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Silver Price Forecast: XAG/USD remains above $115.00 due to safe-haven demand
Silver price (XAG/USD) continues its winning streak for the fifth consecutive session, trading around $115.10 per troy ounce during the early European hours on Wednesday. Safe-haven silver rises toward its January 26 record high of $117.74 as investors shifted into defensive assets.
Fxstreet
Wed, Jan 28
FACTBOX-More than 400,000 US customers still without power as winter storm freezes much of the US
Jan 27 (Reuters) - A severe winter storm that brought heavy snow, sleet and freezing rain has left more than 400,000 homes and businesses without power across a swath of the U.S., from the Ohio Valley and mid-South region to New England. The hardest-hit utilities included Nashville Elec...Reuters
Wed, Jan 28
PRECIOUS-Gold's blistering rally continues past $5,200 as dollar plunges
Gold sets record high at $5,266.37/ozTrump says value of dollar is 'great', currency hits 4-year low Federal Reserve policy meeting concludes later todayBy Ishaan Arora Jan 28 (Reuters) - Gold broke through $5,200 for the first time on Wednesday, as the dollar plunged to a near four-year ...Reuters
Wed, Jan 28
Kazakhstan aims to bring Tengiz oil output to normal levels within a week, energy minister said
ASTANA, Jan 28 (Reuters) - Kazakh Energy Minister Erlan Akkenzhenov said on Wednesday that the country's oil output had decreased by roughly 900,000 tons due to a production halt at the Tengiz and Korolev oilfields, with the country aiming to bring output back to normal levels of 900,000 barrels...Reuters
Wed, Jan 28
Exxonmobil LNG Exec Says Had Very Significant Increase In Prices That Held Back Demand Growth
Jan 28 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL LNG EXEC: BULLISH ABOUT DEMAND FOR LNG FOR THE COMING DECADEEXXONMOBIL LNG EXEC: OUR FORECAST BETWEEN NOW AND 2050 WILL DOUBLE FOR LNG DEMAND IN MARKETEXXONMOBIL LNG EXEC: INTERNATIONAL LNG SPOT PRICES HAVE MODERATED THIS WINTEREXXONMOBIL LNG EXEC...Reuters
Wed, Jan 28
PRESS DIGEST-Wall Street Journal - January 28
Jan 28 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- SoftBank 9434.T is in talks to invest up to $30 billion more in OpenAI, adding to the Japanese conglomerate's already large stake in the...Reuters
Wed, Jan 28
RPT-ROI-Zinc market continues to defy bear expectations: Andy Home
By Andy Home LONDON, Jan 27 (Reuters) - Zinc failed to perform to script last year and the galvanising metal continues to surprise in the first days of 2026. A market that was supposed to transition to oversupply in 2025 was instead rocked by a ferocious squeeze in October and is this week tradin...Reuters
Wed, Jan 28
Kazakhstan likely to fall within OPEC+ quotas due to oil output decline, energy minister says
ASTANA, Jan 28 (Reuters) - Kazakhstan's energy minister said on Wednesday that the Central Asian country is likely to be within the OPEC+ quotas due to an oil output decline.OPEC+ is expected to keep its pause on oil output increases for March at a meeting on Sunday, amid rising prices due to a ...Reuters
Wed, Jan 28
Kazakhstan calls report of its win in Karachaganak case 'very positive' news
ASTANA, Jan 28 (Reuters) - Kazakhstan's Minister of Energy Yerlan Akkenzhenov said on Wednesday media reports that an international consortium developing the Karachaganak field had lost an arbitration case brought by Kazakhstan's government was "very good and very encouraging news". ...Reuters
Wed, Jan 28
METALS-Copper climbs as dollar hits multi-year lows; aluminium surges on weak stock
Jan 28 (Reuters) - Copper climbed on Wednesday after the U.S. dollar slid to its weakest in nearly four years, while aluminium also surged.The most active copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 rose 0.72% to 103,510 yuan ($14,902.96) a metric ton as of 0330 GMT.The benchmark ...Reuters
Wed, Jan 28
PRECIOUS-Gold's blistering rally continues past $5,200 as dollar plunges to 4-year low
Gold sets record high at $5,247.21/ozUS dollar sinks to four-year lowsTrump brushes off dollar weakness, calling it "great"By Ishaan Arora Jan 28 (Reuters) - Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near fo...Reuters
Wed, Jan 28
WTI edges higher above $62.50 on US winter storm supply disruptions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.65 during the Asian trading hours on Wednesday. The WTI price edges higher amid concerns over US production losses brought on by the winter storm.
Fxstreet
Wed, Jan 28
ADM to pay $40 million in US SEC settlement, avoids criminal charges
SEC fines ADM $40 million after accounting investigationDOJ closes related criminal probe without charges, ADM saysSEC sues former CFO Vikram Luthar for fraudulent conductBy Karl Plume and Chris Prentice WASHINGTON, Jan 27 (Reuters) - Grain trader Archer-Daniels-Midland Company ADM.N has agreed t...Reuters
Wed, Jan 28
TECHNICALS-US oil may test resistance at $62.91
For more technical analyses, click SINGAPORE, Jan 28 (Reuters) - U.S. oil CLc1 may test resistance at $62.91 per barrel, a break above which could open the way towards the $63.32 to $63.56 range.The contract has climbed above a rising channel. A duplicated channel suggests a target of $64.62, which ...Reuters
Wed, Jan 28
ANALYSIS-China to favour Brazilian soybean imports in H1 despite renewed US inflows
China favours Brazilian beans on bumper harvest, cheaper pricesStrong crush margins, soymeal demand underpin H1 soybean demand China takes 12 million tons of US soybeans, more buying uncertainSoybean trade in focus as Trump to visit China in AprilBy Naveen Thukral, Ella Cao and Ana Mano SINGAPORE...Reuters
Wed, Jan 28
Valero restarting FCCU at Port Arthur, Texas refinery, sources say
HOUSTON, Jan 27 (Reuters) - Valero Energy Corp VLO.N was restarting the gasoline-producing fluidic catalytic cracker (FCCU 1241) at its 380,000 barrel-per-day (bpd) Port Arthur, Texas, refinery on Tuesday, said people familiar with plant operations. The 75,000-bpd FCCU shut down over the weekend bef...Reuters
Wed, Jan 28
PRECIOUS-Gold's blistering rally continues past $5,200 as dollar plunges to 4-year low
Gold sets record high at $5,224.95/ozUS dollar sinks to four-year lowsTrump brushes off dollar weakness, calling it "great"By Ishaan Arora Jan 28 (Reuters) - Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near fo...Reuters
Wed, Jan 28
