News
Important Only
GRAINS-Wheat slips further on global supply pressure, Ukraine ceasefire talks
CANBERRA/PARIS, Dec 16 (Reuters) - Chicago wheat futures extended losses on Tuesday, hovering near their lowest level since late October, as bumper harvests in Argentina and Australia and rising expectations of a ceasefire in Ukraine reinforced supply pressure.Corn futures also eased, weighed down b...Reuters
Tue, Dec 16
EU to widen carbon border levy to close loopholes on polluting goods, draft shows
EU to widen carbon border levy to car parts and appliances, draft showsWorld-first climate policy starts in JanuaryCriticism from trading partners, including India, ChinaEU plans to use levy revenues to support domestic industry, draft saysBy Kate AbnettBRUSSELS, Dec 16 (Reuters) - The European Unio...Reuters
Tue, Dec 16
Gold Price Forecast: XAU/USD slumps to near $4,270, US NFP takes centre stage
Gold price (XAU/USD) trades 0.6% lower to near $4,270 during the European trading session on Tuesday. The yellow metal faces intense selling pressure as profit-booking kicks in after revisiting the all-time high above $4,350.
Fxstreet
Tue, Dec 16
CORRECTED-PRECIOUS-Gold edges down as investors turn cautious ahead of year-end US data
Fed Governor Stephen Miran says inflation closer to 2% targetUS Nov non-farm payrolls, unemployment rate data due at 1330 GMTUS weekly jobless claims, PCE data due on FridayBy Ishaan Arora and Sherin Elizabeth Varghese Dec 16 (Reuters) - Gold prices slipped on Tuesday, as investors turned cautiou...Reuters
Tue, Dec 16
CORRECTED-PRECIOUS-Gold edges higher as dollar eases ahead of year-end US jobs data
US dollar at near two-month lowsFed Governor Stephen Miran says inflation closer to 2% targetUS Nov non-farm payrolls, unemployment rate data due at 1330 GMT By Ishaan Arora Dec 16 (Reuters) - Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of k...Reuters
Tue, Dec 16
Morgan Stanley revises 2026 price forecast for base metals
Dec 16 (Reuters) - Morgan Stanley revised its 2026 price forecast for aluminium, zinc, nickel, and lead on Tuesday, citing a strong outlook for metals driven by anticipated rate cuts, potential dollar weakness, and growing investor demand for real assets.Morgan Stanley expects aluminum prices to rea...Reuters
Tue, Dec 16
CORRECTED-PRECIOUS-Gold edges down as investors turn cautious ahead of year-end US data
Fed Governor Stephen Miran says inflation closer to 2% targetUS Nov non-farm payrolls, unemployment rate data due at 1330 GMTUS weekly jobless claims, PCE data due on FridayBy Ishaan Arora and Sherin Elizabeth Varghese Dec 16 (Reuters) - Gold prices slipped on Tuesday, as investors turned cautiou...Reuters
Tue, Dec 16
CORRECTED-PRECIOUS-Gold edges higher ahead of US data; silver dips but stays near record high
Dec 16 (Reuters) - Gold prices edged higher on Tuesday, as investors awaited key jobs data due later in the day, while silver hovered near record highs hit last week. FUNDAMENTALSSpot gold XAU= was up 0.1% at $4,304.92 per ounce, as of 0103 GMT. U.S. gold futures GCcv1 were steady at $4,333...Reuters
Tue, Dec 16
Ukraine's Kyivstar buys solar power plant to bolster network resilience
By Gianluca Lo Nostro Dec 16 (Reuters) - Ukraine's Kyivstar KYIV.O said on Tuesday it had acquired solar power company Sunvin 11, as the mobile operator steps up energy investments to keep its network online amid Russian attacks on the country's grid. WHY IT MATTERSKyivstar, Ukraine&#...Reuters
Tue, Dec 16
Morgan stanley revises 2026 price forecast for base metals
Dec 16 (Reuters) - Morgan Stanley on Tuesday revised its 2026 price forecast for Aluminium, Zinc, Nickel, and Lead. Morgan Stanley said in a note it expects Aluminum prices to reach $3,250 per ton by the second quarter of 2026. Zinc prices are forecast to fall slightly in 2026 to $2,900/ton, whil...Reuters
Tue, Dec 16
CORRECTED-PRECIOUS-Gold rises on weaker dollar, rate cut expectations ahead of US jobs data (Dec 15)
Dollar U.S. employment data due on TuesdayPalladium climbs to 2-month peak, platinum at 14-year highBy Sarah Qureshi Dec 15 (Reuters) - Spot gold rose to hover near a seven-week peak on Monday, bolstered by a softer dollar and expectations of U.S. interest rate cuts ahead of key jobs data, while ...Reuters
Tue, Dec 16
CORRECTED-PRECIOUS-Gold rises on weaker dollar, rate cut expectations ahead of US jobs data (Dec 15)
Dollar U.S. employment data due on TuesdayPalladium climbs to 2-month peak, platinum at 14-year highBy Sarah Qureshi Dec 15 (Reuters) - Spot gold rose to hover near a seven-week peak on Monday, bolstered by a softer dollar and expectations of U.S. interest rate cuts ahead of key jobs data, while ...Reuters
Tue, Dec 16
TotalEnergies to sell stake in Malaysian gas block to Thailand's PTTEP
Thailand is Southeast Asia's top LNG importerMalaysia is a top five global LNG exporterTotalEnergies under pressure to lower debtNatural gas demand set to riseBy America Hernandez PARIS, Dec 16 - TotalEnergies TTEF.PA has agreed to sell an indirect stake of almost 10% in a Malaysian offshore ...Reuters
Tue, Dec 16
Korea Zinc shareholders ask court to block share sale in $7.4 billion US project
Injunction sought to block $1.9 billion share sale Korea Zinc shares drop 14%Top shareholders argue board had insufficient time to review the planBy Heejin Kim and Hyunjoo Jin SEOUL, Dec 16 (Reuters) - Two major Korea Zinc 000670.KS shareholders asked a court on Tuesday to block the company's...Reuters
Tue, Dec 16
EU to extend carbon border levy to new products, draft shows
BRUSSELS, Dec 16 (Reuters) - The European Union plans to expand its upcoming carbon border tariff to cover more imported products, a draft European Commission document seen by Reuters showed, in an attempt to close a loophole for foreign firms to circumvent the levy."The proposal will extend the...Reuters
Tue, Dec 16
REFILE-Ghana bans mining in forest reserves to curb environmental damage
ACCRA, Dec 11 (Reuters) - Ghana has banned mining in forest reserves as part of sweeping environmental protections aimed at safeguarding water bodies and halting deforestation, the Ministry of Environment, Science and Technology said.Africa’s top gold producer is battling a surge in poorly regulated...Reuters
Tue, Dec 16
