News
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Gold Price Forecast: XAU/USD resumes its uptrend, heading to $3,365 and $3,415
Gold (XAU/USD) has been one of the major beneficiaries of the US Dollar sell-off on Monday. The Precious metal has surged about $60 so far, as the US dollar drops across the board on a mix of trade uncertainty and looming woes about the US fiscal health.
Fxstreet
Mon, Jun 2
PRECIOUS-Safe-haven rush lifts gold to over one-week peak as trade, geopolitical risks intensify
Trump plans to double steel, aluminum tariffs to 50%Dollar down 0.6% against its rivalsRussia-Ukraine tensions escalate ahead of peace talksBy Anushree Mukherjee June 2 (Reuters) - Gold prices rose to a more than a one-week high on Monday, driven by safe-haven demand as renewed U.S. tariff threat...Reuters
Mon, Jun 2
RPT-COLUMN-Funds finally pause corn selloff as focus turns to US crop: Braun
By Karen Braun NAPERVILLE, Illinois, June 1 (Reuters) - Speculators have made unprecedented moves in Chicago corn so far in 2025 as the combination of geopolitical uncertainties and supply trends sparked heavy selling, turning a strongly bullish market into a bearish one.June officially kicks off...Reuters
Mon, Jun 2
France's Lactalis wins regulatory approval for acquisition of General Mills' U.S. yoghurt business
June 2 (Reuters) - LACTALIS/GENERAL MILLS GIS.N:* Lactalis has won regulatory approval for its previously announced deal to buy General Mills' U.S. yoghurt business, the companies said on Monday.* The deal is on track to be completed at the end of June.* Last September, General Mills - whose bra...Reuters
Mon, Jun 2
Indian Billionaire Gautam Adani Comes Under New Scrutiny From U.S. Prosecutors - WSJ
June 2 (Reuters) - INDIAN BILLIONAIRE GAUTAM ADANI COMES UNDER NEW SCRUTINY FROM U.S. PROSECUTORS - WSJJUSTICE DEPARTMENT IS INVESTIGATING WHETHER ADANI’S COMPANIES VIOLATED U.S. SANCTIONS ON IRAN - WSJADANI FACES SCRUTINY AS PROSECUTORS REVIEW LPG TANKER ACTIVITIES, WITH DISCREPANCIES FOUND IN SHIP...Reuters
Mon, Jun 2
EU warned by advisers not to weaken new climate goal
By Kate Abnett BRUSSELS, June 2 (Reuters) - The European Union's independent advisers have warned against watering down the bloc's planned 2040 climate goal, as EU officials consider softening the target to try to contain a political backlash against ambitious environmental policies.The E...Reuters
Mon, Jun 2
RPT-COLUMN-US ethanol output eases off record pace as summer travels heat up: Braun
By Karen BraunNAPERVILLE, Illinois, May 30 (Reuters) - Record volumes of U.S. ethanol have been churned out since late last year, largely due to an uptick in exports and steady domestic demand.But output has slipped from those record levels over the last couple of weeks, coinciding with the ramp-up ...Reuters
Mon, Jun 2
US Crude Oil (WTI) appreciates against all odds and returns to above $62.00
Buy the rumour, sell the news in Oil prices, as the US benchmark WTI appreciates about $2.5 so far today, despite the output hikes announced by OPEC+ members, fresh threats of US tariffs and new trade tensions between the US and China.
Fxstreet
Mon, Jun 2
EXPLAINER-How flesh-eating screwworms in cattle could raise US beef prices
By Heather Schlitz CHICAGO, June 2 (Reuters) - New World Screwworm, a devastating parasite that eats cattle and other wild animals alive, is traveling north from Central America to Mexico and has crept past biological barriers that kept the pest contained for decades, experts said.Washington halt...Reuters
Mon, Jun 2
EUROPE GAS-Prices edge higher amid weak demand, Norwegian maintenance
LONDON, June 2 (Reuters) - Dutch and British wholesale gas prices edged higher on Monday morning, recovering from a price fall on Friday and as warmer temperatures eased demand and ongoing maintenance in Norway curbed supply.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up ...Reuters
Mon, Jun 2
Trump's plan to hike steel tariffs to have 'minor' impact on India, says minister
By Neha Arora NEW DELHI, June 2 (Reuters) - India estimates a "minor impact" from U.S. President Donald Trump's plan to increase tariffs on steel and aluminium products as the South Asian country exports low volumes to Washington, the federal steel minister said on Monday. Trump said ...Reuters
Mon, Jun 2
European industry hit hard by Trump tariffs, Salzgitter CEO warns
DUESSELDORF/FRANKFURT, June 2 (Reuters) - Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry, its CEO said after the U.S. administration unveiled plans to double steel import levies to 50%."An i...Reuters
Mon, Jun 2
London copper rises on weaker dollar, but US-China trade conflict caps gains
By Hongmei Li SINGAPORE, June 2 (Reuters) - Copper prices in London climbed on Monday, supported by a weaker dollar, although renewed U.S.-China trade tensions raised supply chain concerns and limited further upside in metal prices.Benchmark three-month copper on the London Metal Exchange (LME) C...Reuters
Mon, Jun 2
Trump's steel tariff plan to have 'minor' impact on India, says minister
NEW DELHI, June 2 (Reuters) - The impact from U.S. President Donald Trump's plan to increase tariffs on steel and aluminium products is likely to be "minor" as India does not export steel to the U.S. "in a big way", federal steel minister HD Kumaraswamy said on Monday.Reuters
Mon, Jun 2
PRECIOUS-Gold prices climb as tariff jitters lift safe-haven demand
Trump says he plans to double steel, aluminium tariffs to 50%Russia and Ukraine step up the war on eve of peace talksFed Chair Jerome Powell due to speak later in the dayBy Anmol Choubey June 2 (Reuters) - Gold prices rose more than 1% on Monday as an escalation in the Russian war in Ukraine and ...Reuters
Mon, Jun 2
TECHNICALS-CBOT soybeans may test support of $10.33-1/2
For more technical analyses, please click SINGAPORE, June 2 (Reuters) - The CBOT soybean July contract SN25 may test support of $10.33-1/2 per bushel, a break below which could open the way toward $10.22.The current fall is classified as a correction on the uptrend from $9.85. A retracement analysis...Reuters
Mon, Jun 2
