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WTI advances to two-week high, above $68.00 amid Middle East tensions and China optimism
West Texas Intermediate (WTI) US Crude Oil prices attract buyers for the third straight day on Tuesday and touch a fresh two-week high during the first half of the European session. The commodity currently trades just above the $68.00 mark, up over 1.25% for the day, and seems poised to climb...
Fxstreet
Tue, Mar 18
PRECIOUS-Gold extends historic rally as investors seek cover from tariff risks
Gold scales record high of $3,018.66/ozUS dollar index near four-month troughANZ hikes three month gold price forecasts to $3,100US Fed policy meeting concludes on Wednesday By Anjana Anil and Ashitha Shivaprasad March 18 (Reuters) - Gold scaled an all-time peak on Tuesday, extending its historic...Reuters
Tue, Mar 18
METALS-Copper slides from five-month high; China stimulus plan limits losses
SHANGHAI, March 18 (Reuters) - Copper prices on the London Metals Exchange (LME) slipped from a five-month high on Tuesday, though China's stimulus plan and a weak U.S. dollar limited the losses.Benchmark three-month copper CMCU3 on the LME slid from a five-month high and was down 0.3% at $9,831...Reuters
Tue, Mar 18
Japan offers to buy 122,456 tons of food wheat via tender
TOKYO, March 18 (Reuters) - Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 122,456 metric tons of food-quality wheat from the U.S., Canada and Australia in a regular tender that will close late on Wednesday.Japan, the world's sixth-biggest wheat i...Reuters
Tue, Mar 18
COLUMN-Innovators prime creaky US power grid to lift higher loads: Maguire
By Gavin MaguireLITTLETON, Colorado, March 18 (Reuters) - The United States' power grid has been singled out as a glaring weakness within its power system, with aging lines and transformers deemed unable to handle the rapid further jumps to both power supply and demand expected in the coming yea...Reuters
Tue, Mar 18
'Bullying' claims and China scrutiny ramp up pressure on CK Hutchison
Hong Kong leader says opposes use of "coercion" in tradeUS President Trump has hailed CK Hutchison ports dealChinese authorities have started looking into sale -BloombergCK Hutchison shares fall as much as 4.9%By Clare Jim HONG KONG, March 18 (Reuters) - Hong Kong is opposed to "bully...Reuters
Tue, Mar 18
Gold price climbs further beyond $3,000, fresh all-time peak and counting
Gold price (XAU/USD) scales higher for the second straight day – also marking its fifth day of a positive move in the previous six – and hits a fresh record high, around the $3,010 region during the Asian session on Tuesday. Against the backdrop of the uncertainty over US President Donald Trump’s...
Fxstreet
Tue, Mar 18
Silver Price Forecast: XAG/USD attracts some buyers to near $34.00 on economic uncertainty, geopolitical risks
Silver price (XAG/USD) extends its upside to around $33.90, its highest level since October 30, 2024, during the Asian trading hours on Tuesday, bolstered by the weaker US Dollar (USD).
Fxstreet
Tue, Mar 18
ANZ raises 6-month gold forecast to $3,200 per ounce
March 18 (Reuters) - ANZ raised its zero to 3-month gold price forecast to $3,100 per ounce and 6-month forecast to $3,200 per ounce, according to a research note on Tuesday.Gold prices surpassed the significant $3,000 mark on Tuesday for the second time, setting a new high, as investors sought cove...Reuters
Tue, Mar 18
PRESS DIGEST - Wall Street Journal - March 18
March 18 (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.- Canadian Prime Minister Mark Carney said changes in the geopolitical landscape and a need to secure more defense production in Canada hav...Reuters
Tue, Mar 18
ANZ raises 6-month gold forecast to $3,200 per ounce
March 18 (Reuters) - ANZ raised its zero to 3-month gold price forecast to $3,100 per ounce and 6-month forecast to $3,200 per ounce, according to a research note on Tuesday.Gold prices surpassed the significant $3,000-mark on Tuesday for the second time, setting a new high, as investors sought cove...Reuters
Tue, Mar 18
TECHNICALS-CBOT soybeans may retest resistance at $10.22
For more technical analyses, please click SINGAPORE, March 18 (Reuters) - The CBOT soybean May contract SK25 may retest resistance at $10.22 per bushel, driven by a wave C.This wave started at $9.94. It may either end around $10.22, its 61.8% projection level or extend to $10.39-1/2. As long as the ...Reuters
Tue, Mar 18
Freeport Indonesia says has export permit for 1.27 million tons of copper concentrate
JAKARTA, March 18 (Reuters) - Freeport Indonesia has obtained a permit to export 1.27 million metric tons of copper concentrate, its spokesperson said on Tuesday. The Indonesian government had said on Monday it would issue Freeport a six-month export permit while a damaged smelter is repaired, which...Reuters
Tue, Mar 18
China renews export registrations for US pork, poultry plants in relief to farmers
China allowed export registrations for U.S. meat plants to lapseChina renews registrations for pork, poultry plants, groups sayExporters hope Beijing renews U.S. beef plants soonBy Mei Mei Chu and Tom Polansek BEIJING/CHICAGO, March 17 (Reuters) - Beijing has renewed registrations that allow hund...Reuters
Tue, Mar 18
GRAINS-Wheat near 2-1/2-week high on US crop woes; soybeans firm
Weekly USDA wheat crop ratings decline in KansasMore damage to wheat crop likely from wind storms, tornadoesSlowing Russian exports to tighten global supplyBy Naveen Thukral SINGAPORE, March 18 (Reuters) - Chicago wheat gained more ground on Tuesday and was trading near its highest since late-Feb...Reuters
Tue, Mar 18
PRESS DIGEST-Financial Times - March 18
March 18 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Thames Water wins approval for controversial 3-billion-pound creditor loan- UK trade secretary Jonathan Reynolds seeks to fend off U....Reuters
Tue, Mar 18
METALS-Copper holds steady at five-month high on China stimulus plan
SHANGHAI, March 18 (Reuters) - Copper prices on the London Metals Exchange (LME) held steady at a five-month high on Tuesday, driven by China's stimulus plan and a weak U.S. dollar.Benchmark three-month copper CMCU3 on the LME steadied at a five-month high and was unchanged at $9,864 a metric to...Reuters
Tue, Mar 18
Freeport Indonesia says has export permit for 1.27 million tons of copper concentrate
JAKARTA, March 18 (Reuters) - Freeport Indonesia has obtained a permit to export 1.27 million metric tons of copper concentrate, its spokesperson said on Tuesday. The Indonesian government had said it would issue a six-month export permit while Freeport repairs a damaged smelter.Reuters
Tue, Mar 18
