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PRECIOUS-Gold tops $4,300, set for biggest weekly surge since 2008
China blames US for global panic over rare earths controlsGold is up about 8.1% so far this weekSilver hits record high of $54.47/ozSPDR gold trust holdings hit highest level since July 2022By Anushree Mukherjee Oct 17 (Reuters) - Gold surged past $4,300 an ounce on Friday, headed for its big...Reuters
Fri, Oct 17
China willing to restart dialogue with Canada at all levels, foreign minister says
BEIJING, Oct 17 (Reuters) - China is willing to work with Canada to restart dialogue and exchanges at all levels and to promote the resolution of each nation's legitimate concerns, Foreign Minister Wang Yi told his Canadian counterpart in Beijing on Friday, his ministry said.Beijing hopes to enh...Reuters
Fri, Oct 17
TECHNICALS-NY coffee may test support at $3.2130 in Q4
For more technical analyses, please click SINGAPORE, Oct 17 (Reuters) - New York coffee KCc2 may test support at $3.2130 per lb in the fourth quarter, a break below which could open the way toward $2.5415 to $2.8775 range.A long-term correction from $4.2995 looks incomplete. It may have adopted a fl...Reuters
Fri, Oct 17
China to hold hearing on anti-dumping probe into EU pork
BEIJING, Oct 17 (Reuters) - China's commerce ministry will hold a hearing on its anti-dumping probe into pork imports from the European Union in the near future, the ministry said in a statement released on Friday.Last month, Beijing placed initial anti-dumping duties of up to 62.4% on pork impo...Reuters
Fri, Oct 17
US says India halves Russian oil imports, sources say no cuts seen
Russian oil a top irritant in US-India trade talksIndia has pledged to boost US energy purchasesIndia could cut Russian oil imports from Dec-Jan, sources sayIndia is biggest buyer of Russian seaborne oilUS says Russia uses oil revenue to fund war in UkraineBy Jarrett Renshaw and Nidhi Verma WASHI...Reuters
Fri, Oct 17
WTI slumps to near $56.50 as Trump and Putin summit looms
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.50 during the early European trading hours on Friday. The WTI remains on the defensive amid uncertainty over global energy supplies and a bigger-than-forecast crude inventory build.
Fxstreet
Fri, Oct 17
TABLE-North Sea gas maintenance schedule: Adds Oseberg outage
Oct 17 (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, Oct 17
PRECIOUS-Gold rallies beyond $4,300/oz, set for best week in 17 years
U.S. regional bank credit concerns spook investorsChina accuses U.S. of causing panic on export controlsFed Governor Waller voices support for interest rate cutBy Ishaan Arora and Anmol Choubey Oct 17 (Reuters) - Gold notched a new high above $4,300 an ounce on Friday and was poised for its best ...Reuters
Fri, Oct 17
GRAINS-Corn rises on fears US yields could fall short of estimates
CANBERRA, Oct 17 (Reuters) - Chicago corn futures extended gains into a fourth session on Friday and were set for their first weekly gains in five weeks, as traders speculated that U.S. harvest yields may be lower than predicted.Soybean futures rose after data showing a much stronger than expected S...Reuters
Fri, Oct 17
Silver Price Forecast: XAG/USD remains close to $54.50 near record highs
Silver price (XAG/USD) extends its three-day rally, trading around $54.30 per troy ounce during the Asian hours on Friday. The price of the grey metal remains close to the record high of $54.86, reached in the previous session amid increased safe-haven demand.Fxstreet
Fri, Oct 17
Indian refiners make rare purchases of Guyanese grades, sources say
By Nidhi Verma and Florence Tan NEW DELHI/SINGAPORE, Oct 17 (Reuters) - Two Indian refiners have bought 4 million barrels of Guyanese crude oil from U.S. major Exxon Mobil XOM.N to be delivered at the end of 2025 or in early 2026, in rare imports from the South American producer, trade sources sa...Reuters
Fri, Oct 17
Japan Utilities Lobby Head: Alternative Procurement Measures In The Event Of A Halt To Russian LNG Imports Will Be Decided By Each Company
Oct 17 (Reuters) - Japan Electric Utilities Lobby Head: JAPAN MAY NEED TO BUILD 5.5 GW OF NUCLEAR POWER REACTORS TO REPLACE EXISTING FACILITIES IN 2040S TO SECURE STABLE POWER SUPPLYJAPAN MAY NEED TO REPLACE 12.7GW-16 GW OF NUCLEAR POWER IN 2050SRUSSIA IS AN IMPORTANT SOURCE OF JAPAN’S LNG IMPORTS I...Reuters
Fri, Oct 17
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $56.79 per barrel, down from Thursday’s close at $56.94.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $60.68 after its previous daily close at $60.86.Fxstreet
Fri, Oct 17
Japan Q4 aluminium talks drag out in effort to bridge gap, say sources
Quarterly pricing talks between Japanese aluminium buyers and global producers have stretched unusually long as both struggle to close a wide gap on primary metal shipments for October to December, three sources directly involved in the talks said.Reuters
Fri, Oct 17
Poland - Factors to Watch October 17
WARSAW, Oct 17 (Reuters) - The following are significant news stories, press reports and events on Friday. ALL TIMES GMT (Poland: GMT + 2 hours):NORD STREAM CASEA Polish court will consider on Friday whether a Ukrainian diver who is wanted by Germany in connection with the Nord Stream gas pipeline e...Reuters
Fri, Oct 17
Outokumpu Expects Tax Hikes To Affect Profits, Investments
Oct 17 (Reuters) - Outokumpu Oyj OUT1V.HE:EFFECTS OF INCREASE IN MINING MINERAL TAX ON OUTOKUMPU - INVESTMENTS IN FINLAND WILL BE POSTPONED AND LIFETIME OF KEMI MINE SHORTENEDINCREASE OF MINING MINERAL TAX, REMOVAL OF ELECTRICITY SUBSIDIES, AND CHANGE IN ELECTRICITY TAX CATEGORY WILL REDUCE OUTOKUMP...Reuters
Fri, Oct 17
Gold rallies beyond $4,300/oz, set for best week in 17 years
Oct 17 (Reuters) - Gold notched a new high above $4,300 an ounce on Friday and was poised for its best week in over 17 years, as signs of weakness in U.S. regional banks, global trade frictions, and further rate-cut hopes pushed investors to the safe-haven metal.Reuters
Fri, Oct 17
