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Gold extends losses as Fed hawkish outlook weighs
Gold (XAU/USD) extends its decline on Thursday, slipping to over a one-month low as shifting near-term macroeconomic dynamics overshadow its traditional safe-haven appeal, despite heightened geopolitical tensions from the ongoing US-Israel war with Iran.
Fxstreet
Thu, Mar 19
Silver Drops Below 70 Mark. Precious Metals Under Collective Pressure, Liquidity Preference Dominates Market
TradingKey - The precious metals market continues to weaken as silver broke below the key 70 mark intraday, hitting a periodic low. Following the pullback in gold, silver's losses further widened, signaling a clear divergence within safe-haven assets.
TradingKey
Thu, Mar 19
RPT-BREAKINGVIEWS-Latest oil crisis readies hammer for demand curve
By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) - It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region's latest crisis persi...Reuters
Thu, Mar 19
IEA chief meets Chinese diplomat in Paris to discuss oil market stability
PARIS, March 19 (Reuters) - The International Energy Agency chief, Fatih Birol, said on Thursday he had discussed international cooperation to stabilise global oil markets for the benefit of all countries with China's ambassador to France, Deng Li, at the agency's headquarters in Paris.IEA c...Reuters
Thu, Mar 19
Electra Provides Construction Progress Update On North America’S Only Cobalt Sulfate Refinery
March 19 (Reuters) - Electra Battery Materials Corporation ELBM.V:ELECTRA PROVIDES CONSTRUCTION PROGRESS UPDATE ON NORTH AMERICA’S ONLY COBALT SULFATE REFINERYELECTRA BATTERY MATERIALS CORPORATION - MECHANICAL COMPLETION OF COBALT SULFATE REFINERY TARGETED FOR Q2 2027Reuters
Thu, Mar 19
CK Hutchison says still in talks over ports assets sale
Legal conflict with Panama complicates ports sale talks2025 underlying profit rises 7% despite challengesNo decision on telecoms and retail unit transactionsBy Clare Jim and Donny Kwok HONG KONG, March 19 (Reuters) - CK Hutchison said on Thursday it remained in talks with a consortium to sell the...Reuters
Thu, Mar 19
PRECIOUS-Gold falls to over one-month low on stronger dollar, hawkish Fed tone
Fed, BoC, and BoJ keep interest rates on hold amid inflation concernsECB expected to hold interest rates steady Oil rises over $115 a barrel after Iran strikes Middle East energy facilitiesBy Pablo Sinha March 19 (Reuters) - Gold prices fell to their lowest level in more than a month on Thursday...Reuters
Thu, Mar 19
CORRECTED-Signet Q4 revenue slightly beats estimates
OverviewUS jewelry retailer's Q4 revenue slightly beat analyst expectations, adjusted EPS beat estimatesQ4 operating income missed analyst estimates, reflecting modest merchandise margin decline and fixed cost deleverageCompany raised quarterly dividend nearly 10% and repurchased $27 mln shares ...Reuters
Thu, Mar 19
Kenya revives stalled China-backed railway after six-year halt
Extension lacked funding, took more than six years to kick offKenya using securitisation of revenue, joint projects with Chinese firmsRailway line has been viewed as a symbol of Beijing's 'Africa debt trap' China's CRBC is the main contractor for rail extension By Duncan Miriri NA...Reuters
Thu, Mar 19
Freeport to seek permit for $7.5 billion mine expansion, Chilean media reports
SANTIAGO, March 19 (Reuters) - U.S. miner Freeport-McMoRan is due to begin the process of obtaining an environmental permit for a $7.5 billion expansion of its El Abra copper mine in Chile, newspaper Diario Financiero reported late Wednesday.Reuters
Thu, Mar 19
MSC to buy 50% stake in tanker giant Sinokor, Cypriot filing shows
LONDON, March 19 (Reuters) - Container shipping giant Mediterranean Shipping Company is to buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus.After the acquisition MSC will jointly control Sinokor with Mr. Ga-Hyun Chung, who holds the entire share capital of ...Reuters
Thu, Mar 19
RPT-ROI-Iran war leaves deep, costly scar on Mideast energy: Bousso
By Ron Bousso LONDON, March 19 (Reuters) - The Iran war has shattered the fragile coexistence among Gulf energy producers that long underpinned regional stability. Oil and gas markets will now carry a higher Middle East risk premium for years — if not decades.Now in its third week, the conflict h...Reuters
Thu, Mar 19
Russia says increased Ukrainian attacks threaten gas export routes
MOSCOW, March 19 (Reuters) - The Kremlin on Thursday condemned what it called an intensification of Ukrainian attacks on Gazprom gas compressor stations serving two major pipelines, saying such incidents threatened critical infrastructure and international energy routes.Gazprom said earlier that att...Reuters
Thu, Mar 19
ADNOC CEO says regional energy infrastructure, including ADNOC’s, targeted in attacks
DUBAI, March 19 (Reuters) - ADNOC Group Chief Executive Sultan Al Jaber said on Thursday that critical energy infrastructure across the region, including that of ADNOC in the United Arab Emirates, has come under attack. "This is an unjustified, unprovoked and illegal attack on a peaceful nation,...Reuters
Thu, Mar 19
Saudi port of Yanbu resumes oil loadings, two sources say
By Siyi Liu March 19 (Reuters) - Saudi oil loadings sent to the Red Sea port of Yanbu resumed after a brief halt that sent oil prices surging, two sources told Reuters on Thursday. Loadings were halted after staff had been evacuated, one of the sources said, after a drone crashed at Sau...Reuters
Thu, Mar 19
EU leaders seek quick fixes to energy price surge from Iran war
EU exposed to price surges by reliance on imported energy No magic solution' to reduce prices, one diplomat saysDivisions over weakening EU carbon market to cut costs By Kate Abnett BRUSSELS, March 19 (Reuters) - European Union leaders were seeking quick fixes at a summit on Thursday to curb ...Reuters
Thu, Mar 19
Italy to spend 417 million euros to cut excise duties on fuels, decree shows
ROME, March 19 (Reuters) - Italy has set aside some 417.4 million euros ($478 million) to cut excise duties on fuels until April 7, a decree approved by the cabinet late on Wednesday showed, as Rome struggles to find ways to help families and firms cope with high energy costs.Published in the Offici...Reuters
Thu, Mar 19
