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Silver Price Forecast: XAG/USD gains further to near $37.50 as Fed rate cut in September looks likely
Silver price (XAG/USD) extends its recovery move to near $37.50 during the European trading session on Tuesday. The white metal strengthens as traders have raised bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting.
Fxstreet
Tue, Aug 5
METALS-Copper extends gains on Chile supply worries, softer dollar
By Brijesh Patel Aug 5 (Reuters) - Copper prices rose on Tuesday, supported by a weaker U.S. dollar and supply concerns after the collapse of a mine in top producer Chile.Three-month copper on the London Metal Exchange CMCU3 advanced for a third straight session, up 0.4% at $9,723.50 per metric t...Reuters
Tue, Aug 5
Anti-drone system propels Greek plans for home-grown defence industry
Greece to spend hundreds of millions of euros on defence innovation Three anti-drone systems to enter mass production in 2026 Drone technology will be used to protect troops, ships near Turkish borderBy Lefteris Papadimas ATHENS, Aug 5 (Reuters) - It took just minutes for a new Greek-made anti-d...Reuters
Tue, Aug 5
PRECIOUS-Gold hovers near two-week high as weak US jobs data raises rate cut bets
Trump threatens India again with harsh tariffs over Russian oil purchasesTraders see 90% chance of Fed rate cut in SeptemberDollar at one-week lowBy Anushree Mukherjee and Brijesh Patel Aug 5 (Reuters) - Gold prices steadied on Tuesday, hovering near a two-week high hit in the last session, as so...Reuters
Tue, Aug 5
Australia weighs price floor for critical minerals, boosting rare earths miners
Government will prioritise strategic projects like rare earthsPrice floor part of Australia's critical minerals reserve strategyLynas shares hit highest in 13 yearsBy Melanie Burton MELBOURNE, Aug 5 (Reuters) - Australia is considering setting a price floor to support critical minerals projec...Reuters
Tue, Aug 5
Asia-US sea freight rates set to extend declines amid tariff chaos
Ocean freight rates to trek lower through rest of 2025 Tariffs and conflict reshape global shipping routesRerouting absorbs capacity, providing floor to ratesBy Jeslyn Lerh SINGAPORE, Aug 5 (Reuters) - Asia-U.S. sea freight rates are set to drop further in 2025 as shipping capacity outpaces deman...Reuters
Tue, Aug 5
Maurel & Prom's half-year core profit drops by 25% on lower oil prices
By Mathias de Rozario Aug 5 (Reuters) - French oil group Maurel & Prom MAUP.PA reported a 25% drop in its half-year core profit on Tuesday, hit by falling crude oil prices.Earnings before interest, taxes, depreciation and amortization fell to $140 million in the six-month period, from $186 mi...Reuters
Tue, Aug 5
Australia pledges $87 million to rescue Trafigura's Nyrstar smelters in critical minerals push
Nyrstar to study production of antimony, bismuth at Port PirieWill consider producing germanium, indium at Hobart zinc plantFunding will allow for studies into modernising plantsBy Melanie Burton MELBOURNE, Aug 5 (Reuters) - Australia said on Tuesday that it will provide A$135 million ($87.4 mill...Reuters
Tue, Aug 5
BP reports $2.53 billion second-quarter profit, beating expectations
LONDON, Aug 5 (Reuters) - BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35 billion, beating the average $1.82 billion in a company-provided poll of analysts.It will keep the pace of its share buyback programme at $750 million for the second q...Reuters
Tue, Aug 5
Canada's First Quantum strikes $1 billion gold streaming deal with Royal Gold
Aug 5 (Reuters) - Canadian miner First Quantum Minerals FM.TO signed a $1 billion gold streaming agreement with a subsidiary of its peer Royal Gold RGLD.O, the two companies said in a statement on Tuesday.Gold streaming is a financing mechanism in which a buyer makes an upfront payment to a miner in...Reuters
Tue, Aug 5
Canada's First Quantum strikes $1 billion gold streaming deal with Royal Gold
Aug 5 (Reuters) - Canadian miner First Quantum Minerals FM.TO said on Tuesday it has signed a $1 billion gold streaming agreement with a subsidiary of its Canadian peer Royal Gold RGLD.O.Gold streaming is a financing mechanism in which a buyer makes an up-front payment to a miner in exchange for pur...Reuters
Tue, Aug 5
TECHNICALS-CBOT soybeans neutral in $9.86 to $9.94-3/4 range
For more technical analyses, please click SINGAPORE, Aug 5 (Reuters) - The CBOT soybean November contract SX25 looks neutral in a range of $9.86 to $9.94-3/4 per bushel, and an escape could suggest a direction.A break above $9.94-3/4 could lead to a gain into the $10.03-1/2 to $10.06-3/4 range, whil...Reuters
Tue, Aug 5
GRAINS-Ample production pushes wheat towards five-year lows
CANBERRA, Aug 5 (Reuters) - Chicago wheat futures fell to a three-month low on Tuesday, with prices drifting towards their lowest levels since 2020 as Northern Hemisphere harvests pour supply onto the market. Soybean and corn futures also slipped amid high U.S. crop conditions ratings and plentiful ...Reuters
Tue, Aug 5
METALS-Copper extends gains on Chile supply worries, weaker dollar
By Brijesh Patel Aug 5 (Reuters) - London copper rose for a third straight session on Tuesday, supported an overall weaker U.S. dollar and supply concerns after a fatal mining collapse in top producer Chile.Three-month copper on the London Metal Exchange CMCU3 was up 0.1% at $9,696 per metric ton...Reuters
Tue, Aug 5
