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Gold extends losses as US-China trade optimism fuels risk-on sentiment
Gold (XAU/USD) extends losses on Tuesday as investors rotate out of safe-haven assets amid renewed risk-on sentiment. At the time of writing, XAU/USD is trading around $3,925, down nearly 1.3% on the day, after briefly slipping below the $3,900 level, marking its lowest level in three weeks.
Fxstreet
Tue, Oct 28
RPT-BREAKINGVIEWS-Battle for COP31 is Australia's to lose
By Antony CurrieMELBOURNE, Oct 28 (Reuters Breakingviews) - It's a wonder any country wants to host the annual United Nations climate summit. This year's Conference of the Parties, or COP, starts next month in Belem, Brazil, and had to contend with everything from a lack of hotel rooms to th...Reuters
Tue, Oct 28
PRECIOUS-Gold falls over 2% to three-week low on signs of easing US-China trade woes
US President Trump set to meet Xi Jinping on ThursdayTrump announces deals with Southeast Asian nationsFOMC policy meeting on WednesdayBy Ishaan Arora and Sherin Elizabeth Varghese Oct 28 (Reuters) - Gold fell more than 2% to a three-week low on Tuesday, as optimism over easing trade tensions lif...Reuters
Tue, Oct 28
Gold Price Forecasts: XAU/USD hits lows sub-$3,900 weighed by risk-on markets
Gold trades lower for the third consecutive day on Tuesday, depreciating beyond 4% so far this week, as new trade agreements between the US and Asian countries underpin investors' appetite for risk, weighing safe-havens like Gold.Fxstreet
Tue, Oct 28
Iraq signs agreement for floating natural gas platform with Excelerate Energy
BAGHDAD, Oct 28 (Reuters) - Iraq has signed a $450 million investment deal with Excelerate Energy EE.N for the U.S. company to build the Gulf country's first floating storage regasification unit, as Baghdad seeks to attract more U.S. investment to its energy sector.The unit, capable of receiving...Reuters
Tue, Oct 28
NextEra Energy beats third-quarter profit estimates
Oct 28 (Reuters) - NextEra Energy NEE.N beat Wall Street estimates for third-quarter adjusted profit on Tuesday, helped by strength in its renewables unit and increased power demand.The company earned $1.13 per share on an adjusted basis, compared with analysts' average estimate of $1.02 per sha...Reuters
Tue, Oct 28
Hungary's MOL says Danube refinery restarted production at reduced capacity
Refinery processes 165,000 barrels daily, mainly Russian crudeOrban to discuss U.S. sanctions on Russian oil in Washington BUDAPEST, Oct 28 (Reuters) - Hungarian oil and gas company MOL MOLB.BU said on Tuesday that production has restarted at its main Danube refinery after a fire earlier this mon...Reuters
Tue, Oct 28
Ukraine has funds for 70% of gas imports needed this winter, Zelenskiy says
Russia has stepped up attacks on energy facilitiesUkraine imports natural gas to meet its needsUkraine saves gas by delaying heating season's start By Dan Peleschuk and Pavel Polityuk KYIV, Oct 28 (Reuters) - President Volodymyr Zelenskiy said on Tuesday Ukraine had secured the funds to buy 7...Reuters
Tue, Oct 28
European Gas market starts heating season relaxed despite lower filling levels – Commerzbank
The filling level of European Gas storage facilities has barely risen at the start of the official heating period: at 83%, it is 10 percentage points lower than the average for the last five years, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, Oct 28
Another moderate increase in OPEC+ production likely – Commerzbank
The eight OPEC+ countries with voluntary production cuts are likely to agree on a further moderate increase in production in December at their virtual meeting next Sunday, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Oct 28
Gold: Gold price rises to a new record high – Commerzbank
At the beginning of last week, the Gold price reached a new record high of $4,381 per troy ounce. Since last Tuesday, the price has fallen significantly again, but is still trading 50% higher than at the beginning of the year.Fxstreet
Tue, Oct 28
FACTBOX-What's on the agenda for US-Japan talks?
Oct 28 (Reuters) - The U.S. and Japan revealed some 20 companies interested in projects relating to key areas like critical minerals and AI during talks between President Donald Trump and Prime Minister Sanae Takaichi. Some projects may fall under Tokyo's $550 billion investment in the U.S., agr...Reuters
Tue, Oct 28
Hungary's MOL says Danube refinery restarted production at reduced capacity
BUDAPEST, Oct 28 (Reuters) - Hungarian oil and gas company MOL MOLB.BU said on Tuesday that production has restarted at its main Danube refinery after a fire earlier this month which broke out in a crude distillation unit."The restart of units not affected by the fire has been going according to...Reuters
Tue, Oct 28
Many Indian refiners pause new Russian oil orders, await clarity
Indian refiners refrain from new Russia oil purchasesIndian Oil says will continue to buy compliant Russian oilIndian Oil, MRPL issue tenders for purchasesBPCL plans tender for December-loading cargoesBy Nidhi Verma HYDERABAD, India, Oct 28 (Reuters) - Many Indian refiners have paused new ord...Reuters
Tue, Oct 28
Kremlin on U.S. effort to wean India and China off Russian energy: we offer a top commodity at a good price
U.S. declared sanctions against top Russia's oil producersNew sanctions aim to pressure Moscow into a Ukraine ceasefireUp to Russia's partners to decide, the Kremlin says Russia offers top quality energy at a good price, Kremlin says MOSCOW, Oct 28 (Reuters) - The Kremlin said on Tue...Reuters
Tue, Oct 28
WMO says Hurricane Melissa will be Jamaica's worst storm this century
GENEVA, Oct 28 (Reuters) - The World Meteorological Organization (WMO) said it expects a catastrophic situation in Jamaica on Tuesday as Hurricane Melissa makes landfall with winds gusts over 300 kilometres per hour, flash floods and landslides in the worst storm to hit the island this century."...Reuters
Tue, Oct 28
Excelerate Energy Signs Definitive Agreement For Fully Integrated Floating LNG Import Terminal In Iraq
Oct 28 (Reuters) - Excelerate Energy Inc EE.N:EXCELERATE ENERGY SIGNS DEFINITIVE AGREEMENT FOR FULLY INTEGRATED FLOATING LNG IMPORT TERMINAL IN IRAQEXCELERATE ENERGY INC - PROJECT INVESTMENT EXPECTED TO BE $450 MILLIONEXCELERATE ENERGY INC - FIVE-YEAR AGREEMENT FOR REGASIFICATION SERVICES AND LNG SU...Reuters
Tue, Oct 28
