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PRECIOUS-Gold trims losses as Trump postpones strikes on Iran's energy assets
Spot gold posted worst week since 1983 on Friday Oil plunges after Trump postpones strikesPalladium up over 3% By Ashitha Shivaprasad March 23 (Reuters) - Gold trimmed losses to recover from a four-month low on Monday, after U.S. President Donald Trump postponed military strikes on Iranian infras...
Reuters
Mon, Mar 23
Trump says US has 'major points of agreement' in talks with Iran
WASHINGTON, March 23 (Reuters) - President Donald Trump on Monday told reporters the U.S. has had strong talks with Iran and said the two sides had "major points of agreement."
Reuters
Mon, Mar 23
DoorDash rolls out emergency relief as surging pump prices hit US gig workers
By Nicole JaoNEW YORK, March 23 (Reuters) - Food delivery company DoorDash DASH.O said on Monday it is launching an emergency relief program to help U.S. gig workers offset rising fuel costs.The move comes as U.S. gig workers grapple with surging gasoline prices, driven by higher crude oil prices du...
Reuters
Mon, Mar 23
Hungary's Orban orders probe into alleged wiretapping of minister over Russia links
Orban faces tough election on April 12Launches probe into alleged tapping of minister's callsMedia report says minister informed Moscow about EU meetingsOrban blocked loan to Ukraine last weekBy Krisztina Than BUDAPEST, March 23 (Reuters) - Hungarian Prime Minister Viktor Orban ordered a prob...
Reuters
Mon, Mar 23
EUROPE GAS-Prices fall as Trump postpones strikes on Iran power plants
OSLO, March 23 (Reuters) - The European benchmark gas contract fell sharply on Monday after U.S. President Donald Trump said he would postpone strikes on Iranian power plants and energy infrastructure and that a deal with Iran could be reached "within five days or sooner"...
Reuters
Mon, Mar 23
US natgas futures dip about 5% as Trump delays Iran strikes
US natural gas futures drop 5% due to milder weather forecastsWaha Hub prices negative for 32 consecutive days due to pipeline constraintsUS LNG exports decline slightly in March from February's record highBy Scott DiSavino NEW YORK, March 23 (Reuters) - U.S. natural gas futures fell about 5%...
Reuters
Mon, Mar 23
CBOT Trends-Wheat down 8-10 cents, corn down 4-5 cents, soybeans down 1-3 cents
CHICAGO, March 23 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday: WHEAT - Down 8 to 10 cents per bushelGrains and oilseeds fell as crude oil plunged on U.S. President Donald T...
Reuters
Mon, Mar 23
CORRECTED-Canada's Conifex Q4 revenue falls on lower shipment volumes
OverviewCanada lumber and bioenergy producer's Q4 revenue drops 16% yr/yr, with lumber revenue falling 25% amid lower shipment volumesQ4 net loss widened as elevated duty and tariff rates weighed on operating resultsCompany secured C$19 mln term loan after year-end to address liquidity challenge...
Reuters
Mon, Mar 23
RPT-CERAWEEK-US energy, interior secretaries meet executives amid market turmoil
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's wors...
Reuters
Mon, Mar 23
Japan government considering intervention in oil futures, market sources say
By Atsuko Aoyama and Takaya YamaguchiTOKYO, March 23 (Reuters) - Japan's government is considering intervention in crude oil futures as the Middle East crisis drives energy prices sharply higher, market sources said on Monday.Government inquiries were made regarding specific methods for interven...
Reuters
Mon, Mar 23
Sugar Falls After Oil Price Slumps as Trump Backs Down on Iran Power Strikes
LONDON, March 23 (Reuters) - Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure.
Reuters
Mon, Mar 23
Chicago Grains Choppy After Trump Delays Strikes on Iran Power Plants
PARIS/BEIJING, March 23 (Reuters) - Chicago grain and soybean futures flitted between positive and negative territory on Monday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.
Reuters
Mon, Mar 23
RPT-ROI-Every missile fired over Iran is burning through US tungsten stocks: Andy Home
By Andy Home LONDON, March 23 (Reuters) - The U.S. and Israel have used thousands of munitions in their air campaign against Iran. Most, if not all of them, contain tungsten - a super-hard metal that allows missiles to penetrate armour or underground bunkers. Unlike a tungsten carbide drill b...
Reuters
Mon, Mar 23
RPT-ROI-Crude oil's Catch-22: Pricing for Trump TACO trade makes it less likely: Russell
By Clyde Russell LAUNCESTON, Australia, March 23 (Reuters) - The crude oil futures markets are still largely pricing for an early resolution to the conflict in the Middle East that results in the full re-opening of the Strait of Hormuz.But in pricing for this outcome the market is actually making...
Reuters
Mon, Mar 23
DoorDash rolls out emergency relief program as surging pump prices hit gig workers
By Nicole JaoNEW YORK, March 23 (Reuters) - Food delivery company DoorDash DASH.O said on Monday it is launching an emergency relief program to help U.S. gig workers offset rising fuel costs.The move comes as U.S. gig workers grapple with surging gasoline prices, driven by higher crude oil prices du...
Reuters
Mon, Mar 23
Gold: Medium-term risks from CTA flows – TD Securities
TD Securities’ Senior Commodity Strategist Daniel Ghali argues that Gold’s bull market has been driven by successive capital pools, from central banks to institutional and retail investors, effectively mimicking a carry trade.
Gold
Fxstreet
Mon, Mar 23
Gas tankers sail through Hormuz to India, most ships still stuck, data shows
LONDON/NEW DELHI, March 23 (Reuters) - Two Indian-flagged liquefied petroleum gas (LPG) tankers on Monday sailed through the Strait of Hormuz although overall traffic through the critical waterway remained blocked, according to data and sources.The Pine Gas tanker sailed through the Strait with the ...
Reuters
Mon, Mar 23
PRECIOUS-Gold recovers from four-month low as oil falls after Trump delays Iran strikes
Gold pares some losses, down 2%Brent crude falls over 12% after Trump's remarksTrump says he has postponed strikes on Iranian power plantsBy Ishaan Arora and Pablo Sinha March 23 (Reuters) - Gold pared some earlier losses on Monday after U.S. President Donald Trump said he would delay any st...
Reuters
Mon, Mar 23
Gold rebounds from year-to-date lows as Trump delays Iran energy strikes
Gold (XAU/USD) rebounds from year-to-date lows on Monday as bargain hunting emerges after a steep sell-off, with the metal finding support after news that US President Donald Trump postponed planned strikes against Iran's power plants and energy infrastructure.
Gold
Fxstreet
Mon, Mar 23
WTI Oil drops as US strike delay eases Middle East supply disruption fears
West Texas Intermediate (WTI) US Oil trades around $92.20 on Monday at the time of writing, down 5.45% on the day, after falling sharply from around $100 to a daily low of $83.99, its lowest level in more than a week, amid a relative easing of geopolitical tensions.
WTI
Fxstreet
Mon, Mar 23
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