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Gold Surges Past $3,800 to Record High as Fed Rate Cuts Meet Government Shutdown Gray Rhino
TradingKey - After six consecutive weeks of gains, gold prices continue to climb, breaking through the psychological $3,800 per ounce barrier for the first time in history. The rally is being driven not only by expectations of Federal Reserve rate cuts and a weakening dollar, but also by mounting
BP greenlights $5 billion Tiber-Guadalupe drilling project in US Gulf
By Sheila Dang HOUSTON, Sept 29 (Reuters) - British oil major BP BP.L said on Monday it will move ahead with a $5 billion offshore drilling project in the U.S. Gulf of Mexico called Tiber-Guadalupe, marking another step in the company's strategy shift to refocus on its core oil and gas busine...Reuters
Mon, Sep 29
PRECIOUS-Gold vaults past $3,800/oz to record high as rate-cut hopes add luster
Sept 29 (Reuters) - Gold surged above $3,800 an ounce for the first time on Monday, driven by investor demand amid growing expectations of further interest rate cuts by the U.S. Federal Reserve this year, while a weaker dollar lent additional support to the precious metal.Spot gold XAU= gained 1.1%Reuters
Mon, Sep 29
TECHNICALS-CBOT soybeans remains neutral in $10.05 to $10.16-3/4 range
For more technical analyses, please click SINGAPORE, Sept 29 (Reuters) - The CBOT soybean November contract SX25 remains neutral in a range of $10.05 to $10.16-3/4 per bushel, and an escape could suggest a direction.A break below $10.50 could confirm a continuation of the downtrend towards $9.95-1/4...Reuters
Mon, Sep 29
TotalEnergies to sell 50% of solar portfolio in North America
Sept 29 (Reuters) - TotalEnergies TTEF.PA will sell 50% of a solar portfolio in North America to KKR KKR.N, the energy group said on Monday.The group said in a statement it will receive a total of $950 million for the sale.Reuters
Mon, Sep 29
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $65.09 per barrel, up from Friday’s close at $65.00.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $68.70.
Fxstreet
Mon, Sep 29
Grasberg disaster highlights fragility of copper supply chain
LONDON, Sept 29 (Reuters) - The copper market is long accustomed to unexpected supply hits but the catastrophic events at Freeport-McMoRan's FCX.N Grasberg mine in Indonesia are unprecedented in terms of scale and potential impact.Reuters
Mon, Sep 29
Poland - Factors to Watch September 29
WARSAW, Sept 29 (Reuters) - The following are significant news stories, press reports and events on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):WARSAW SECURITY FORUMThe Warsaw Security Forum (WSF) will take place on Monday, with Polish Prime Minister Donald Tusk and Minister of National Defence Wl...Reuters
Mon, Sep 29
TABLE-North Sea gas maintenance schedule: Adds Atwick outage
Sept 29 (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.OPERATORLOCATIONOUTA...Reuters
Mon, Sep 29
GRAINS-Soybeans fall on US harvest pressure, dismal exports prospects
Soybeans down as US harvest, lack of Chinese demand weighChicago corn almost flat, market eyes weekly harvest report By Naveen Thukral SINGAPORE, Sept 29 (Reuters) - Chicago soybeans slid on Monday, starting the week on a bearish note as seasonal harvest pressure in the United States and China...Reuters
Mon, Sep 29
PRESS DIGEST-British Business - September 29
Sept 29 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Petrochemicals conglomerate Ineos is expected to postpone dividends for five years to focus on delever...Reuters
Mon, Sep 29
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 29 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$68.94/$68.37res $69.64/$70.07/$70.44Palm oil (3rd month)4,366/4,342 ringgitres 4,429/4,457 ringgitWTI* (1st month)$64.66/$64.33res $65.57/$65.87Spot gold$3,793/$3,82...Reuters
Mon, Sep 29
GRAINS-Soybeans fall on US harvest pressure, dismal exports prospects
SINGAPORE, Sept 29 (Reuters) - Chicago soybeans slid on Monday, starting the week on a bearish note as seasonal harvest pressure in the United States and China's absence from the market weighed on prices.Corn futures also fell in early Asian trade, while wheat was largely unchanged.FUNDAMENTALS*...Reuters
Mon, Sep 29
Toyota workers in Brazil approve temporary layoff plan, union says
SAO PAULO, Sept 28 (Reuters) - Workers for Toyota 7203.T in Brazil voted overwhelmingly on Sunday to approve a plan for temporary layoffs following storm damage to one of the Japanese carmaker's factories in the state of Sao Paulo, according to a statement from the workers union.Reuters
Mon, Sep 29
Gold Price Forecast: XAU/USD extends upside above $3,750 as Fed rate cut hopes intact
Gold price (XAU/USD) extends the rally to around $3,770 during the early Asian session on Monday. The precious metal edges higher after the US inflation data came in line with expectations, reinforcing bets that the US Federal Reserve (Fed) may continue with interest rate cuts later this year.Fxstreet
Mon, Sep 29
US sanctions on Serbia's Russian-owned oil company NIS postponed, Tanjug news agency reports
BELGRADE, Sept 28 (Reuters) - U.S. sanctions on Serbia's Russian-owned NIS NIS.BEL oil company that were supposed to take effect on October 1 will be postponed for eight days, Tanjug news agency reported, quoting President Aleksandar Vucic. The U.S. Treasury's Office of Foreign Assets Contro...Reuters
Sun, Sep 28
