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PRECIOUS-Gold gains on soft US economic data; traders weigh Fed rate-cut chances
Jobless claims at two-month high in mid-OctoberFocus shifts to US non-farm payrolls data due on Thursday Traders see 50% chance of US interest rate cut in DecemberBy Pablo Sinha Nov 18 (Reuters) - Gold prices rose from a one-week low on Tuesday, supported by soft U.S. employment numbers, while i...Reuters
Tue, Nov 18
US Cash Grains-Corn, soy basis mostly steady to higher
CHICAGO, Nov 18 (Reuters) - Basis bids for corn and soybeans were mostly steady to higher at grain processing facilities and river elevators in the U.S. Midwest on Tuesday, spot checks showed.The corn basis firmed by 2 to 4 cents at processors in Cedar Rapids, Iowa, and Blair, Nebraska, and also by ...Reuters
Tue, Nov 18
GRAINS-Soybeans pull back after setting June 2024 high on Chinese buying
By Tom Polansek CHICAGO, Nov 18 (Reuters) - U.S. soybean futures eased on Tuesday after reaching their highest level since June 2024 as China made hefty purchases of American supplies.Wheat also reached a multi-month high while corn futures edged up.The U.S. Department of Agriculture confirmed Ch...Reuters
Tue, Nov 18
US judge weighs if Trump administration can lawfully halt wind projects
By Nate Raymond BOSTON, Nov 18 (Reuters) - A federal judge on Tuesday wrestled with whether President Donald Trump's administration had acted lawfully when it halted permitting of new wind projects nationwide.U.S. District Judge Patti Saris, during a hearing in Boston in a lawsuit by 17 Democ...Reuters
Tue, Nov 18
Gold Reserve request for stay in Citgo parent auction is denied
By Marianna Parraga HOUSTON, Nov 18 (Reuters) - A motion by Toronto-listed miner Gold Reserve GRZ.V to stay all further proceedings in the court-ordered auction of Citgo Petroleum's parent in Delaware was denied on Tuesday by a U.S. court of appeals, a filing showed.The denial is another setb...Reuters
Tue, Nov 18
Gold climbs above $4,050 as markets lean dovish ahead of US data
Gold (XAU/USD) advances modestly during Tuesday’s North American session as the Greenback also remains bid and risk appetite deteriorates amid fears of an economic slowdown. At the time of writing, XAU/USD trades at $4,058, up 0.36%.
Fxstreet
Tue, Nov 18
EU wheat holds firm as Chicago and euro support
PARIS/HAMBURG, Nov 18 (Reuters) - Euronext wheat edged up on Tuesday to a one-week high, as Chicago grains added to a day-earlier rally on signs of Chinese demand while an easing in the euro supported European export prospects.March wheat BL2H6, now the most-active contract on the Paris-based Eurone...Reuters
Tue, Nov 18
Trump says he has 'nothing to do with the family business'
WASHINGTON, Nov 18 (Reuters) - U.S. President Donald Trump said on Tuesday that he has nothing to do with his family business as the Trump Organization and a Saudi developer look to open the latest Trump hotel in the Maldives.During a meeting with the Saudi crown prince in the Oval Office, Trump was...Reuters
Tue, Nov 18
Silver edges higher as risk-off mood, Fed uncertainty drive demand
Silver (XAG/USD) edges higher on Tuesday, trading around $50.70 at the time of writing, up 1.00% on the day. The precious metal is supported by a broad risk-off tone across markets, with investors favoring safe-haven exposure as risk assets come under pressure.
Fxstreet
Tue, Nov 18
Syria signs gas cooperation deal with ConocoPhillips and Novaterra
DUBAI, Nov 18 (Reuters) - The Syrian Petroleum Company, U.S.-based ConocoPhillips COP.N and Novaterra have signed a memorandum of understanding to expand cooperation in the natural gas sector, Syria's energy ministry said on Tuesday.Due to the destruction of energy infrastructure during its 14-y...Reuters
Tue, Nov 18
US passenger railroad Amtrak sets ridership record, cuts losses
By David Shepardson WASHINGTON, Nov 18 (Reuters) - U.S. passenger railroad Amtrak said on Tuesday it set a yearly record for ridership and revenue, as it cut losses by 15% to $598 million and aims for operational profitability by 2028.Amtrak, which is in the midst of a massive effort to rehabilit...Reuters
Tue, Nov 18
Europe Gasoline/Naphtha-Gasoline cracks steady
LONDON, Nov 18 (Reuters) - Northwest European gasoline profit margins fell by 10 cents to $23.14 a barrel on Tuesday despite concerns around supply shortages. A total of 6,000 metric tons of Eurobob E5 gasoline barges traded as Equinor and Gunvor sold to TotalEnergies and Varo.Another 4,000 tons of ...Reuters
Tue, Nov 18
PRECIOUS-Gold gains on soft economic data; traders weigh US rate cut chances
Jobless claims at two-month high in mid-OctoberFocus shifts to US non-farm payrolls data due on Thursday Traders see 50% chance of US interest rate cut in DecemberBy Pablo Sinha Nov 18 (Reuters) - Gold prices rose from a one-week low on Tuesday, supported by soft U.S. employment numbers, while i...Reuters
Tue, Nov 18
IATA chief says EU doing 'very little' to address airlines' competitiveness
EU airlines face challenges from strikes, aircraft delaysEU negotiating reform of passenger rights regulationIATA calls for common EU airspace By Julia Payne BRUSSELS, Nov 18 (Reuters) - The European Union has taken "very little action" to address airlines' competitiveness, Internatio...Reuters
Tue, Nov 18
Chile rescuers search for tourists lost in Patagonian snowstorm, two reported dead
SANTIAGO, Nov 18 (Reuters) - Rescue workers on Tuesday searched for a group of tourists who went missing in a powerful snowstorm in Chile's Torres del Paine National Park, in the southern Patagonia region, which killed at least two Mexicans, according to media reports.The victims included a woma...Reuters
Tue, Nov 18
Freeport-McMoRan CEO and Chairman address Grasberg mine disaster response in Indonesia
Nov 18 (Reuters) - Freeport-McMoRan Inc FCX.N:FREEPORT-MCMORAN: GRASBERG SEPT. 8 DISASTER CAUSED BY MUD RUSH FROM FORMER OPEN PIT THAT ENTERED UNDERGROUND MINE THROUGH 'UNDETECTED PATHWAY'FREEPORT-MCMORAN: THERE WERE NO WARNING INDICATORS FROM MONITORING OR DRAWPOINT SAMPLING ABOUT THE PENDI...Reuters
Tue, Nov 18
Gold Reserve's stay in Citgo parent auction denied by court of appeals
HOUSTON, Nov 18 (Reuters) - A motion by Toronto-listed miner Gold Reserve GRZ.V to stay all further proceedings of the court-ordered auction of Citgo Petroleum's parent in Delaware was denied on Tuesday by the U.S. Court of Appeals for the Third Circuit, a filing showed.Reuters
Tue, Nov 18
BREAKINGVIEWS-Food-tariff rollbacks merely skim economic vibes
By Gabriel Rubin WASHINGTON, Nov 18 (Reuters Breakingviews) - American shoppers are going bananas over prices, and President Donald Trump slipped on his own peel. In response to affordability anxiety sweeping the country, the White House has exempted some 200 food items, which account for an esti...Reuters
Tue, Nov 18
FOREX-Dollar holds gains vs yen with Japan fiscal policy, US data in focus
Dollar hits 9 1/2 month high vs yenJapan’s finance minister Katayama says he is 'alarmed' by forex movesMarkets focus on US jobs data despite being backward-lookingTraders price in a 50% chance of a Fed rate cut in DecemberBy Stefano Rebaudo and Laura Matthews Nov 18 (Reuters) - The dolla...Reuters
Tue, Nov 18
