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Gold's record run pauses as investors book profits
Oct 21 (Reuters) - Gold prices inched lower on Tuesday, as investors booked profits after bullion hit a fresh high in the previous session on hopes of further interest rate cuts from the U.S. Federal Reserve and strong safe-haven demand.
Reuters
Tue, Oct 21
Goldman Sachs flags risk of disruption in supply of rare earths, key minerals
Rare earths disruption of 10% could cut global output by $150 billionLight rare earths could be future targets for curbsChina expanded rare earths export controls on October 9By Anmol Choubey Oct 21 (Reuters) - Goldman Sachs flagged mounting risks to global supply chains of rare earths and other ...Reuters
Tue, Oct 21
Kazakhstan’s Karachaganak says it cuts oil and gas condensate output after incident at Russian plant
Oct 21 (Reuters) - Kazakhstan's Karachaganak said on Tuesday it has implemented a controlled reduction in production volumes following an incident at Russia's Orenburg plant.On Monday, two industry sources told Reuters that a Ukrainian drone attack on the Orenburg plant forced neighbouring K...Reuters
Tue, Oct 21
ROI-US-Australia critical minerals deal underscores the gap to China: Russell
By Clyde Russell SYDNEY, Oct 21 (Reuters) - The deal to develop critical mineral supply chains between the United States and Australia is not quite the game-changer needed to end Western reliance on China, but it is an important first step.U.S. President Donald Trump and Australian Prime Minister...Reuters
Tue, Oct 21
Russia to discuss extra tax incentives for oil refineries, TASS reports
Oct 21 (Reuters) - Russia's ministries and agencies will consider new financial and tax support measures for oil refineries during a meeting of the task force on the petroleum products market on Wednesday, TASS news agency reported. TASS, citing the agenda for the October 22 meeting of the task ...Reuters
Tue, Oct 21
GRAINS-Chicago soybeans extend gains on US-China trade optimism; corn, wheat firm
BEIJING, Oct 21 (Reuters) - Chicago soybean futures rose for a fifth straight session on Tuesday, as optimism over U.S.-China trade talks lifted hopes for renewed soybean purchases by the world's top buyer.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 gained 0.29% to ...Reuters
Tue, Oct 21
Goldman Sachs Expects Brent Prices To Decline To $52/Bbl In Q4 Next Year
Oct 21 (Reuters) - GOLDMAN SACHS:EXPECTS BRENT PRICES TO DECLINE FURTHER NEXT YEAR, REACHING $52/BBL IN Q4 NEXT YEAR, BUT THE NEXT SUBSTANTIAL DECLINE IN PRICES MAY TAKE TIME TO MATERIALIZE FOR TWO REASONSSAYS FIRST, LARGER-THAN-SEASONAL OECD COMMERCIAL BUILDS IN NOVEMBER ARE LIKELY ALREADY PRICED I...Reuters
Tue, Oct 21
Japan to act in national interest on Russian energy, says industry minister
By Yuka Obayashi TOKYO, Oct 21 (Reuters) - Japan's Trade Minister Yoji Muto said on Tuesday that the country will act appropriately based on its national interest, while maintaining close coordination with the international community, when asked about Russian energy imports. Last week, U.S. T...Reuters
Tue, Oct 21
PRECIOUS-Gold's record run pauses as investors book profits
Gold hit record high of $4,381.21/oz on MondayFocus on U.S. inflation data due on FridaySilver down more than 1%By Brijesh Patel Oct 21 (Reuters) - Gold prices inched lower on Tuesday, as investors booked profits after bullion hit a fresh high in the previous session on hopes of further interest ...Reuters
Tue, Oct 21
Tanker loads cargo from Russia's Arctic LNG 2
SINGAPORE, Oct 21 (Reuters) - A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Marge...Reuters
Tue, Oct 21
TECHNICALS-CBOT soybeans may test resistance at $10.36-3/4
For more technical analyses, please click SINGAPORE, Oct 21 (Reuters) - The CBOT soybean November contract SX25 may test resistance at $10.36-3/4 per bushel, a break above which could lead to a gain to $10.42.A wave c from $10.01 may either end around $10.36-3/4 or extend far above this level. In an...Reuters
Tue, Oct 21
Oil declines on oversupply fears
Oct 21 (Reuters) - Oil prices fell on Tuesday on concerns about excess supply and risks to demand stemming from tensions between the U.S. and China, the world's top two oil consumers, even as President Donald Trump said he expected to reach a trade deal.Reuters
Tue, Oct 21
GRAINS-Chicago soybeans extend gains on US-China trade optimism
BEIJING, Oct 21 (Reuters) - Chicago soybean futures extended gains into a fifth consecutive session on Tuesday, as optimism over U.S.-China trade talks lifted hopes for renewed soybean purchases by the world's top buyer.Corn and wheat tracked soybeans higher, although ample supplies limited gain...Reuters
Tue, Oct 21
PRECIOUS-Gold hovers near record high on safe-haven demand, US rate-cut bets
Oct 21 (Reuters) - Gold prices edged higher on Tuesday to hover near all-time highs, as strong safe-haven demand and hopes of further interest rate cuts from the U.S. Federal Reserve boosted demand for the precious metal. FUNDAMENTALS* Spot gold XAU= was up 0.2% at $4,363.58 per ounce, as of ...Reuters
Tue, Oct 21
US, Australia to invest $2 billion in critical minerals, advance Alcoa gallium project
SYDNEY, Oct 21 (Reuters) - The United States and Australia extended financial support to several Australian companies as part of a wide-ranging critical minerals agreement aimed at countering China's hold over the industry, sending the firms' shares sharply higher on Tuesday.Under the deal s...Reuters
Tue, Oct 21
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 21 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$59.76res $61.37/$62.37Palm oil (3rd month)4,484/4,456 ringgitres 4,530/4,558/4,576 ringgitWTI* (1st month)$58.27/$59.15sup $56.84/$55.96Spot gold$4,375/$4,409sup $4,3...Reuters
Tue, Oct 21
BHP bets on iron ore resilience despite China slowdown; Q1 output misses
Oct 21 (Reuters) - BHP Group BHP.AX on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on maintenance works at Port Hedland.Reuters
Tue, Oct 21
