News
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Gold Reserve moves to disqualify judge, advisers in Citgo parent auction
HOUSTON, Oct 10 (Reuters) - Toronto-listed Gold Reserve GRZ.V has filed motions to disqualify two firms advising a Delaware court in an auction of shares in the parent of Venezuela-owned Citgo Petroleum, as well as a court officer and the judge overseeing the process.The miner, one of 15 creditors l...Reuters
Fri, Oct 10
China allocates funds to support disaster-hit areas in autumn grain harvest, state media says
BEIJING, Oct 10 (Reuters) - China has allocated 484 million yuan ($67.96 million) to support disaster-hit areas in their autumn grain harvest, the national broadcaster CCTV said on Friday.The funds would be used to relieve seven provinces including Hebei, Shanxi and Henan, CCTV said, as wet weather ...Reuters
Fri, Oct 10
Mexico confirms new screwworm case in central Queretaro state
MEXICO CITY, Oct 10 (Reuters) - Mexico's Agriculture Ministry late on Thursday:SAYS IT HAS DETECTED ANOTHER CASE OF SCREWWORM IN CENTRAL QUERETARO STATE- STATEMENTTHE DETECTION OCCURRED DURING AN INSPECTION OF A SHIPMENT OF LIVESTOCK FROM THE SOUTH-SOUTHEAST AND AFFECTED A SINGLE ANIMALSAYS PROT...Reuters
Fri, Oct 10
Comex silver seen heading back to London due to record spot prices
Spot silver hit a record high of $51.22 on ThursdayIndia's Kotak Mahindra temporarily halts new investments in silver ETF amid shortageFocus on US probe into potential tariffs on critical minerals By Ashitha Shivaprasad LONDON, Oct 10 (Reuters) - Silver that flooded into the United States ear...Reuters
Fri, Oct 10
EXCLUSIVE-Provisional administration to restart mining at Barrick Mali gold mine, sources say
Mali appointed administrators amid dispute with BarrickSubcontracters paid after months-long wait, sources sayActivities to remain suspended at open pit mine, one source saysBy Divya Rajagopal and Portia Crowe TORONTO/DAKAR, Oct 10 (Reuters) - Blasting is scheduled to begin at Barrick Mining'...Reuters
Fri, Oct 10
Gold recovers ahead of US sentiment data; bulls defend $3,950 support zone
Gold (XAU/USD) regains upward momentum on Friday following a sharp pullback the previous day after retesting Wednesday’s all-time high of $4,059. At the time of writing, XAU/USD is hovering around $3,990, up nearly 0.30% after rebounding from an intraday low near $3,947.
Fxstreet
Fri, Oct 10
Latest US sanctions on Iranian oil deal blow to China's Sinopec
US sanctions an oil terminal in Shandong for Iranian oil tradeThe sanctioned terminal handles one-fifth of Sinopec crude imports - sourcesSinopec may use alternatives to supply at least two major subsidiary refineries - sourcesSpot VLCC freight rates rise on logistics disruption concerns By Chen Aiz...Reuters
Fri, Oct 10
GRAINS-Soybeans ease on doubts over US-China trade progress
PARIS/CANBERRA, Oct 10 (Reuters) - U.S. soybean futures fell for a second session on Friday as trade restrictions announced by China cooled hopes of a resolution to a standoff with Washington that has halted soybean shipments.Corn and wheat also eased, with a drop in crude oil LCOc1 and a two-month...Reuters
Fri, Oct 10
Silver holds near all-time highs amid safe-haven demand, tightening supply
Silver (XAG/USD) is holding firm on Friday, trading around $50.70 at the time of writing, up 3.20% for the day, near Thursday’s all-time high of $51.24. The grey metal remains driven by persistent safe-haven demand and mounting evidence of supply tightness in global bullion markets.
Fxstreet
Fri, Oct 10
GLOBAL LNG-Asia spot prices gain on colder Europe weather, Russian strikes on Ukraine
By Emily Chow SINGAPORE, Oct 10 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose this week, gaining for the first time in nearly a month, on colder-than-expected weather in Europe and following Russian strikes on Ukrainian gas infrastructure ahead of winter.The average LNG price for...Reuters
Fri, Oct 10
PRECIOUS-Gold eyes eighth weekly gain on safe-haven rush; silver hovers near record
Gold is in a secular bull market, analyst saysIsrael ratifies ceasefire agreement with HamasSilver hovers below record high of $51.22/oz hit on ThursdayBy Anmol Choubey Oct 10 (Reuters) - Gold rebounded from earlier losses on Friday and was on track for an eighth consecutive weekly gain, driven b...Reuters
Fri, Oct 10
Tanker discharges Arctic LNG 2 cargo at Chinese port
SINGAPORE, Oct 10 (Reuters) - A tanker carrying liquefied natural gas from Russia's Arctic LNG 2 project has discharged it at a Chinese port, according to data from analytics firms Kpler and Vortexa, continuing supplies despite Western sanctions against the project.The La Perouse tanker berthed ...Reuters
Fri, Oct 10
Gold Price Forecast: XAU/USD rally hits pause above $4,000 as Israel-Hamas agree to end war
Gold price (XAU/USD) trades 0.4% higher to near $3,995.00 during the European trading session on Friday. The yellow metal stabilized after a corrective move on Thursday, which followed a fresh all-time high of nearly $4,060 posted on Wednesday.Fxstreet
Fri, Oct 10
Rotterdam Port lashers to continue strike for undefined period of time, union says
AMSTERDAM, Oct 10 (Reuters) - Lashers at the port of Rotterdam will continue their strike for an undefined period of time, labour union FNF said on Friday, after they rejected an offer for a wage increase made by the companies involved.The strike has created a growing backlog of container ships that...Reuters
Fri, Oct 10
Copper surges nearly 2% as supply disruptions deepen – ING
LME Copper prices settled almost 2% higher, with prices touching $11,000/t at one point yesterday, after Chinese traders returned from the holiday break in a bullish mood amid ongoing supply disruptions, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Fri, Oct 10
PRECIOUS-Gold eyes eighth weekly gain on safe-haven rush; silver hovers near record
Gold is in a secular bull market, analyst saysIsrael ratifies ceasefire agreement with HamasSilver hovers below record high of $51.22/oz hit on ThursdayBy Anmol Choubey Oct 10 (Reuters) - Gold rebounded from earlier losses on Friday and was on track for an eighth consecutive weekly gain, driven b...Reuters
Fri, Oct 10
According to the EIA, the supply surplus to continue to rise – Commerzbank
But the signs point to a storm: In its latest monthly report, the US Energy Information Administration (EIA) confirmed that the Oil market is currently significantly oversupplied and that the oversupply will even increase into the first quarter of 2026, Commerzbank's commodity analyst Barbara LambreFxstreet
Fri, Oct 10
Venture Global shares slide after BP wins arbitration case over LNG cargoes
Oct 10 (Reuters) - Venture Global shares VG.N slumped 17% in premarket trading on Friday after BP BP.L won its arbitration case against the U.S. supplier over its failure to deliver liquefied natural gas under a long-term supply deal that was due to start in late 2022.The International Chamber of Co...Reuters
Fri, Oct 10
Silver rallies to fresh record highs – Commerzbank
Spot Silver rose for a second consecutive session to fresh record highs yesterday, amid soaring safe-haven asset demand and intensified supply shortages in the London bullion market, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Fri, Oct 10
