News
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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
NATO to start annual nuclear drill Steadfast Noon next week
BRUSSELS, Oct 10 (Reuters) - NATO's annual nuclear deterrence exercise, Steadfast Noon, will be hosted by the Netherlands and start next week, with 71 aircraft from 14 nations taking part, officials from the Western military alliance said on Friday.The exercise "sends a clear signal to any p...Reuters
Fri, Oct 10
Trump proposes barring Chinese airlines from flying over Russia on US routes
Chinese airlines benefit from reduced flight time and fuel burn using Russian airspaceUS carriers have not been allowed to fly over Russia since 2022 Cargo-only flights not included in US proposal By David Shepardson and Lisa Barrington WASHINGTON, Oct 9 (Reuters) - The Trump administration on Th...Reuters
Fri, Oct 10
NATO to start annual nuclear exercise Steadfast Noon on October 13
BRUSSELS, Oct 10 (Reuters) - NATO's annual nuclear deterrence exercise, Steadfast Noon, will begin on October 13, Secretary General Mark Rutte said on Friday. Rutte said the exercise helps ensure NATO's nuclear deterrent remains credible, safe, secure and effective, adding it sends a clear s...Reuters
Fri, Oct 10
PRECIOUS-Gold hits pause on record run; but eyes eighth weekly gain
Gold headed for weekly gain of 2.2%Gold is in a secular bull market, analyst saysIsrael ratifies ceasefire agreement with Hamas on FridaySilver hovers below record high of $51.22/oz hit on ThursdayBy Anmol Choubey Oct 10 (Reuters) - Gold prices edged lower on Friday as investors booked profits fo...Reuters
Fri, Oct 10
Trustee of India's Tata charity arm calls internal disagreements 'unprecedented'
By Aditya Kalra NEW DELHI, Oct 10 (Reuters) - A trustee of Tata Group's charity arm has said its decision to vote him off the board of the $180-billion business empire it controls was "unprecedented" and signals a "different era", in the biggest boardroom rift to shake India I...Reuters
Fri, Oct 10
Greece seeks to finalise Chevron gas exploration contract this year, says minister
ATHENS, Oct 10 (Reuters) - Greece is working hard to finalise a contract with U.S. oil major Chevron CVX.N and its Greek partner Helleniq Energy HEPr.AT for energy exploration offshore Greece by the end of the year, the country's energy minister said on Friday.Chevron and Greece's biggest oi...Reuters
Fri, Oct 10
China pledges to protect its firms after US sanctions on oil refinery
BEIJING, Oct 10 (Reuters) - China said on Friday that it would take necessary measures to protect the legitimate rights of Chinese enterprises and citizens in response to U.S. sanctions related to Iran's oil trade that targeted a Chinese refinery.China urges the United States to stop resorting t...Reuters
Fri, Oct 10
China to hit US ships with additional port fees from October 14
BEIJING, Oct 10 (Reuters) - Vessels owned or operated by U.S. firms and individuals - or those built in the United States or that fly the U.S. flag - will be charged additional port fees per voyage starting on October 14, China's transport ministry said on Friday. The fees are a counter-measure ...Reuters
Fri, Oct 10
Gold and Silver Retreat from Key Levels — But Analysts Stand Firm: This Is Not a Stock-Style Bubble
TradingKey - Gold and silver prices surged to historic highs this week before sharply pulling back — but the retreat has not derailed broader bullish sentiment. Analysts say the move reflects a healthy correction, with strong demand from retail investors and central banks confirming that thePRECIOUS-Gold heads for eighth weekly gain on strong safe-haven demand
Gold headed for weekly gain of 2.2%Silver slips from record high of $51.22 hit on ThursdayIsrael ratifies ceasefire agreement with Hamas on FridayBy Ishaan Arora Oct 10 (Reuters) - Gold prices held steady below the crucial $4,000-an-ounce level on Friday, set for an eighth consecutive weekly gain...Reuters
Fri, Oct 10
Ukraine's top general says Ukraine struck Russian territory 70 times last month
KYIV, Oct 10 (Reuters) - Ukraine's top general said Ukraine struck Russian territory 70 times last month."We are destroying the production of fuels and lubricants, explosives, and other components of the Russian military-industrial complex in the aggressor country," Oleksandr Syrskyi wro...Reuters
Fri, Oct 10
