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Gold Price Forecast: XAU/USD edges higher above $5,400 as traders await Trump’s Fed Chair pick
Gold price (XAU/USD) holds positive ground around $5,405 during the early Asian session on Friday. The precious metal hit a record high near $5,600 before paring gains due to profit-taking in the previous session.
Fxstreet
Fri, Jan 30
Weyerhaeuser swings to an adjusted loss in fourth quarter on weak wood product prices
Jan 29 (Reuters) - U.S. timber company Weyerhaeuser WY.N swung to an adjusted quarterly loss on Thursday, pressured by lower commodity wood product prices and sluggish demand in major end-markets.The implementation of President Donald Trump's trade measures — particularly the 10% tariff on lumbe...Reuters
Fri, Jan 30
Taiwan completes first undersea trial for domestically made submarine
Taiwan building its own submarines with help from US, UKProgramme has been hit with delaysTaiwan faces increased military pressure from China TAIPEI, Jan 30 (Reuters) - Taiwan completed the maiden underwater sea trial for its first domestically developed submarine on Thursday, a big milestone in ...Reuters
Fri, Jan 30
Weyerhaeuser's swings to an adjusted loss in fourth quarter on weak wood product prices
Jan 29 (Reuters) - U.S. timber company Weyerhaeuser WY.N swung to an adjusted quarterly loss on Thursday, pressured by lower commodity wood product prices and sluggish demand in major end-markets.The implementation of President Donald Trump's trade measures — particularly the 10% tariff on lumbe...Reuters
Thu, Jan 29
US lawmaker asks Vitol, Trafigura about Venezuela oil deals
WASHINGTON, Jan 29 (Reuters) - The top Democrat on a U.S. House investigative committee has asked global trading houses Vitol and Trafigura about any correspondence with the Trump administration before the U.S. capture of Venezuela's leader, to determine, he said on Thursday, who benefits from t...Reuters
Thu, Jan 29
Sweeping oil reform in Venezuela approved, operators expected to gain autonomy
Authorities can approve asset transfers, outsourcing of oilfield operation after sweetened termsNew hydrocarbon tax introduced, income tax can be lowered for energy projectsOil ministry gains power to approve, change contractsWashington eased sanctions on the countryBy Marianna Parraga Jan 29 (Re...Reuters
Thu, Jan 29
Trump says Republicans, Democrats agree to get vast majority of US government funded
Jan 29 (Reuters) - President Donald Trump said on Thursday Republicans and Democrats have agreed to get the vast majority of the federal government funded till September and that he was working with the U.S. Congress to fully fund the government and avoid another shutdown."Republicans and Democr...Reuters
Thu, Jan 29
CIF/FOB Gulf Grain-Soybean barge basis steady-lower, corn higher, as river navigation conditions remain icy
CHICAGO, Jan 29 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals were steady to lower on Thursday, while corn bids turned higher, as navigation along the Illinois and Mississippi Rivers continued to be snarled by ice build-up, traders said.Barge freight rates ...Reuters
Thu, Jan 29
Trump to impose tariffs on goods from nations nations giving oil to Cuba, White House says
WASHINGTON, Jan 29 (Reuters) - U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide oil to Cuba, the White House said.Reuters
Thu, Jan 29
US crude output still down by 500,000 bpd from winter storm, consultancy estimates
Production outages in U.S. and Kazakhstan raise oil pricesPermian Basin sees significant recovery in crude productionNatural gas output down 5.1% due to Arctic blastBy Georgina McCartneyHOUSTON, Jan 29 (Reuters) - Around half a million barrels per day of crude production or nearly 0.5% of global sup...Reuters
Thu, Jan 29
EXPLAINER-How alcohol consumption impacts cancer risks
By Nancy Lapid Jan 29 (Reuters) - New U.S. nutrition guidelines issued in January by the Trump administration have abandoned the government's long-standing practice of recommending specific limits on alcohol use in favor of simply advising people to drink less.The International Agency for Res...Reuters
Thu, Jan 29
California accelerates work on EV rules, tax credits that Trump opposes, state's top air regulator says
By Lisa Baertlein, Valerie Volcovici and David Shepardson LOS ANGELES/WASHINGTON, Jan 29 (Reuters) - California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state's top air regulator said. California is fig...Reuters
Thu, Jan 29
US Cash Crude- Grades rise at WTI/Brent spread trades at widest point in 21 months
HOUSTON, Jan 29 (Reuters) - Grades rose on Thursday, dealers said, as the WTI/Brent spread widened and some U.S. output remained offline after a winter storm that ravaged output over the weekend. The spread between WTI and Brent supported prices, trading as wide as minus $5.50 during the session, it...Reuters
Thu, Jan 29
Demand at largest US electric grid hovers near winter record
By Tim McLaughlin and Laila KearneyBOSTON/NEW YORK, Jan 29 (Reuters) - The largest U.S. electric grid on Thursday operated near record levels for demand amid frigid temperatures as weather forecasters predicted another Arctic blast over the weekend. The PJM Interconnection, which manages the flow of...Reuters
Thu, Jan 29
Australia's Origin Energy lifts low end of 2026 APLNG production outlook, Q2 APLNG revenue rises sequentially
Jan 30 (Reuters) - Australia's Origin Energy ORG.AX on Friday raised the lower end of its 2026 production forecast for its Australia Pacific LNG, and posted a 10% sequential rise in revenue from its stake in that same project in the second quarter, helped by higher LNG sales.The power producer n...Reuters
Thu, Jan 29
US eases sanctions on Venezuelan oil industry
WASHINGTON, Jan 29 (Reuters) - The Trump administration on Thursday eased some sanctions on the Venezuelan oil industry as it seeks to expand production there after U.S. forces ousted the South American country's President Nicolas Maduro on January 3. The U.S. Treasury issued a general license a...Reuters
Thu, Jan 29
Australia's Origin Energy posts 10% sequential rise in Q2 APLNG revenue
Jan 30 (Reuters) - Australia's Origin Energy ORG.AX on Friday posted a 10% sequential rise in revenue from its stake in the Australia Pacific LNG (APLNG) project in the fiscal second quarter, helped by higher LNG sales.The power producer said revenue from its stake in APLNG - a joint venture wit...Reuters
Thu, Jan 29
US natgas futures soar 140% during Arctic blast, boosting consumer costs
Arctic blast causes natural gas output to hit two-year lowIndustrial, power generation customers face immediate high costsManufacturers group urges suspension of spot LNG exportsBy Scott DiSavino NEW YORK, Jan 29 (Reuters) - U.S. natural gas futures NGc1 jumped 140% over the past seven trading da...Reuters
Thu, Jan 29
Refiner Valero buys Venezuelan crude from three authorized sellers
Valero says Venezuelan oil will account for large share of its heavy crude needs in coming monthsValero expects its Venezuelan crude processing capability to exceed previous levelsBy Nicole JaoNEW YORK, Jan 29 (Reuters) - Valero Energy VLO.N said on Thursday it bought Venezuelan crude oil from three...Reuters
Thu, Jan 29
Gold trims losses, peaks near $5,600, set for strongest month in decades
Gold (XAU/USD) trims some of its earlier losses on Thursday as traders book profits following the Federal Reserve’s (Fed) monetary policy decision, which barely moved the needle as the yellow metal seems poised to record its best month since the 1980s.Fxstreet
Thu, Jan 29
