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Gold blasts past $3,950 as shutdown, uncertainty fuels haven rush
Gold price rallies to a new record high past the $3,900 figure on Monday, hitting $3,970 as the US government continues its shutdown, while investors are pricing in another rate cut by the Federal Reserve (Fed) at the upcoming October 29 meeting. XAU/USD trades at $3,952, up 1.73%, at the time of w
Fxstreet
Mon, Oct 6
Solar groups sue Trump administration over cancellation of $7 bln in grants
Oct 6 (Reuters) - A group of labor unions, nonprofits and solar companies sued the Trump administration on Monday over its cancellation of a $7 billion Biden-era grant program that aimed to expand solar energy to low-income communities.The complaint, filed in federal court in Rhode Island, alleges t...Reuters
Mon, Oct 6
Tariff rebates discussed but no decision made, White House says
WASHINGTON, Oct 6 (Reuters) - The idea of giving Americans a rebate from revenues generated by President Donald Trump's tariff policy has been discussed but not decided, White House spokeswoman Karoline Leavitt said on Monday."I think it's an idea that the president has discussed and flo...Reuters
Mon, Oct 6
Solar groups sue Trump administration over cancellation of $7 bln in grants
Oct 6 (Reuters) - A group of labor unions, nonprofits and solar companies sued the Trump administration on Monday over its cancellation of a $7 billion Biden-era grant program that aimed to expand solar energy to low-income communities.The complaint, filed in federal court in Rhode Island, alleges t...Reuters
Mon, Oct 6
NHC says there is 70% chance of cyclone in next 48 hours in tropical Atlantic
Oct 6 (Reuters) - A low-pressure system near the northern Leeward Islands has a 70% chance of forming a cyclone within 48 hours, the U.S. National Hurricane Center said on Monday."Environmental conditions appear generally conducive for slow development of this system, and a tropical depression i...Reuters
Mon, Oct 6
Delek sues Marex and BTX over $30 million refinery damage from tainted crude
Oct 6 (Reuters) - Delek US Holdings DK.N has sued London-based Marex Group 8UU.F and Texas-based BTX Energy, accusing them of supplying contaminated crude oil that damaged one of its U.S. refineries and caused more than $30 million in losses.In a Texas district court filing, Delek said it began buyi...Reuters
Mon, Oct 6
US Cash Grains-Corn basis mixed after busy harvest weekend
CHICAGO, Oct 6 (Reuters) - Spot basis bids for corn were mixed in the U.S. Midwest on Monday, with some processors sweetening their bids to attract farmer grain sales despite a busy harvest weekend across most of the region, spot checks showed.The corn basis fell by 6 cents at a processor in Cedar R...Reuters
Mon, Oct 6
GRAINS-Soybean ease on US harvest pressure, good early planting in Brazil
Trade dispute has halted Chinese buyingUS expected to announce farmer support on Tuesday Harvest caps soy and corn prices, though shutdown disrupts dataBrisk early planting weighs on soybeansBy Karl Plume CHICAGO, Oct 6 (Reuters) - U.S. soybean futures eased on Monday on active harvesting across ...Reuters
Mon, Oct 6
Euronext wheat hovers near lows
PARIS, Oct 6 (Reuters) - European wheat futures were little changed near contract lows on Monday as rising global supply hung over the market.A drop in the euro against the dollar EUR=, as the collapse of France's newly named government deepened the country's political crisis, lent some supp...Reuters
Mon, Oct 6
Trump says he had "very good" telephone call with Brazil's Lula
Oct 6 (Reuters) - U.S. President Donald Trump said on Monday that he had a "very good" telephone call with Brazil's President Luiz Inacio Lula da Silva and that the pair mainly discussed the economy and trade. "We will be having further discussions, and will get together in the not t...Reuters
Mon, Oct 6
METALS-Copper slips from 16-month high as traders book profits
By Pratima DesaiLONDON, Oct 6 (Reuters) - Copper prices slid on Monday after hitting 16-month highs earlier in the session as profit-taking triggered by a firmer dollar outweighed concerns about supplies from Chile and Indonesia.Benchmark copper CMCU3 was down 0.6% at $10,655 a metric ton at 1605, h...Reuters
Mon, Oct 6
Trump, Lula call was better than expected, says Brazil VP
SAO PAULO, Oct 6 (Reuters) - Brazilian Vice President Geraldo Alckmin said on Monday that the call between President Luiz Inacio Lula da Silva and United States President Donald Trump was "better than expected."Speaking to reporters in Brasilia after the meeting, Alckmin added that he was op...Reuters
Mon, Oct 6
PRECIOUS-Gold hits record high above $3,900/oz on Fed rate cut bets, global uncertainty
Japanese yen slides on likely new leader in JapanFrench government collapses in 14 hours, deepening political crisisUBS expects bullion to reach $4,200/oz by the end of this yearBy Anushree Mukherjee and John Biju Oct 6 (Reuters) - Gold surged to an all-time high above $3,900 per ounce on Monday,...Reuters
Mon, Oct 6
SOFTS-London cocoa hits year low as supply swells, while arabica coffee falls
LONDON, Oct 6 (Reuters) - London cocoa futures on ICE steadied on Monday after hitting fresh one-year lows as traders remained upbeat about supply prospects in top producer West Africa, while arabica coffee fell. COCOA* London cocoa LCCc2 rose 0.6% to 4,382 pounds per metric ton at 1516 G...Reuters
Mon, Oct 6
FedEx finalizes leadership team of upcoming freight division spin-off with CFO appointment
Oct 6 (Reuters) - FedEx FDX.N said on Monday it has appointed former company executive Marshall Witt as the finance chief of its freight trucking unit, effective October 15, completing the leadership team for the division that is set to spin off in June 2026.The parcel carrier had announced the appo...Reuters
Mon, Oct 6
Brazil's Lula asks Trump to remove tariffs on Brazilian goods during call
SAO PAULO, Oct 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva asked United States President Donald Trump to remove the 40% tariff on Brazilian goods during a call on Monday, Brazil's government said in a statement. The two leaders held a 30-minute call on Monday, and agreed to meet ...Reuters
Mon, Oct 6
WTI steadies under $61.50 as market digests lower than expected OPEC+ output hike
West Texas Intermediate (WTI) US Oil price hovers below $61.50 on Monday, up 0.9% for the day, after the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, decided to raise production by only 137,000 barrels per day (bpd) starting in November.Fxstreet
Mon, Oct 6
California AG pledges more lawsuits against Trump's green rollbacks
California's strategy is to counter push to expand fossil fuelsBonta says administration has 'head-in-the-sand' attitude to climate changeBy Valerie Volcovici and Sheila Dang Sept 24 (Reuters) - California Attorney General Rob Bonta said on Wednesday his state would continue to sue th...Reuters
Mon, Oct 6
CBOT Trends-Wheat and soybeans up 1-2 cents, corn steady-weaker
CHICAGO, Oct 6 (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.NOTE: The U.S. government remains shut down, suspending many government reports, including the U.S. Department of Agr...Reuters
Mon, Oct 6
