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USD extends gains as Gold surges past $4,000 – BBH
US Dollar (USD) is extending its advanced against most currencies, eyeing the upper bound of its range dating back to June. Treasuries are pushing higher, US equity futures are up, and gold prices soared above $4000 per ounce for the first time ever, BBH FX analysts report.
Fxstreet
Wed, Oct 8
Weight-loss drugs and MAHA are hammering US sugar beet farmers
Sugar beet prices are down more than 30% as US consumption declinesInflation, the popularity of GLP-1 weightloss drugs, and the MAGA movement hit consumptionFarmers of sugar beets, usually a safe crop, are relying on farm aid to make ends meetBy Karl PlumeCHICAGO, Oct 8 (Reuters) - For years, sugar ...Reuters
Wed, Oct 8
Anglo CEO still sees future in Africa despite shrinking footprint
Oct 8 (Reuters) - Anglo American AAL.L still considers Africa to be part of its future due to its critical mineral resources, despite the mining company's recent restructuring and disposal of assets there, CEO Duncan Wanblad said on Wednesday.Anglo American has exited its coal and platinum opera...Reuters
Wed, Oct 8
Iraq, Exxon to sign Majnoon oil field agreement Wednesday, sources say
BAGHDAD, Oct 8 (Reuters) - Iraq and Exxon Mobil XOM.N will sign an agreement on Wednesday to manage, develop, and operate Majnoon oil field in southern Iraq, three Iraqi official sources with knowledge of the matter told Reuters.The agreement will also include upgrading Iraqi oil export infrastructu...Reuters
Wed, Oct 8
UK seeks clarification on EU steel quotas as industry warns of crisis
EU market accounts for 78% of UK steel exportsUK industry warns of crisis without exemptionsUK PM says discussing issue with the EU By Alistair Smout LONDON/MUMBAI, Oct 8 (Reuters) - Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission, as t...Reuters
Wed, Oct 8
METALS-Copper ekes out gains as supply worries counter stronger dollar
By Brijesh Patel Oct 8 (Reuters) - Copper prices traded slightly higher after early losses on Wednesday, as concerns over supply disruptions offset the pressure from a rising U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 was up 0.1% at $10,768 per metric ton by 0713 GMT. The d...Reuters
Wed, Oct 8
Teck Resources cuts copper production guidance at flagship Chilean mine QB
Oct 8 (Reuters) - Canadian miner Teck Resources Limited TECKb.TO on Wednesday cut its copper production forecast at its flagship Quebrada Blanca (QB) mine in Chile through 2028, following a company-wide operations review and its merger with Anglo American AAL.L. Its 2026 copper out...Reuters
Wed, Oct 8
PRECIOUS-Gold smashes $4,000 milestone for first time in record run
Gold up 53% so far this yearTraders price in 25 bp Fed rate-cut this monthSilver, platinum up over 1% each; palladium rises over 3%By Brijesh Patel and Anushree Mukherjee Oct 8 (Reuters) - Gold extended its historic rally to break above $4,000 an ounce for the first time on Wednesday, as investor...Reuters
Wed, Oct 8
Australia's Lynas partners with Noveon for rare earth magnets supply to US
Oct 8 (Reuters) - Australia's Lynas Rare Earths LYC.AX has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare earth permanent magnets to defence and commercial sectors in the U.S., the two companies said on Wednesday.The deal includes provision of both light and heavy rare ea...Reuters
Wed, Oct 8
TABLE-UAE's Fujairah oil inventory data for week ended October 6
Oct 8 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended October 6, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Oct 8
Gold's rush to record heights propelled by global anxieties
Gold hits major psychological mark of $4,000/ozInvestors seek protection from a mix of asset risks Gold, other precious metals benefit from thisGold rally seen extending into 2026By Polina Devitt LONDON, Oct 8 (Reuters) - Anxieties over global geopolitical and economic risks are the biggest drive...Reuters
Wed, Oct 8
TABLE-North Sea gas maintenance schedule: Revises Bacton outage
Oct 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Wed, Oct 8
Lynas Partners With Noveon Magnetics To Advance U.S. Rare Earth Magnet Supply Chain
Oct 8 (Reuters) - Lynas Rare Earths Ltd LYC.AX:NOVEON MAGNETICS AND LYNAS RARE EARTHS PARTNER TO ADVANCE U.S. RARE EARTH MAGNET SUPPLY CHAINCOMPANIES WILL COLLABORATE TO DEVELOP A RARE EARTH VALUE CHAIN IN U.S.SCOPE OF AGREEMENT INCLUDES PROVISION OF BOTH LIGHT RARE EARTH AND HEAVY RARE EARTH MATERI...Reuters
Wed, Oct 8
WTI extends upside to near $62.00 as OPEC+ signals cautious production hike
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.95 during the early European trading hours on Wednesday. The WTI extends the rally after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) opt for a modest production increase.Fxstreet
Wed, Oct 8
Australia's Lynas partners with Noveon to supply rare-earth magnets to the US
Oct 8 (Reuters) - Australia's Lynas Rare Earths LYC.AX has partnered with U.S.-based manufacturer Noveon Magnetics to supply rare-earth permanent magnets to defense and commercial sectors in the U.S., the two companies said on Wednesday.Reuters
Wed, Oct 8
