth such vessel to do so this year, shiptracking data from Kpler and LSEG showed. The Christophe De Margerie tanker arrived unloaded at Arctic LNG 2 on...Reuters
Mon, Aug 11
UBS Expects Brent To Decline To $62/Bbl By End-2025 And March 2026
Aug 11 (Reuters) - UBS: EXPECTS BRENT TO TRADE UNCHANGED AT $68/BBL AT END-SEPTEMBERSEES A DECLINE TO $62/BBL BY END-2025 AND MARCH 2026 FOR BRENTSEES A RECOVERY TO $65/BBL BY MID-2026 FOR BRENT, WHERE IT WILL LIKELY STAY AROUND IN 2H26NARROWS THE WTI DISCOUNT TO BRENT TO $3/BBL FROM $4/BBL PREVIOUS...Reuters
Mon, Aug 11
GRAINS-Soybeans rise after Trump says he wants China to buy more US beans
CANBERRA, Aug 11 (Reuters) - Chicago soybean prices rose more than 2.5% on Monday after U.S. President Donald Trump said that he hoped China would quadruple its soybean orders from the United States. China is the world's largest soy importer but has been reducing its purchases of U.S. beans amid...Reuters
Mon, Aug 11
Trump hopes China will quickly quadruple its US soybean orders
Trump says soybean orders will reduce Beijing's trade deficit with U.S.China-U.S. tariff truce deadline loomsAnalysts say quadrupling soybean orders is 'highly unlikely'By Ella Cao, Lewis Jackson and Chandni Shah Aug 10 (Reuters) - U.S. President Donald Trump said on Sunday that he ho...Reuters
Mon, Aug 11
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.81 per barrel, up from Friday’s close at $62.72.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.86.Fxstreet
Mon, Aug 11
Copper hits over one-week high on softer dollar, China demand hopes
BEIJING, Aug 11 (Reuters) - Copper futures climbed on Monday to hit their highest in more than a week, aided by a softer dollar and China demand hopes, even though supply concerns eased after Codelco got the nod to restart operations at the El Teniente mine in Chile.Reuters
Mon, Aug 11
