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Gold Price Forecast: XAU/USD finds cushion below $3,300 while 50-day EMA acts as key barrier
Gold price (XAU/USD) trades almost 1% higher around $3,315 during the European trading session on Thursday.
Gold
Fxstreet
Thu, Jul 31
PBF Energy partially restarts Martinez refinery, posts smaller-than-expected quarterly loss
July 31 (Reuters) - PBF Energy PBF.N said on Thursday its Martinez refinery was partially operational and expected to run at a reduced capacity until repairs were completed, with a full restart of the remaining units planned by the end of 2025.A fire had broken out at the 156,400-barrel-per-day (bpd...
Reuters
Thu, Jul 31
MPLX to buy Northwind Midstream in $2.38 billion deal
July 31 (Reuters) - MPLX LP MPLX.N said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash, in a deal the midstream energy infrastructure firm expects will immediately boost its distributable cash flow.
Reuters
Thu, Jul 31
NYSE-parent ICE's second-quarter profit rises on robust trading volume
July 31 (Reuters) - Intercontinental Exchange ICE.N reported an increase in second-quarter profit on Thursday, as it benefited from strong trading volumes in its energy business.The New York Stock Exchange parent reported adjusted earnings of $1 billion, or $1.81 per share, for the quarter ended Jun...
Reuters
Thu, Jul 31
Cannabis firm C21 Investments Q1 revenue up 30%
OverviewC21 Investments Q1 revenue grows 30% yr/yr, driven by same-store sales growthAdjusted EBITDA for Q1 up 244% yr/yr, reflecting improved retail salesCo repurchased 184,500 shares for cancellation during the quarterOutlookCompany plans to refile amended U.S. federal income tax returnsC21 Invest...
Reuters
Thu, Jul 31
Xcel Energy's quarterly profit boosted by rate hikes, rising power demand
July 31 (Reuters) - U.S. utility Xcel Energy XEL.O on Thursday reported a 47% rise in second-quarter profit, helped by higher revenue through rate hikes, even as rising interest, depreciation and operations costs partially offset the gains.Xcel was able to bring in more revenue through regulator-app...
Reuters
Thu, Jul 31
GRAINS-Chicago soybeans and corn steady on favourable weather; wheat edges higher
BEIJING/PARIS, July 31 (Reuters) - Chicago soybean futures were flat on Thursday, holding near a four-month low amid favourable weather, abundant global supplies and sluggish Chinese demand. The most active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was barely changed at $9.95-1/4 a b...
Reuters
Thu, Jul 31
Coffee prices rise as US imposes tariffs on top exporter Brazil
By May Angel LONDON, July 31 (Reuters) - World coffee prices rose on Thursday but gains were muted overall as traders continued to hold out hope that the United States could exempt coffee from its 50% trade tariff on most Brazilian goods.U.S. President Donald Trump on Wednesday slapped the 50% ta...
Reuters
Thu, Jul 31
Pakistan says it wins US tariff deal; Trump cites oil reserves pact
Pakistan says deal to lower tariffs on its exports to USWashington makes no mention of tariff Trump says US, Pakistan to develop Islamabad's oil reservesBy Ariba Shahid, Asif Shahzad and Kanishka SinghISLAMABAD/WASHINGTON, July 31 (Reuters) - The United States and Pakistan hailed a trade deal on...
Reuters
Thu, Jul 31
EU could aggregate demand from companies to buy U.S. LNG
BRUSSELS, July 31 (Reuters) - The European Commission could aggregate demand from European companies to purchase more U.S. liquefied natural gas (LNG), as part of its efforts to reach the EU's pledge to buy $250 billion in U.S. energy per year, a spokesperson for the Commission said on Thursday....
Reuters
Thu, Jul 31
TC Energy's second-quarter profit beats estimates
July 31 (Reuters) - Canadian pipeline operator TC Energy TRP.TO beat analysts' estimates for second-quarter profit on Thursday, helped by increased natural gas and power demand.On an adjusted basis, the Calgary-based company earned 82 Canadian cents per share for the three months ended June 30, ...
Reuters
Thu, Jul 31
HF Sinclair beats second-quarter profit estimates
July 31 (Reuters) - Refiner HF Sinclair DINO.N beat Wall Street estimates for second-quarter profit on Thursday, helped by improving refining margins.The company reported adjusted profit of $1.70 per share for the three months ended June 30, compared with analysts' average estimate of $1.02 per ...
Reuters
Thu, Jul 31
VEGOILS-Palm slips on weak rival edible oils, rising output, sluggish demand
KUALA LUMPUR, July 31 (Reuters) - Malaysian palm oil futures snapped two straight sessions of gains on Thursday, as weak rival edible oils weighed on prices, while concerns over rising production and sluggish export demand added further pressure. The benchmark palm oil contract FCPOc3 for October de...
Reuters
Thu, Jul 31
Toyota To Fully Resume Production At All Plants From August 1 Morning After Tsunami-Related Suspension, Nikkei Says
July 31 (Reuters) - Toyota Motor Corp 7203.T:TOYOTA TO FULLY RESUME PRODUCTION AT ALL PLANTS FROM AUGUST 1 MORNING AFTER TSUNAMI-RELATED SUSPENSION, NIKKEI SAYSSource text: [ID:]
Reuters
Thu, Jul 31
Foraco Q2 revenue falls 11% to $69.1 mln
OverviewForaco Q2 2025 revenue falls 11% yr/yr to $69.1 mlnEBITDA for Q2 2025 down to $14.0 mln, impacted by lower activityGross margin declines due to new contract ramp-ups and one-off costsOutlookForaco expects positive developments in Asia Pacific and new US contractsCompany focuses on high-poten...
Reuters
Thu, Jul 31
EXCLUSIVE-Indian state refiners pause Russian oil purchases, sources say
By Nidhi Verma NEW DELHI, July 30 (Reuters) - Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned against purchasing oil from Moscow, industry sources said.India, the world's third-largest oil importer,...
Reuters
Thu, Jul 31
June Air Cargo Demand Up 0.8% Despite Trade Disruptions - IATA
July 31 (Reuters) - IATA: JUNE AIR CARGO DEMAND UP 0.8% DESPITE TRADE DISRUPTIONS - IATACAPACITY IN JUNE, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), INCREASED BY 1.7% COMPARED TO JUNE 2024 (2.8% FOR INTERNATIONAL OPERATIONS) - IATATOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), ROS...
Reuters
Thu, Jul 31
Australia intelligence chief says spies targeting rare earths and AUKUS- FT
-- Source link: https://tinyurl.com/26n4k7wb-- Note: Reuters has not verified this story and does not vouch for its accuracy
Reuters
Thu, Jul 31
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Fxstreet
Thu, Jul 31
TIMELINE-Major developments in Trump's trade war
July 31 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments:February 1 - Trump imposes 25% tariffs on Mexican and most C...
Reuters
Thu, Jul 31
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