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Gold breaks $4,400 for first time on Fed rate-cut bets, silver hits new high
Gold hits all-time high of $4,400.29/0zSilver hits record high of $69.44/ozPlatinum hits over 17-year highPalladium hits near three-year highBy Sherin Elizabeth VargheseDec 22 (Reuters) - Gold jumped past the $4,400-per-ounce level for the first time on Monday, riding on growing expectations of furtReuters
Mon, Dec 22
CORRECTED-Oil price gains after US interception of oil tanker off the coast of Venezuela over weekend
BEIJING, Dec 22 (Reuters) - Oil prices gained on Monday in early Asian trading hours after the U.S. intercepted an oil tanker off the coast of Venezuela in international waters.The U.S. is also pursuing another tanker, officials told Reuters on Sunday, in what would be the third such operation in le...Reuters
Mon, Dec 22
GRAINS-Soybeans rise from two-month low, Chinese demand in focus
Chinese buying of U.S. soybeans key to price directionPlentiful wheat supplies to limit upside in pricesBy Naveen Thukral SINGAPORE, Dec 22 (Reuters) - Chicago soybeans edged higher on Monday, as the market took a breather after last week's losses, which pushed prices to their weakest since l...Reuters
Mon, Dec 22
CORRECTED-Oil prices gain on US interception of oil tanker off the coast of Venezuela over weekend
By Sam Li and Lewis Jackson Dec 22 (Reuters) - Oil prices climbed in early trade on Monday after the U.S. intercepted an oil tanker off the coast of Venezuela in international waters.Brent crude futures LCOc1 rose 44 cents, or 0.73%, to $60.91 per barrel by 0141 GMT, while U.S. West Texas Interme...Reuters
Mon, Dec 22
Silver Price Forecast: XAG/USD hits record highs near $69.00 on renewed Israel-Iran tensions
Silver price (XAG/USD) trades 2.5% higher to near $69.00 during the Asian trading session on Monday, the highest level ever seen. The white metal strengthens as investors shift to a safe-haven fleet on renewed tensions between Israel and Iran.
Fxstreet
Mon, Dec 22
Ukrainian drone attack damages two vessels in Russia's Krasnodar, officials say
Dec 22 (Reuters) - A Ukrainian drone attack damaged two vessels, two piers and sparked a fire in a village on the Black Sea coast in Russia’s Krasnodar region, regional authorities said on Monday.All crew on the ships at the Volna terminal on the Black Sea have been safely evacuated, the Krasnodar r...Reuters
Mon, Dec 22
TECHNICALS-CBOT soybeans may extend loss into $10.37-3/4 to $10.43-1/2 range
For more technical analyses, please click SINGAPORE, Dec 22 (Reuters) - The CBOT soybean January contract SF26 may extend loss into a range of $10.37-3/4 to $10.43-1/2 per bushel, as it has briefly pierced below a key support at $10.51-1/2.The contract is riding on a wave C which may either end arou...Reuters
Mon, Dec 22
Breaking: Gold reaches all-time high near $4,380 amid safe-haven flows
Gold (XAU/USD) rises and hits its record high around $4,380 during the Asian session on Monday. The precious metal gains momentum as the Israel-Iran conflict and the rising in US-Venezuela tensions boost the safe-haven demand.Fxstreet
Mon, Dec 22
PRECIOUS-Gold hits all-time high, propelled by US rate-cut hopes, safe-haven appeal
Dec 22 (Reuters) - Spot gold surged to a record high of $4,383.73 per ounce on Monday, lifted by expectations of further U.S. Federal Reserve rate cuts after last week's quarter-point reduction, sustained safe-haven demand, and a softer dollar.Gold, a traditional safe-haven asset, is up 67% for ...Reuters
Mon, Dec 22
GRAINS-Soybeans rise from two-month low, wheat gains for third session
SINGAPORE, Dec 22 (Reuters) - Chicago soybeans edged higher on Monday, as the market took a breather after last week's losses, which pushed prices to their weakest since late October amid uncertainty over demand from top importer China.Wheat gained more ground on bargain-buying, although ample g...Reuters
Mon, Dec 22
WTI touches one-week high, eyes $57.00 amid rising geopolitical tensions
West Texas Intermediate (WTI) US Crude Oil prices kick off the new week on a positive note and touch a one-week top, around the $57.00 neighborhood during the Asian session. The intraday rise, however, lacks bullish conviction amid a combination of diverging forces.
Fxstreet
Mon, Dec 22
Ukrainian drone attack damages two vessels in Russia's Krasnodar, regional authorities say
Dec 22 (Reuters) - Two vessels and two piers were damaged as a result of a Ukrainian drone attack in Russia’s Krasnodar region, authorities in the southern Russia region said on Monday.All crew on the ships at the Volna terminal in the region have been safely evacuated, the Krasnodar region’s operat...Reuters
Mon, Dec 22
PRESS DIGEST-British Business - December 22
Dec 22 (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 - UK's Monzo is open to discussions about one of its investors joining its board as the digital ...Reuters
Mon, Dec 22
US pursuing third oil tanker near Venezuela, officials say
US Coast Guard pursuing sanctioned tanker near VenezuelaIt would be the third interception of a tanker in less than two weeksOil prices edge higher in early tradingBy Idrees Ali, Steve Holland and Helen Coster Dec 21 (Reuters) - The U.S. Coast Guard is pursuing an oil tanker in international wate...Reuters
Mon, Dec 22
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 22 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$61.34/$62.08sup $60.61/$60.16Palm oil (3rd month)3,885/3,859 ringgitres 3,918/3,938/3,971 ringgitWTI(1st month)$57.36/$57.83sup $56.59/$56.29/$55.82Spot gold$4,375/$4,395...Reuters
Mon, Dec 22
Power restored for about 110,000 customers in San Francisco after outage
Dec 21 (Reuters) - Power was restored for about 110,000 customers in San Francisco after a sizable part of the city was hit by an outage on Saturday, according to the city's emergency management department and its main utility firm, Pacific Gas and Electric Company.The blackout affected about 13...Reuters
Sun, Dec 21
ANALYSIS-China's power reforms, global data centre buildout usher in battery boom
China lithium-ion battery cells for energy storage tipped to jump 75% this yearChina dominates production as global, domestic demand climbSurge driven by data centres, China renewables and reformsBy Colleen Howe BEIJING, Dec 22 (Reuters) - A revamp of China's electricity market is boosting th...Reuters
Sun, Dec 21
Seatrium, Maersk settle dispute over $475 million contract for offshore wind vessel
Dec 22 (Reuters) - Singapore-based shipbuilder Seatrium SEAT.SI said on Monday it has reached a settlement with Denmark's Maersk MAERSKb.CO to deliver an offshore wind vessel that was intended to work on a project off the coast of New York.Seatrium announced Maersk terminated the contract on Oct...Reuters
Sun, Dec 21
