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LMEWEEK-Trafigura CEO downplays role of AI, defence in copper demand
By Tom Daly LONDON, Oct 13 (Reuters) - Traditional applications for copper will continue to account for the vast majority of demand for the metal over the next decade, rather than data centres and the defence industry, the CEO of trading house Trafigura said on Monday.Speaking at the LME Week s...Reuters
Mon, Oct 13
PRECIOUS-Gold, silver surge to all-time highs on trade jitters and rate-cut optimism
Gold hits record high of $4,096.35/oz, silver at $52/ozBofA lifts 2026 gold forecast to $5,000/oz, sees silver at $65By Sherin Elizabeth Varghese and Pablo Sinha Oct 13 (Reuters) - Gold notched another record high on Monday, as renewed U.S.-China trade tensions sent investors flocking to safe-ha...Reuters
Mon, Oct 13
Serbia will protect its interests regarding NIS oil company, president says
BELGRADE, Oct 13 (Reuters) - Serbia will do everything it can to protect its interests in the face of U.S. sanctions against Serbia-based, Russia-owned oil company NIS NIIS.BEL, its president Aleksandar Vucic said on Monday.Washington announced sanctions in January against NIS, Serbia's biggest ...Reuters
Mon, Oct 13
US natgas prices ease to two-week low on ample storage and mild weather
March-April futures spread hits record low, indicating supply confidenceCove Point LNG export plant back in serviceWaha Hub prices fall below zero again due to pipeline maintenanceLNG export feedgas on track to hit monthly record highGas storage levels 4% above normal for this time of yearBy Scott D...Reuters
Mon, Oct 13
Warburg Pincus to buy Germany's PSI for over 700 million euros
PSI shares jump 35% to highest level since January 2022Warburg Pincus to maintain PSI's management structure E.ON to retain stake and support PSI as strategic investor Oct 13 (Reuters) - Private equity firm Warburg Pincus has struck a deal to buy Germany's PSI Software for more than 700 m...Reuters
Mon, Oct 13
CBOT Trends-Wheat down 2-4 cents, corn mixed, soybeans up 2-4 cents
CHICAGO, Oct 13 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday.NOTE: The U.S. government remains shut down, suspending many government reports. Additionally, some offices and banks ar...Reuters
Mon, Oct 13
Citadel to acquire leading German power trader FlexPower
BERLIN, Oct 13 (Reuters) - Investment firm Citadel said on Monday that it had agreed to acquire 100% of Hamburg-based power trading firm FlexPower.The move comes after Miami, Florida-based Citadel acquired Japanese power wholesaler Energy Grid in 2024 and built out a new trading base in Australia in...Reuters
Mon, Oct 13
From Gold to Silver: Risk-Off Sentiment Surges — When Will the Silver Rally Peak?
TradingKey - Amid uncertainty surrounding Trump’s proposed tariffs, investors continue to flock to precious metals for safety. As of this report, gold has hit a new record high at $4,075 per ounce, with an intraday peak of $4,085.16. Meanwhile, silver has surged to $51.55 per ounce — its highest lev
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
Mon, Oct 13
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
Mon, Oct 13
Berkshire Hathaway Energy Cove Point LNG export plant in Maryland back in service
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.The amount of natural gas fl...Reuters
Mon, Oct 13
GRAINS-Soybeans steady as Trump's comments calm market amid US-China trade tensions
By Michael Hogan HAMBURG, Oct 13 (Reuters) - Chicago soybean futures firmed on Monday, as U.S. President Donald Trump's weekend comments calmed markets after trade tensions between the United States and China had triggered a sharp decline in the previous session. Wheat was burdened by la...Reuters
Mon, Oct 13
FACTBOX-BofA hikes gold price forecast to $5,000/oz for 2026
Oct 13 (Reuters) - Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of around $4,400.Gold surged above $4,000 an ounce for the first time ever on October 8. Gold prices scaled to another re...Reuters
Mon, Oct 13
Trump says Gaza deal came as war was getting 'bad and heated'
Oct 13 (Reuters) - U.S. President Donald Trump said on Monday that a Gaza deal recently agreed between Israel and Hamas was timely, as Israel's military operations were becoming "bad and heated.""I said, Bibi, you're going to be remembered for this far more than if you kept this ...Reuters
Mon, Oct 13
RPT-BREAKINGVIEWS-US-China tensions want for a circuit breaker
By Robyn Mak HONG KONG, Oct 13 (Reuters Breakingviews) - The truce between the United States and China always looked too good to last. What's surprising is how quickly it has fallen apart. The world's two largest economies are not holding back in showcasing their leverage over one another...Reuters
Mon, Oct 13
OPEC holds oil demand outlook, points to smaller 2026 supply deficit
By Alex Lawler LONDON, Oct 13 (Reuters) - OPEC made no changes on Monday to its relatively high global oil demand growth forecasts for this year and next, and implied the oil market will see a much smaller supply deficit in 2026 as the wider OPEC+ group pushes ahead with output increases. OPEC+ i...Reuters
Mon, Oct 13
Eni plans to launch Petronas gas joint venture in 2026
LONDON, Oct 13 (Reuters) - Eni ENI.MI is aiming to get its gas joint venture with Malaysia's Petronas up and running some time next year, Guido Brusco, the Italian oil major's global natural resources chief operating officer, said on Monday.Both firms announced earlier this year they were pr...Reuters
Mon, Oct 13
Berkshire Hathaway Energy Cove Point LNG export plant in Maryland back in service
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.Reuters
Mon, Oct 13
The gilded refuge: uncertainty forges our new $5,000/oz Gold outlook – Société Générale
All that glitters is fear: Gold’s ascent toward $5,000/oz seems increasingly inevitable: Last week, Gold prices reached $4,042/oz, just $276/oz below the bullish $4,318/oz Q426 forecast published just one month ago. As of this morning, prices have risen to $4,072/oz.Fxstreet
Mon, Oct 13
