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Precious metals sell-off – ING
Spot Gold prices came under significant pressure yesterday, with the market settling 5.3% lower on the day. This downward pressure has only continued in early morning trading in Asia today.
Gold
Fxstreet
Wed, Oct 22
Nuclear power at heart of new Japan prime minister's energy policy
Japan new PM Takaichi is pro-nuclear, advocate of next generation fusion energyOpposes mega-solar, especially from ChinaChooses Akazawa, an English speaker and top Japan-US trade deal negotiator, as energy ministerBy Katya Golubkova and Yuka Obayashi TOKYO, Oct 22 (Reuters) - Japan's new prim...
Reuters
Wed, Oct 22
Teck Resources Q3 revenue rises, driven by higher copper and zinc prices
OverviewTeck Q3 revenue rises to CAD$3.385 bln, driven by higher copper and zinc pricesAdjusted EBITDA for Q3 increases to CAD$1.171 bln, reflecting improved profitabilityOutlookTeck Resources maintains 2025 copper production guidance at 415k-465k tonnesCompany anticipates 2025 zinc production betwe...
Reuters
Wed, Oct 22
US to buy Oil for strategic reserves – ING
Oil prices managed to settle higher yesterday, with Brent closing 0.51% up on the day. However, the scale of the surplus facing the market suggests that any upside is likely limited.
Fxstreet
Wed, Oct 22
PRECIOUS-Gold regains ground as uncertainty, rate outlook lift safe-haven demand
Gold slumped more than 5% on TuesdayFocus on U.S. inflation data, due on FridayPlanned summit between Trump and Putin on holdBy Anmol Choubey Oct 22 (Reuters) - Gold prices slightly rebounded on Wednesday, after posting their sharpest decline since 2020 in the previous session, as investors purch...
Reuters
Wed, Oct 22
Kazakhstan's Karachaganak field raises output by 8%, source says
Oct 22 (Reuters) - Kazakhstan's oil and gas condensate Karachaganak field has increased output by around 8% after neighbouring Russia's Orenburg gas processing plant gradually restarted operations following drone strikes, an industry source said on Wednesday.The source said daily output at t...
Reuters
Wed, Oct 22
Nuclear power at heart of new Japan PM's energy policy
By Katya Golubkova and Yuka Obayashi TOKYO, Oct 22 (Reuters) - Japan's new prime minister Sanae Takaichi is expected to push for the accelerated revival of nuclear power to tackle inflation, a source of public discontent, with reactor restarts key to reducing costly fuel imports.Takaichi has ...
Reuters
Wed, Oct 22
Slovakia likely to support new EU sanctions package against Russia, PM Fico says
Oct 22 (Reuters) - Slovakia is likely to support the European Union's 19th sanctions package against Russia if it sees its demands are included in conclusions of a summit of the bloc's leaders this week, Slovak Prime Minister Robert Fico said on Wednesday.Fico, speaking to a parliamentary co...
Reuters
Wed, Oct 22
TABLE-UAE's Fujairah oil inventory data for week ended October 20
Oct 22 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended October 20, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...
Reuters
Wed, Oct 22
EXCLUSIVE-Japan’s new leader to woo Trump with promises on pickups and soybeans
Trump to meet Japan's new PM Takaichi in Tokyo early next weekJapan says substance, not amount, of defence spending importantJapan will also offer list of possible U.S. investments By Tamiyuki Kihara TOKYO, Oct 22 (Reuters) - As Japan's new premier Sanae Takaichi got to work on Wednesday...
Reuters
Wed, Oct 22
PRECIOUS-Gold stages rebound on bargain-hunting, softer dollar
Gold fell more than 5% on TuesdayFocus on US inflation data due on FridayPlatinum down more than 1%By Brijesh Patel Oct 22 (Reuters) - Gold prices rose on Wednesday, helped by a weaker dollar and bargain-hunting after a sharp drop in the last session, while investors awaited U.S. inflation data f...
Reuters
Wed, Oct 22
Fresnillo Remains On Track To Meet FY Guidance, With Gold Trending Towards Upper End Of Range
Oct 22 (Reuters) - Fresnillo PLC FRES.L:FRESNILLO PLC - 3RD QUARTER RESULTSFRESNILLO PLC: WE ARE ON TRACK TO MEET OUR FULL YEAR GUIDANCE, WITH GOLD TRENDING TOWARDS UPPER END OF RANGEFRESNILLO PLC: IN QUARTER, SILVER PRODUCTION WAS LOWER AS EXPECTEDFRESNILLO : QUARTERLY ATTRIBUTABLE GOLD PRODUCTION...
Reuters
Wed, Oct 22
EXCLUSIVE-Japan’s new leader to woo Trump with pickups and soybeans
Trump to meet Japan's new PM Takaichi in Tokyo early next weekJapan says substance, not amount, of defence spending importantJapan will also offer list of possible U.S. investments By Tamiyuki Kihara TOKYO, Oct 22 (Reuters) - As Japan's new premier Sanae Takaichi got to work on Wednesday...
Reuters
Wed, Oct 22
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $58.23 per barrel, up from Tuesday’s close at $57.56.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $61.39 price posted on Tuesday, and trading at $62.08.
WTI
Fxstreet
Wed, Oct 22
COLUMN-OPEC production confusion should put floor under oil prices: Bousso
Brent oil prices drift towards $60 a barrelFuture contracts have shifted in recent weeks into a contango structureHuge divergence in estimates over OPEC production to put floor on oil price declineBy Ron Bousso LONDON, Oct 22 (Reuters) - Global oil prices are signalling that the market is tipping...
Reuters
Wed, Oct 22
Norway's wealth fund intensifies net zero emission pressure amid US climate rollback
Fund targets companies with highest 'Scope 3' emissions'Climate risk is financial risk,' fund saysUS climate policy rollback contrasts with fund's goalsBy Gwladys Fouche OSLO, Oct 22 (Reuters) - Norway's $2 trillion wealth fund is increasing pressure on companies it invest...
Reuters
Wed, Oct 22
TABLE-North Sea gas maintenance schedule: Adds Aldbrough outage
Oct 22 (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
Wed, Oct 22
Silver Price Forecast: XAG/USD recovers to near $49.00 on US-China trade concerns
Silver price (XAG/USD) rebounds to near $49.00 during the late Asian trading session on Wednesday after attracting bids around the fresh two-week low at $47.53 posted earlier in the day.
Silver
Fxstreet
Wed, Oct 22
PRECIOUS-Gold rebounds on bargain-hunting, softer dollar
Gold fell more than 5% on TuesdayFocus on US inflation data due on FridayPlatinum down more than 1%By Brijesh Patel Oct 22 (Reuters) - Gold prices rose on Wednesday, helped by a weaker dollar and bargain-hunting after a sharp loss the previous day, with investor attention turning to the delayed r...
Reuters
Wed, Oct 22
Chicago soybeans recover on US-China trade optimism
Chicago soybean futures bounced back on Wednesday, as markets remained hopeful for progress in trade talks with top soy buyer China, a deal that could help U.S. farmers avert major losses.
Reuters
Wed, Oct 22
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