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Gold Price Forecast: XAU/USD holds above $5,000 with US employment in focus
Gold (XAU/USD) is trading higher for the second consecutive day on Wednesday, standing above the $5,000 psychological level, trading at $ 5,050 at the time of writing, with markets calm ahead of the release of the US ADP Employment Change Report, due later on Wednesday.
Fxstreet
Wed, Feb 4
FACTBOX-Morgan Stanley raises near-term Brent forecasts
Feb 4 (Reuters) - Morgan Stanley has raised its near-term Brent forecasts, saying a geopolitical risk premium is likely to persist, but still expects prices below $60 per barrel later this year, it said in a note dated Tuesday.The bank raised its Brent forecast for the first quarter of 2026 to $62.5...Reuters
Wed, Feb 4
Ivanhoe eyes US market for Congo zinc under Project Vault
Gecamines and Mercuria to market Kipushi's zinc to US Project Vault aims to secure strategic metals for USKipushi mine to produce 240,000–290,000 metric tons of concentrate in 2026 KINSHASA, Feb 4 (Reuters) - Ivanhoe Mines IVN.TO is in advanced talks with Congo’s state miner Gecamines and Swi...Reuters
Wed, Feb 4
PRECIOUS-Gold extends gains as renewed U.S.-Iran tensions fuel safe-haven bid
Gold gains over 17% so far in 2026Silver up about 25% this yearADP private payroll data due later in the dayBy Noel John Feb 4 (Reuters) - Gold rose further on Wednesday, after logging its biggest daily gain in 17 years in the previous session, as investors flocked to the safe-haven asset amid fr...Reuters
Wed, Feb 4
Bunge beats fourth-quarter profit estimates
Feb 4 (Reuters) - Bunge BG.N beat Wall Street estimates for fourth-quarter adjusted profit on Wednesday, as the grain trader benefited from strong performance across all its segments.The Missouri-based company posted an adjusted profit of $1.99 per share for the three months ended December 31, compa...Reuters
Wed, Feb 4
Venezuelan expats who helped propel Canada oil sands growth see return home as unlikely
Venezuelan engineers, scientists, geologists helped develop Canada's oil sands industryVenezuelan oil industry decline coincided with Canada's oil sands growthReverse migration to Venezuela unlikely despite potential oil industry revivalBy Amanda Stephenson CALGARY, Feb 4 (Reuters) - Prof...Reuters
Wed, Feb 4
RPT-ROI-Warning from 'Down Under' may unsettle the Fed: Mike Dolan
By Mike Dolan LONDON, Feb 4 (Reuters) - The world's central banks - and many bond investors - may look at Australia's decision on Tuesday with some discomfort. The Reserve Bank of Australia delivered its first interest-rate rise in more than two years, a move that could herald a broader s...Reuters
Wed, Feb 4
Ivanhoe eyes US market for Congo zinc under Project Vault
Gecamines and Mercuria to market Kipushi's zinc to U.S. Project Vault aims to secure strategic metals for USKipushi mine to produce 240,000–290,000 metric tons of concentrate in 2026 KINSHASA, Feb 4 (Reuters) - Ivanhoe Mines IVN.TO is in advanced talks with Congo’s state miner Gecamines and S...Reuters
Wed, Feb 4
Deals of the day-Mergers and acquisitions
Feb 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday: A KKR KKR.N and Singapore Telecommunications STEL.SI consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the ...Reuters
Wed, Feb 4
Kremlin says it sees nothing new in India's plan to diversify its oil supplies
MOSCOW, Feb 4 (Reuters) - The Kremlin said on Wednesday that it saw nothing new in India's announcement that it would diversify its oil supplies as New Delhi has always bought oil from different countries, including Russia.Trade Minister Piyush Goyal said earlier on Wednesday that India would di...Reuters
Wed, Feb 4
Senators push $70 billion funding deal to support Trump's critical minerals push, FT reports
Feb 4 (Reuters) - Senators will introduce legislation on Wednesday to reauthorise funding for the United States Export-Import Bank for the next decade, as lawmakers try to inject an extra $70 billion into the agency to support U.S. President Donald Trump's critical minerals push, the Financial T...Reuters
Wed, Feb 4
Wartsila orders miss forecast, but upbeat on data centres
Q4 orders 2.22 billion euros vs forecast 2.33 billion eurosHit by US battery tariffs, tougher energy storage competitionCEO sees 'ample opportunities' in powering data centresBy Anne Kauranen and Marta FrackowiakHELSINKI, Feb 4 (Reuters) - Finnish engineering group Wartsila WRT1V.HE missed f...Reuters
Wed, Feb 4
Morgan Stanley Raises Near-Term Brent Forecasts
Feb 4 (Reuters) - MORGAN STANLEY:IN NOTE DATED FEB 3, RAISES NEAR-TERM BRENT FORECASTS AS THE GEOPOLITICAL RISK PREMIUM LIKELY PERSISTS FOR A PERIOD, BUT EXPECTS PRICES BELOW $60/ BBL LATER THIS YEAR, MORGAN STANLEY RAISES BRENT PRICE FORECAST TO $62.6/BBL IN Q126SAYS SUPPLY OUTAGES IN KAZAKHSTAN, U...Reuters
Wed, Feb 4
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
Russia's oil and gas revenues halved in January to $5.1 blnDrop driven by lower crude prices and a stronger roubleRussia ran a 2025 budget deficit of 2.6% of GDP MOSCOW, Feb 4 (Reuters) - Russian state oil and gas revenues halved in January compared to the same month of last year, hitting the...Reuters
Wed, Feb 4
Trump's India pact to make big dent in Russian oil revenue
Trump wants India to stop buying Russian oilIndia keeps silent but has reduced importsRussia has cut price of oil, budget suffersUS pressure rises at critical moment in Ukraine peace talks MOSCOW, Feb 4 (Reuters) - Russia faces a steep drop in oil income if U.S. President Donald Trump successfull...Reuters
Wed, Feb 4
Ukraine says it received first 2026 delivery of U.S. LNG
KYIV, Feb 4 (Reuters) - Ukraine's state-owned oil and gas major Naftogaz said on Wednesday that it has received delivery of almost 100 million cubic metres of U.S. LNG, the first such delivery in 2026.In a statement on the company's website, Naftogaz said the LNG was delivered in partnership...Reuters
Wed, Feb 4
EUROPE GAS-Prices rise on lower wind, U.S.-Iran tensions
LONDON, Feb 4 (Reuters) - Benchmark British and Dutch wholesale gas prices rose as concerns heightened again about the escalation of tensions between the United States and Iran, as well as declining wind output.The benchmark Dutch contract for March at the TTF hub TRNLTTFMc1 rose by 2.00 euros to 33...Reuters
Wed, Feb 4
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
MOSCOW, Feb 4 (Reuters) - Russian state oil and gas revenue halved in January year on year to a lowest level since July 2020, reaching 393.3 billion roubles ($5.10 billion), finance ministry data showed on Wednesday, due to lower crude prices and a stronger rouble.The budget revenue was also down la...Reuters
Wed, Feb 4
