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Gold falls to near $4,900 as selling pressure intensifies
Gold price (XAU/USD) faces some selling pressure around $4,910 during the early Asian session on Friday. The yellow metal tumbles over 3.50% on the day, with algorithmic traders appearing to amplify the precious metal’s sudden drop.
Fxstreet
Thu, Feb 12
CANADA-CRUDE-Discount on Western Canada Select steady
Feb 12 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was steady on Thursday.WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, steady on W...Reuters
Thu, Feb 12
CIF/FOB Gulf Grain-Soybean barge bids firm on China buying hopes, corn flat-lower
CHICAGO, Feb 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were firmer on Thursday on expectations that top importer China would increase U.S. purchases later in the season despite ample supplies available from Brazil, traders said.CIF corn basis bids were flat...Reuters
Thu, Feb 12
RPT-ANALYSIS-Global shipping industry sticks with green investments, despite carbon price delay
Shipping accounts for nearly 3% of greenhouse gas emissionsIMO to consider carbon price again this yearShipping, energy companies forge ahead with green investmentsRules may change again over ships' 30-year lifespans, Wartsila CEO saysBy Enes Tunagur and Jeslyn Lerh LONDON/SINGAPORE, Feb 12 (...Reuters
Thu, Feb 12
CBOT corn ends higher, led by strength in soy and wheat
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade corn futures closed higher on Thursday on spillover strength from soybeans and wheat as well as better-than-expected weekly U.S. export sales, traders said.CBOT March corn CH26 settled up 3-3/4 cents at $4.31-1/4 per bushel. Strong weekly export da...Reuters
Thu, Feb 12
US and North Macedonia reach framework deal on tariffs, LNG purchases
WASHINGTON, Feb 12 (Reuters) - The Trump administration and North Macedonia on Thursday announced the framework of a trade deal that eliminates all North Macedonian tariffs on U.S. industrial and agricultural imports, while maintaining a 15% tariff rate on goods from the land-locked Balkan country.A...Reuters
Thu, Feb 12
Canadian miner Agnico Eagle's Q4 net income rises on higher gold prices
OverviewCanada gold miner's Q4 net income rises to $1.5 bln, driven by higher gold pricesRecord free cash flow of $1.3 bln in Q4, supported by strong operating marginsQuarterly dividend increased by 12.5%, reflecting strong financial performanceOutlookAgnico Eagle forecasts annual gold productio...Reuters
Thu, Feb 12
CBOT wheat nears 3-month high on bargain-buying, short covering
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade wheat futures rose nearly 3% on Thursday on chart-based buying and short-covering, traders said.CBOT March soft red winter wheat WH26 settled up 15-1/4 cents, or 2.8%, at $5.52-1/2 per bushel, after reaching $5.53-1/2, the contract's highest sin...Reuters
Thu, Feb 12
Mercer International Q4 revenue falls
OverviewGlobal forest products firm's Q4 revenue fell 8% yr/yrNet loss for Q4 was $308.7 mln, impacted by $238.7 mln non-cash impairmentsCompany's cash flow from operations increased by $76 mln from prior quarterOutlookMercer expects pulp prices to modestly increase in Q1 2026 due to stable ...Reuters
Thu, Feb 12
CBOT soybeans set two-month high on hopes for China export business
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade soybean futures set a two-month high on Thursday on hopes that a potential thaw in U.S. trade relations with top global soy buyer China could spur fresh purchases of the oilseed, analysts said.CBOT March soybeans SH26 settled up 13-1/4 cents, or 1.2...Reuters
Thu, Feb 12
Venezuela's PDVSA offers expanded oil areas to joint venture partners, sources say
By Marianna Parraga and Sheila DangHOUSTON/CARACAS, Feb 12 (Reuters) - Venezuela's state-run oil company PDVSA is in talks with many of its joint-venture partners to offer them expansions to the oilfields their projects have assigned, three sources with knowledge of the matter said, a move that ...Reuters
Thu, Feb 12
Mexican ships carrying humanitarian aid enter Havana Harbor
Mexico sends aid amid US pressure on Cuba oil supplyCuba faces strict rationing due to US fuel supply threatsMexican President Sheinbaum pledges more aid shipments to CubaBy Dave Sherwood HAVANA, Feb 12 (Reuters) - Two Mexican-flagged ships loaded with humanitarian aid entered Havana Harbor early...Reuters
Thu, Feb 12
Oil prices fall on supply forecast, easing risk
Trump says talks with Tehran will continueLarge build in US crude stocks caps price gains IEA lowers global oil demand forecast for 2026Market anticipating Venezuelan crude to add to supplyBy Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices dropped on Thursday due to falling demand, retreating f...Reuters
Thu, Feb 12
US natgas futures rise 2% on near-record LNG export flows, big storage withdrawal
EIA reports larger-than-usual gas storage withdrawalWaha Hub prices remain negative due to pipeline constraintsLSEG forecasts lower gas demand amid milder weatherBy Scott DiSavinoNEW YORK, Feb 12 (Reuters) - U.S. natural gas futures climbed 2% on Thursday on near-record flows to liquefied natural ga...Reuters
Thu, Feb 12
Governor Hochul Announces PSC Proceeding On Her Plan To Ensure Data Centers Pay Their Fair Share For Energy Grid Upgrades
Feb 12 (Reuters) - NEW YORK GOVERNOR KATHY HOCHUL:ANNOUNCES THAT THE NEW YORK STATE PUBLIC SERVICE COMMISSION (PSC) INSTITUTED A PROCEEDING TO ADVANCE THE ENERGIZE NY DEVELOPMENT INITIATIVE SHE UNVEILED LAST MONTHSAYS THE PROCEEDING WILL REVIEW INTERCONNECTION PROCESSES, COST-ALLOCATION MECHANISMS A...Reuters
Thu, Feb 12
Gold plunges despite falling US yields and solid US jobs data
Gold price declines close to 2.7% on Thursday amid the lack of a clear catalyst, as US jobs data during the last couple of days was solid, despite of the number of Americans filing for unemployment benefits rose more than expected.Fxstreet
Thu, Feb 12
Governor Hochul Announces PSC Proceeding On Her Plan To Ensure Data Centers Pay Their Fair Share For Energy Grid Upgrades
Feb 12 (Reuters) - NEW YORK GOVERNOR KATHY HOCHUL:ANNOUNCES THAT THE NEW YORK STATE PUBLIC SERVICE COMMISSION (PSC) INSTITUTED A PROCEEDING TO ADVANCE THE ENERGIZE NY DEVELOPMENT INITIATIVE SHE UNVEILED LAST SAYS THE PROCEEDING WILL REVIEW INTERCONNECTION PROCESSES, COST-ALLOCATION MECHANISMS AND TA...Reuters
Thu, Feb 12
EU leaders vow to accelerate single market, in struggle to compete with US and China
EU growth has lagged major economic rivalsSlow decisions frustrating EU leaders tooLeaders to agree timetable in March, commit to taking decisions fastJune deadline for savings union, or go forward in smaller groupsBy Julia Payne, Philip Blenkinsop and Ingrid Melander ALDEN BIESEN, Belgium, Feb 1...Reuters
Thu, Feb 12
US Plains HRW Wheat-Basis bids flat to lower as futures jump nearly 3%
CHICAGO, Feb 12 (Reuters) - Basis bids for hard red winter wheat were flat to lower in the U.S. Plains on Thursday as a futures price rally sparked some light farmer sales.Growers have sold most of their old-crop wheat already so sales were minimal. A nearly 3% jump in futures prices on the Chicago ...Reuters
Thu, Feb 12
