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Gold Price Forecast: XAU/USD corrects lower with $5,000 on the bears focus
Gold’s (XAU/USD) rally came to an abrupt halt on Thursday. The precious metal dropped nearly 10% in less than 24 hours and is trading around $5,080 at the time of writing, with the $5,000 psychological level at a short distance.
Fxstreet
Fri, Jan 30
RPT-ROI-Old-economy demands may stall emerging market decarbonization: Maguire
By Gavin Maguire LITTLETON, Colorado, Jan 30 (Reuters) - While North America and Europe scramble to build the data centers needed to run 21st-century businesses, many emerging markets remain anchored to 20th-century products like steel, cement and plastics for job creation and economic growth. Th...Reuters
Fri, Jan 30
RPT-ROI-Oil needs an Iran supply shock, not tough talk, to break out of range: Bousso
By Ron Bousso LONDON, Jan 30 (Reuters) - Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran. Tough talk on either side is unlikely to push crude prices much higher, given today's well-supplied market. What would be needed...Reuters
Fri, Jan 30
FOCUS-Gold rally pushes Italian jewellers to make leaner designs
Italian jewellers adapt designs to reduce gold content Small jewellers face most acute challenges Big brands like LVMH also affectedWedding rings highlight price sensitivity, demand for gold remains strongBy Alessandro Parodi Jan 29 (Reuters) - In Italy's storied gold‑making hubs, jewellers a...Reuters
Fri, Jan 30
OPEC+ set to keep oil production pause for March as prices jump, sources say
OPEC+ likely to keep current output policy, sources sayBrent crude prices rise to highest since August Kazakhstan's Tengiz oilfield recovering from disruptionsBy Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, Jan 30 - OPEC+ is likely to keep its pause on oil output increases for Marc...Reuters
Fri, Jan 30
ANALYSIS-Visit by Britain's Starmer shows drawbacks of 'China pivot' in countering Trump
Starmer gets lower whisky tariffs, visa-free access for BritainVisit seen as latest in world 'pivot to China'China paints itself "reliable partner" in contrast with U.S.Export-heavy economy limits what Beijing can offerSome warn further integration threatens Western firms, securityBy...Reuters
Fri, Jan 30
Gold: Record-breaking streak ends – Rabobank
Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy.Fxstreet
Fri, Jan 30
BREAKINGVIEWS-Panama ports ruling leaves Hutchison all at sea
By Una Galani and Ka Sing Chan HONG KONG, Jan 30 (Reuters Breakingviews) - The Panama problem has finally exploded for the Li family, and the consequences will be far-reaching. On Thursday, amid U.S. pressure, the country's top court decided to annul CK Hutchison's 0001.HK port contracts ...Reuters
Fri, Jan 30
Trafigura Says BPCL And Co Sign Landmark Crude Oil Supply Agreement
Jan 30 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:TRAFIGURA AG - BPCL AND TRAFIGURA SIGN LANDMARK CRUDE OIL SUPPLY AGREEMENTTRAFIGURA - AWARDED TENDER TO SUPPLY IRAQI BASRAH AND OMAN CRUDE OIL TO BPCL ON TERM BASIS; DELIVERY WILL BEGIN IN APRIL 2026TRAFIGURA - AGREEMENT MARKS THE FIRST OF ...Reuters
Fri, Jan 30
TABLE-North Sea gas maintenance schedule: Revises Barrow (North Terminal) outage
Jan 30 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Fri, Jan 30
Gold Prices Fall to $5,160, Silver Prices Fall to $106
Gold prices pulled back below $5,182 per ounce, erasing gains made since Wednesday. Silver prices retraced below $106 per ounce, wiping out Wednesday's gains and eroding a portion of Tuesday’s advance. Beyond the apparent cooling of sentiment, this downward trend is driven by multiple factors: policTECHNICALS-CBOT corn may retest support at $4.27-1/2
SINGAPORE, Jan 30 (Reuters) - CBOT March corn CH26 may retest support at $4.27-1/2 per bushel, a break below which may trigger a fall to $4.25-3/4.The sudden fall from the Thursday high of $4.34 suggests a completion of a wave C and a reversal of the uptrend from $4.17. The contract may drop toward ...Reuters
Fri, Jan 30
UK's Octopus Energy to trade renewable energy in China as ties strengthen
Jan 30 (Reuters) - Octopus Energy, Britain's largest electricity supplier by market share, said on Friday it has formed a joint venture with China's PCG Power to trade renewable energy in the Asian country, announced during UK Prime Minister Keir Starmer's state visit.The partnership ref...Reuters
Fri, Jan 30
Canada, Australia LNG cargoes head to the Atlantic in rare move after Arctic storm
By Emily Chow SINGAPORE, Jan 30 (Reuters) - At least three liquefied natural gas (LNG) cargoes loaded in Australia and Canada are heading toward Europe and the Americas instead of their usual destination, Asia, after an Arctic storm curbed exports from the U.S., shiptracking data showed.The diver...Reuters
Fri, Jan 30
TECHNICALS-CBOT soybeans to slide to $10.58-1/4
For more technical analyses, please click SINGAPORE, Jan 30 (Reuters) - The CBOT soybean March contract SH26 is expected to slide to $10.58-1/4 per bushel, as it is about to break the support at $10.66-1/2 and a rising trendline.The uptrend from $10.37-3/4 may have reversed, as suggested by the deep...Reuters
Fri, Jan 30
Drax Group Signs Tolling Agreement For 250MW (500MWh) Of New BESS Capacity
Jan 30 (Reuters) - Drax Group PLC DRX.L:DRAX GROUP PLC - TOLLING AGREEMENT FOR 250MW (500MWH) OF BESSDRAX GROUP PLC: PROTECTED GRID CONNECTION, TARGETING A COMMERCIAL OPERATION DATE (COD) IN 2028DRAX GROUP PLC: UNDER AGREEMENT FIDRA WILL RETAIN RESPONSIBILITY FOR CONSTRUCTION, MAINTENANCE AND AVAIL...Reuters
Fri, Jan 30
Impala Platinum posts flat half-year refined output; revenue surges on higher prices
Jan 30 (Reuters) - Impala Platinum IMPJ.J said on Friday its refined platinum group metal (PGM) output was stable at 1.78 million ounces during the first half of its financial year, but revenue rose 40%, helped by firmer metal prices.Prices of major PGMs and palladium have rebounded since the second...Reuters
Fri, Jan 30
PRESS DIGEST-Wall Street Journal - January 30
Jan 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump's advisers have been told that he is expected to nominate Kevin Warsh, a central bank insider-turned-critic,...Reuters
Fri, Jan 30
WTI slumps to near $64.00 on oversupply concerns and strong Dollar, Iran tensions limit losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.00 during the early European trading hours on Friday. The WTI price falls after hitting its highest since late September as oversupply concerns weigh on the price.
Fxstreet
Fri, Jan 30
