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Gold prices extend record rally on US-China tensions, rate-cut bets
Oct 16 (Reuters) - Gold prices hit a record high on Thursday, rising for a fifth session, as investors ramped up their safe-haven bets amid rising trade tensions between the world's two largest economies, a U.S. federal government shutdown and heightened rate-cut bets.
Reuters
Thu, Oct 16
South Korea Industry Ministry launches taskforce on rare earth supply chain
SEOUL, Oct 16 (Reuters) - South Korea's Industry Ministry said on Thursday that it has launched a taskforce on rare earth supply chains and plans to prepare measures to mitigate the impact of China's export curbs on the critical metal on South Korea's major industries like mircochips, el...Reuters
Thu, Oct 16
Discussions ongoing with U.S. on deepening energy co-operation, India says
Oct 16 (Reuters) - India said on Thursday that discussions were ongoing with the United States on deepening energy co-operation between the two countries, hours after U.S. President Donald Trump said India had pledged to stop buying oil from Russia.Reuters
Thu, Oct 16
TECHNICALS-CBOT soybeans neutral in $10.05 to $10.11-1/4 range
For more technical analyses, please click SINGAPORE, Oct 16 (Reuters) - The CBOT soybean November contract SX25 looks neutral in a range of $10.05 to $10.11-1/4 per bushel, and an escape could suggest a direction.A break above $10.11-1/4 would lead to a gain into $10.16-3/4 to $10.21 range, while a ...Reuters
Thu, Oct 16
VEGOILS-Palm opens higher on strong rival oils, crude oil
KUALA LUMPUR, Oct 16 (Reuters) - Malaysian palm oil futures opened higher on Thursday, extending gains for a second consecutive session, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract FCPOc3 for January delivery on the Bursa Malaysia Derivatives Exchang...Reuters
Thu, Oct 16
GRAINS-Corn rises for third session on limited selling from US farmers
Corn rises as U.S. farmers hold on to freshly harvested cropSoybeans rise on strong U.S. crushing pace; wheat firmsBy Naveen Thukral SINGAPORE, Oct 16 (Reuters) - Chicago corn gained more ground on Thursday, as limited selling of newly harvested crops by U.S. farmers buoyed cash prices and lent s...Reuters
Thu, Oct 16
Bessent says US expects Japan to stop buying Russian energy
Japan says it will 'do what it can' to help Ukraine peace effortRussia's Sakhalin-2 project supplies 9% of Japan's LNG importsJapan also buys small volume of crude from Sakhalin-2 projectBy Ismail Shakil and Katya Golubkova Oct 15 (Reuters) - U.S. Treasury Secretary Scott Bessent ...Reuters
Thu, Oct 16
Trump says Modi assured him India will stop buying Russian oil
Indian embassy in Washington has not yet confirmed agreementLower global oil prices could mute economic impact for IndiaTrump says India cannot halt Russian shipments immediatelyBy Nandita Bose and Jarrett Renshaw WASHINGTON, Oct 15 (Reuters) - U.S. President Donald Trump said on Wednesday that I...Reuters
Thu, Oct 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 16 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$61.37/$60.69res $63.17/$63.97Palm oil (3rd month)-res 4,530/4,558 ringgitsup 4,484/4,456 ringgitWTI* (1st month)$58.27/$57.66res $59.15/$59.86/$60.58Spot gold$4,225su...Reuters
Thu, Oct 16
YouTube resolves issue that briefly impacted video streaming globally
Oct 15 (Reuters) - Alphabet-owned GOOGL.O YouTube said on Wednesday that it has resolved an issue impacting video streaming services for several thousand users globally.YouTube said in a post on X that users should now be able to play videos on YouTube Music, YouTube TV and its main platform — with...Reuters
Thu, Oct 16
ANZ forecasts gold prices to hit $4,400 per ounce by year-end
Oct 16 (Reuters) - ANZ on Thursday forecasts gold prices to surge to $4,400 per ounce by year-end, with a peak near $4,600 by June 2026, before a potential decline in the second half as the U.S. Federal Reserve concludes its easing cycle. "Mounting concerns around the Fed's independence, pol...Reuters
Thu, Oct 16
GRAINS-Corn rises for third session on limited selling from US farmers
SINGAPORE, Oct 16 (Reuters) - Chicago corn gained more ground on Thursday, as limited selling of newly harvested crops by U.S. farmers buoyed cash prices and lent support to futures.Soybeans inched higher on a stronger-than-expected U.S. oilseed processing pace and higher soyoil demand, while wheat ...Reuters
Thu, Oct 16
YouTube down for thousands of users in the US, Downdetector shows
Oct 15 (Reuters) - Alphabet-owned GOOGL.O YouTube was down for over 320,000 users in the United States on Wednesday evening, according to Downdetector.As of 7:47 p.m. ET, 321,990 users reported issues with YouTube, per Downdetector, which tracks outages by collating status reports from a number of s...Reuters
Thu, Oct 16
Brent crude futures up 1% after Trump says India promised to stop buying Russian oil
TOKYO, Oct 16 (Reuters) - Brent crude futures LCOc1 rose by 1.1% to $62.61 per barrel at 0012 GMT after U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi had pledged to stop buying oil from Russia. Trump said he would try to get China to do the same as Washington...Reuters
Thu, Oct 16
US judge dismisses youth activists' lawsuit challenging Trump's energy policies
Lawsuit argued Trump's energy policies would cause a litany of harmsJudge say lawsuit would have him overstep his powers, was unworkable Our Children’s Trust lawyers say to appeal ruling Trump administration says activists should seek redress through the political process By Jack QueenOct 15 (Re...Reuters
Thu, Oct 16
Gold Price Forecast: XAU/USD climbs above $4,200 on rate cut hopes, safe-haven flows
Gold price (XAU/USD) attracts some buyers to around $4,210 during the early Asian session on Thursday. The precious metal rises to near a fresh all-time high as US rate cut expectations and trade tensions continue to boost demand for the safe-haven assets.Fxstreet
Thu, Oct 16
