News
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Gold Price Forecast: XAU/USD holds above $3,300 on economic uncertainty, geopolitical risks
The Gold price (XAU/USD) rebounds to around $3,310 during the early Asian trading hours on Monday. Ongoing tariff uncertainty and persistent geopolitical tensions boost demand for safe-haven assets like gold.
Fxstreet
Mon, Jun 2
Goldman Sachs sees OPEC+ raising oil output by 0.41 mb/d in August
June 2 (Reuters) - Goldman Sachs anticipates the eight country OPEC+ oil group will implement a final 0.41 million barrels per day (mb/d) production increase in August, the bank said in a note dated Sunday."Relatively tight spot oil fundamentals, beats in hard global activity data, and seasonal ...Reuters
Mon, Jun 2
GRAINS-Soybeans fall for second session on improved weather, demand worries
SINGAPORE, June 2 (Reuters) - Chicago soybeans lost more ground on Monday, with the market trading near its lowest in about three weeks on pressure from beneficial weather in the U.S. Midwest and uncertainty over biofuel demand.Wheat and corn prices inched higher in early Asian trade.FUNDAMENTALS* T...Reuters
Mon, Jun 2
South Korea to discuss 50% tariff on steel products with US, ministry says
SEOUL, June 2 (Reuters) - South Korea's Industry Ministry said on Monday it will respond to the new 50% U.S. tariff on steel products as part of the country's ongoing trade discussions with Washington in order to minimise the impact on industry.The ministry held a meeting with officials from...Reuters
Mon, Jun 2
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 2 (Reuters) - Contract Target Support/Resistance Brent oil $64.38/$64.80/$65.31sup $63.46/$63.11/$62.64Palm oil (3rd month)--WTI* $63.06sup $61.47/$60.97/$60.48Spot gold$3,324/$3,330/$3,348sup $3,304/$3,291/$3,272LME copper (3rd month)*$...Reuters
Mon, Jun 2
Goldman Sachs sees OPEC8+ raising oil output by 0.41 mb/d in August
June 2 (Reuters) - Goldman Sachs anticipates OPEC8+ will implement a final 0.41 million barrels per day (mb/d) production increase in August and maintain steady production levels starting in September, the bank said in a note dated Sunday.Goldman maintained its cautious oil price forecast, projectin...Reuters
Mon, Jun 2
Oil rebounds after OPEC+ sticks to same output hike in July vs June
By Florence Tan SINGAPORE, June 2 (Reuters) - Oil prices rebounded more than $1 a barrel in early Asian trade on Monday after OPEC+ decided to increase output in July by the same amount as it did in each of the prior two months, in line with market expectation.Brent crude futures LCOc1 climbed $1...Reuters
Sun, Jun 1
WRAPUP 3-Russia and Ukraine step up the war on eve of peace talks
Ukraine attacks Russia's nuclear-capable bombersSeven killed, 69 injured in Bryansk, Russia says Russia launches biggest drone attack of the warUkraine to attend talks in Istanbul, Zelenskiy saysBy Guy Faulconbridge and Max Hunder MOSCOW/KYIV, June 1 (Reuters) - On the eve of peace talks, Ukr...Reuters
Sun, Jun 1
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
Sun, Jun 1
Lutnick downplays impact of tariff court ruling on US, EU talks
By Ted Hesson WASHINGTON, June 1 (Reuters) - U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview on Sunday, saying talks were ongoing.Lutnick, speaking on "Fox News Sunday," was a...Reuters
Sun, Jun 1
Trump, Xi likely to speak soon on minerals trade dispute, aides say
WASHINGTON, June 1 (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping will speak soon to iron out trade issues including a dispute over critical minerals, Treasury Secretary Scott Bessent said on Sunday. Trump on Friday accused China of violating an agreement with th...Reuters
Sun, Jun 1
Lutnick downplays impact of tariff court ruling on US, EU talks
By Ted Hesson WASHINGTON, June 1 (Reuters) - U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview with Fox News Sunday, saying talks were ongoing.Lutnick was asked about a Reuters report q...Reuters
Sun, Jun 1
Trump, Xi likely to speak soon, Treasury's Bessent says
WASHINGTON, June 1 (Reuters) - U.S. Treasury Secretary Bessent said he believes President Donald Trump and Chinese President Xi Jinping will speak soon to address trade issues, including rare minerals."I believe we'll see something very soon," Bessent said on CBS' "Face the Natio...Reuters
Sun, Jun 1
IndiGo expands network with Air France-KLM, Virgin Atlantic, Delta deal
IndiGo firms up 30 orders for A350 jetsNew partnership with U.S. carrier DeltaDeal expands network in North America, Europe and BritainBy Abhijith Ganapavaram NEW DELHI, June 1 (Reuters) - India's largest airline IndiGo INGL.NS has entered an agreement with Air France-KLM AIRF.PA, Virgin Atla...Reuters
Sun, Jun 1
IATA expects sustainable aviation fuel production to double in 2025
SEOUL, June 1 (Reuters) - The International Air Transport Association said on Sunday it expects the amount of sustainable aviation fuel produced to double in 2025 to reach 2 million tonnes, representing 0.7% of airlines' fuel consumption. Influential industry body IATA has increasingly been warn...Reuters
Sun, Jun 1
IATA expects sustainable aviation fuel production to double in 2025
SEOUL, June 1 (Reuters) - The International Air Transport Association on Sunday said it expects the amount of sustainable aviation fuel produced to double in 2025 to reach 2 million tonnes, representing 0.7% of airlines' fuel consumption.Reuters
Sun, Jun 1
IndiGo expands network with Air France-KLM, Virgin Atlantic, Delta deal
NEW DELHI, June 1 (Reuters) - India's largest airline IndiGo INGL.NS on Sunday announced an agreement with Air France-KLM AIRF.PA, Virgin Atlantic and Delta DAL.N to expand its long-haul services to North America, Europe and Britain, the airlines said on Sunday. Indigo has an extensive domestic...Reuters
Sun, Jun 1
IATA Says $1.3 Billion In Airline Funds Are Blocked From Repatriation By Governments As Of End April 2025
June 1 (Reuters) - IATA REPORTED THAT $1.3 BILLION IN AIRLINE FUNDS ARE BLOCKED FROM REPATRIATION BY GOVERNMENTS AS OF END APRIL 2025Source text: [ID:]Further company coverage: [ ]Reuters
Sun, Jun 1
Another railway track damaged in Russia's Bryansk region, Russian Railways say
MOSCOW, June 1 (Reuters) - A railway track on the Unecha-Zhecha section in Russia's Bryansk region was damaged, there were no casualties, Russian Railways said on Sunday."Today at 10:52 on the Unecha-Zhecha section of the Bryansk region, during an inspection of the infrastructure by special ...Reuters
Sun, Jun 1
