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Gold Price Forecast: XAU/USD drifts lower below $3,350 amid de-escalation in the Middle East
The Gold price (XAU/USD) edges lower to near $3,325 during the early Asian session on Wednesday. The precious metal loses ground due to the de-escalation of tensions in the Middle East. Traders brace for the Federal Reserve’s (Fed) Chair Jerome Powell testifies later on Wednesday.
Fxstreet
Wed, Jun 25
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 25 (Reuters) - Contract Target Support/Resistance Brent oil $69.70sup $66.94/$65.71/$64.48Palm oil (3rd month)3,938 ringgitres 4,017/4,066 ringgitWTI* $66.52/$67.13sup $64.52/$63.76/$62.52Spot gold$3,348sup $3,324/$3,309LME copper (3rd m...Reuters
Wed, Jun 25
Oil prices edge higher as investors assess Iran-Israel ceasefire
US strikes failed to destroy Iran's nuclear sites, report saysPrices settled at multi-week lows in previous sessionComing up: US EIA data on inventory stockpilesBy Stephanie Kelly June 25 (Reuters) - Oil prices edged higher on Wednesday, finding some respite after plummeting in the last two s...Reuters
Wed, Jun 25
Electricity prices soar as US regional grids wobble from extreme heat
Extreme heat stresses PJM transmission lines, natural gas-fired plants PJM orders several utilities to curtail power to customersDuke Energy asks wholesale customers to curb power useNew York City wholesale peak prices hit $2,400 per MWh By Tim McLaughlin and Timothy GardnerBOSTON, June 24 (Reuters)...Reuters
Tue, Jun 24
CIF/FOB Gulf Grain-Corn, soybean barge basis steady-firm as futures ease
CHICAGO, June 24 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast for export were steady to firm on Tuesday on moderate demand and lower futures prices, traders said.Chicago Board of Trade corn futures Cv1 fell to a 7-1/2 month low on Tuesday while soybeans Sv1 hi...Reuters
Tue, Jun 24
NYISO Issues Energy Warning For June 24 Due To Decline In Operating Reserves
June 24 (Reuters) - NEW YORK INDEPENDENT SYSTEM OPERATION (NYISO):SAYS IT HAS ISSUED AN ENERGY WARNING FOR JUNE 24 DUE TO A DECLINE IN OPERATING RESERVESSAYS THE GRID IS OPERATING NORMALLY AT THIS TIME BUT EMERGENCY OPERATIONS MAY BE INITIATED TO MAINTAIN SYSTEM RELIABILITYReuters
Tue, Jun 24
US Cash Grains-Corn basis bids mostly steady to higher
CHICAGO, June 24 (Reuters) - Spot basis bids for corn and soybeans were steady to higher at grain elevators, processors and rail terminals in the U.S. Midwest on Tuesday as futures for both eased. The corn basis rose 5 cents at a grain elevator in the Chicago, Illinois area. It rose 1 cent at a rail...Reuters
Tue, Jun 24
Turkey, US defence cooperation would help in hitting trade targets, Erdogan says
ISTANBUL, June 25 (Reuters) - Turkish President Tayyip Erdogan said in a meeting with U.S. President Donald Trump that advancing cooperation in the defense industry would help hit a $100 billion bilateral trade volume target, the Turkish Presidency said early on Wednesday.Erdogan also told Trump tha...Reuters
Tue, Jun 24
LIVESTOCK-CME lean hogs tick down on technical selling, cattle mixed
By Karl Plume CHICAGO, June 24 (Reuters) - Chicago Mercantile Exchange lean hog futures edged lower on Tuesday on technical selling after setting contract highs in the previous session as traders weighed whether a seasonal peak in cash hog prices has petered out, analysts said. Cattle futures end...Reuters
Tue, Jun 24
US Senate adjusting rooftop solar language in budget bill, senator says
WASHINGTON, June 24 (Reuters) - The U.S. Senate is working on adjustments to a residential solar energy incentive that had been eliminated in previous versions of the Republicans' "One Big Beautiful Bill," Senator Kevin Cramer said on Tuesday.Cramer, a Republican who serves on the Senate...Reuters
Tue, Jun 24
POLL-Trade estimates for US 2025 cotton, small grains plantings
June 24 (Reuters) - Following are analysts' estimates for 2025 U.S. plantings of cotton, sorghum, and small grains ahead of the U.S. Department of Agriculture's annual acreage report, to be released at noon EDT (1600 GMT) on Monday, June 30. Figures are in millions of acres: All cotton S...Reuters
Tue, Jun 24
Policymakers often ignore forest regeneration in fight against climate change, research finds
By Stefanie Eschenbacher June 24 (Reuters) - Naturally-regenerating forests are often ignored by policymakers working to curb climate change even though they hold an untapped potential to rapidly absorb planet-warming carbon from the atmosphere, scientists found in a research paper published Tues...Reuters
Tue, Jun 24
US Cash Crude-Cash grades little changed on second day of roll trade
June 24 (Reuters) - U.S. cash crude differentials were little changed on Tuesday, the second day of the roll trading period, dealers said, as traders assessed a ceasefire between Israel and Iran.The ceasefire was initially on shaky ground with U.S. President Donald Trump accusing both Israel and Ira...Reuters
Tue, Jun 24
US Plains HRW Wheat-Basis bids flat to up as harvest progresses
CHICAGO, June 24 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher at elevators and mills in a spot check of the southern U.S. Plains on Tuesday. Dry weather in the central and southern Plains helped advance winter wheat harvesting over the previous week.Protein premi...Reuters
Tue, Jun 24
US cities face record high temperatures on worst day of heat wave
Boston, Washington expected to surpass 100 degree F (37.8 C)Amtrak slowing train speeds, delaying travel NYC voters turn out in scorching heat to cast ballots By Patrick WingroveNEW YORK, June 24 (Reuters) - Tens of millions of people in major cities across the U.S. Northeast are facing record high ...Reuters
Tue, Jun 24
AB Foods postpones UK bioethanol plant closure decision by 24 hours
UK bioethanol industry threatened by U.S.-UK trade deal Future of AB Foods' UK plant to now be decided on June 26AB Foods and Ensus want UK government support package LONDON, June 24 (Reuters) - Associated British Foods ABF.L has extended its deadline for deciding the fate of its Vivergo bioe...Reuters
Tue, Jun 24
Nigeria and Brazil sign $1 billion agreement to boost agriculture
ABUJA, June 24 (Reuters) - Nigeria and Brazil signed a $1 billion agreement on Tuesday to boost agriculture, food security, energy and defence in the West African nation, Nigeria's vice president Kasim Shettima said.Both countries aim to "deploy over $1 billion to deliver mechanised farming ...Reuters
Tue, Jun 24
U.S. Steel names Kevin Lewis as CFO
June 24 (Reuters) - U.S. Steel said on Tuesday Kevin Lewis would replace CFO Jessica Graziano effective immediately, days after the steelmaker closed its sale to Japan's Nippon Steel 5401.T.Graziano, who has spent nearly three years at the company, would stay on as a special advisor until July 1...Reuters
Tue, Jun 24
ICE canola futures fall on weak crude, fellow vegoils
WINNIPEG, Manitoba, June 24 (Reuters) - ICE canola futures fell sharply on Tuesday as crude oil slumped and better crop conditions in North America lifted worries about future supply.• July canola RSN5 settled down $28.20 at $693.40 per metric ton. November RSX5 fell $19 to $706.20.• The July-Novemb...Reuters
Tue, Jun 24
