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Gold price falls on strong US Nonfarm Payrolls yet is poised for weekly advance
Gold price extended its losses for the second consecutive day on Friday but is poised to finish the week with gains of over 1.30% after the latest Nonfarm Payrolls report in the United States (US) was solid, pressuring traders to trim their bets that the Federal Reserve (Fed) will ease monetary poli
Fxstreet
Fri, Jun 6
US drillers cut oil and gas rigs for sixth week in a row, Baker Hughes says
By Scott DiSavinoJune 6 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since September 2023, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an ...Reuters
Fri, Jun 6
Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, June 6 (Reuters) - Northwest European gasoline profit margins fell by $1 to $14.43 a barrel on Friday despite lower stocks.A total of 4,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell and Gunvor selling to Trafigura and BP.A further 10,000 tons of Eurobob E10 barg...Reuters
Fri, Jun 6
EU wheat higher on easing euro and steady Chicago
PARIS, June 6 (Reuters) - Euronext wheat futures rose on Friday as the euro fell back from a one-month high against the dollar and Chicago prices also gained ground amid weather concerns in the run-up to harvesting.Volumes were moderate on Euronext, with some participants attending a grain industry ...Reuters
Fri, Jun 6
METALS-Copper falls on a stronger dollar, signs of easing demand
Yangshan copper premium down 48% to a three-month lowCopper stocks in SHFE-monitored warehouses rose this weekOutflows from LME-registered warehouses continuedPremium for nearby LME contracts widened this weekBy Polina Devitt and Ashitha Shivaprasad June 6 (Reuters) - Copper prices fell on Friday...Reuters
Fri, Jun 6
EXCLUSIVE-US suspends licenses to ship nuclear plant parts to China, sources say
Nuclear equipment suppliers include Emerson, WestinghouseSuspensions come amid two-week blitz of restrictions on exports to ChinaShipments of hydraulic fluid, jet engines among broad swathe of items affectedRestrictions imposed during tense U.S.-China trade warBy Karen Freifeld and Fanny Potkin J...Reuters
Fri, Jun 6
FACTBOX-Leading steel, aluminum importing companies in US
By Mrinalika Roy June 6 (Reuters) - U.S. President Donald Trump's increased tariffs on imported steel and aluminum - key materials used in industries ranging from construction to packaging - kicked in on Wednesday, pushing duties to 50% from 25% previously.While the tariffs are aimed at encou...Reuters
Fri, Jun 6
Trump administration approves coal mine expansion to boost Asia exports
WASHINGTON, June 6 (Reuters) - The U.S. Interior Department approved a plan by Signal Peak Energy to expand coal mining, providing exports for Japan and South Korea, the agency said on Friday, as it responded to President Donald Trump's energy emergency directives.The approval authorizes the Mon...Reuters
Fri, Jun 6
US Cash Grains-Soy and corn bids mostly flat-up, farmer sales stay slow
CHICAGO, June 6 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest processing facilities and river terminals on Friday amid a lack of selling by farmers, grain merchants said. The soybean basis rose by 5 cents per bushel at a river terminal in Seneca, Illinois,...Reuters
Fri, Jun 6
EXCLUSIVE-China issues rare earth licenses to suppliers of top 3 US automakers, sources say
Licenses valid for six months, easing supply-chain disruptionsChina's export curbs impact global industries, including automakersTrump criticizes China's mineral export controls amid trade tensionsChina's rare earth dominance poses leverage in trade disputesFord halted Explorer SUV produ...Reuters
Fri, Jun 6
Mexico's Ebrard has 'cordial' meeting with US trade representative
MEXICO CITY, June 6 (Reuters) - Mexican Economy Minister Marcelo Ebrard said on Friday he had a "cordial conversation" with U.S. Trade Representative Jamieson Greer during a trip to Washington, as Mexico mulls announcing measures next week if no deal is reached on the U.S.' metal tariffs...Reuters
Fri, Jun 6
US natgas prices edge up as higher output offsets lower flows to LNG export plants
Gas futures up 7% for week on expectations demand will rise later in JuneEnergy firms may inject near-record amounts of gas in storageLNG feedgas to Sabine and Plaquemines are about the same for first time By Scott DiSavino June 6 (Reuters) - U.S. natural gas futures edged up about 1% on Friday a...Reuters
Fri, Jun 6
Chinese SHFE Gold traders hit record-high positioning – TDS
Despite muted ETF flows and flat Western macro participation, positioning data shows Chinese Gold speculators pushing SHFE Gold to record highs, setting the stage for a potentially range-bound market — with several bullish catalysts looming, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Fri, Jun 6
GRAINS-Soybean rise, set for weekly gain on US-China trade optimism
Trump, Xi agree to more talks as trade disputes brewWheat market supported by Russia-Ukraine tensionsBy Sybille de La Hamaide and Naveen Thukral June 6 (Reuters) - Chicago soybean rose for a fourth consecutive session on Friday, with the market set for a weekly gain on expectations of improved U....Reuters
Fri, Jun 6
India, U.S. trade talks extended as deadline looms for interim deal, say sources
India-U.S. trade talks extended into next week, say sourcesIndia resisting U.S. push to open farm and dairy marketsNegotiators aiming to thrash out differences for an interim deal Many Indian exporters delay U.S.-bound shipments over tariffs By Manoj Kumar NEW DELHI, June 6 (Reuters) - Trade talk...Reuters
Fri, Jun 6
China's Sinomine halts Namibia copper smelter, citing concentrate shortage due to global 'overcapacity'
WINDHOEK, June 6 (Reuters) - China's Sinomine Resource Group 002738.SZ said on Friday it has temporarily paused copper smelting operations at its Tsumeb plant in Namibia, citing a shortage of concentrate following a rapid expansion in smelter capacity worldwide.Sinomine acquired the Tsumeb smelt...Reuters
Fri, Jun 6
CBOT Trends-Wheat flat-to-up 2 cents, corn down 1-3 cents, soy down 2-4 cents
CHICAGO, June 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 Friday: WHEAT - Flat to up 2 cents per bushelCBOT wheat was nearly unchanged as the market consolidated ahead of the we...Reuters
Fri, Jun 6
Russia asks UN agency to help solve question of US fuel at Ukraine nuclear plant
MOSCOW, June 6 (Reuters) - Russia asked the U.N. nuclear watchdog on Friday to mediate between Moscow and Washington to resolve the question of what to do with U.S. nuclear fuel stored at a Ukrainian power plant controlled by Russian forces.Russia wants to restart the idled Zaporizhzhia nuclear plan...Reuters
Fri, Jun 6
