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Gold Price Rebounds Strongly to $4,700 Mark. But March Still Records Significant Pullback
TradingKey - During Wednesday’s Asian trading session, international gold prices surged, breaking through the $4,700 threshold intraday to reach a new periodic rebound high. This followed signals from both the U.S. and Iran expressing a willingness to end the conflict. Driven by this, capital flowed back into risk assets, while gold, which experienced a sharp decline in March, also recorded synchronized gains.
TradingKey
2 hours ago
ROI-Iran war is both a boost and a threat to Australia's LNG: Russell
By Clyde Russell SYDNEY, April 1 (Reuters) - The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Aus...Reuters
11 minutes ago
South Korea, Indonesia sign agreements on minerals, tech and finance during Prabowo visit
SEOUL, April 1 (Reuters) - South Korean President Lee Jae Myung held summit talks in Seoul on Wednesday with Indonesian leader Prabowo Subianto, where they agreed to expand cooperation on critical minerals, technology, and clean energy, Seoul's presidential Blue House said.The agreements also in...Reuters
38 minutes ago
India grants temporary customs duty relief for SEZ goods sold domestically
NEW DELHI, April 1 (Reuters) - India will grant a temporary customs duty relief for goods manufactured in special economic zones (SEZs) and sold in the domestic market, according to a government notice dated Tuesday.The lowered duty rates will range between 5% to 12.5% across industries, with levies...Reuters
53 minutes ago
GRAINS-Corn rises for second session on outlook for lower US planting
US farmers to plant less corn due to higher fertilizer pricesWheat market supported by dry weather hitting US winter cropBy Naveen Thukral SINGAPORE, April 1 (Reuters) - Chicago corn futures gained more ground on Wednesday, supported by robust demand and expectations that U.S. farmers will plant ...Reuters
an hour ago
METALS-Copper rises to two-week high on hopes for end to Iran war
April 1 (Reuters) - Copper rose to two-week highs on Wednesday, as investors are betting on signs of de-escalation in the ongoing war in the Middle East.The benchmark three-month copper on the London Metal Exchange CMCU3 rose 1.03% to $12,463 a metric ton as of 0243 GMT after hitting $12,414, the hi...Reuters
an hour ago
PRECIOUS-Gold ticks up as dollar slips on Mideast de-escalation hopes
Trump says US could end Iran war within two to three weeksTrump to address nation on Iran at 9 pm on Wednesday Gold rises to its highest level since March 20Dollar falls 0.2% on Iran de-escalation hopesBy Noel John April 1 (Reuters) - Gold prices edged higher on Wednesday to their highest in near...Reuters
2 hours ago
Kuwait says Iran drone attack sets airport fuel tanks ablaze, no casualties
April 1 (Reuters) - An Iranian drone attack struck fuel tanks at Kuwait International Airport on Wednesday, sparking a massive fire but causing no casualties, Kuwait's state news agency KUNA said.The latest of several attacks on the airport and fuel storage there came as the U.S.-Israeli war on ...Reuters
2 hours ago
Asia barters for scarce energy as Iran crisis throttles supplies
Indonesia, India seek energy swap deals with JapanChina export ban hastens hunt for alternative suppliers South Korea, Sri Lanka turn to Russia for relief'Frenzied' search for fuel looms, New Zealand official says By Kentaro Okasaka, Uditha Jayasinghe and Lucy Craymer TOKYO/COLOMBO/WEL...Reuters
2 hours ago
Rubio says Venezuela will ultimately need transition phase, free elections
By Kanishka Singh WASHINGTON, March 31 (Reuters) - U.S. Secretary of State Marco Rubio on Tuesday said there will have to be a transition phase in Venezuela and the country will need free and fair elections, though he added that there needs to be patience until that point is reached."Ultimate...Reuters
2 hours ago
Kuwait says Iran drone attack sets ablaze airport fuel tanks
April 1 (Reuters) - An Iranian drone attack targeted fuel tanks at Kuwait's international airport, sparking a large fire but causing no casualties, Kuwaiti state news agency KUNA said on Wednesday.Emergency teams rushed to the site, but initial reports showed only material damage at the facil...Reuters
2 hours ago
PRECIOUS-Gold ticks up on weaker dollar, Mideast de-escalation hopes grow
April 1 (Reuters) - Gold prices rose on Wednesday to their highest in nearly two weeks, supported by a weaker dollar as U.S. President Donald Trump said the war with Iran could wind down within weeks. FUNDAMENTALSSpot gold XAU= rose 0.7% to $4,700.41 per ounce by 0109 GMT, its highest level since Ma...Reuters
3 hours ago
Front-month Brent oil futures extend gains after record monthly rise in March
By Colleen Howe BEIJING, April 1 (Reuters) - Oil prices ticked up in early Wednesday trade, with Brent front-month futures extending a record March rally as Middle East volatility kept markets jittery, despite reports that the U.S. and Iran may be edging closer to a negotiated end to the war.The ...Reuters
4 hours ago
Tanker hit by projectile off Qatar, crew safe, UKMTO says
April 1 (Reuters) - A tanker was hit by an unknown projectile about 17 nautical miles north of Qatar's Doha, causing damage to the hull above the waterline, the United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday, adding that the vessel's crew were safe.There is no environment...Reuters
4 hours ago
GRAINS-Corn rises for 2nd session on outlook for lower U.S. planting
SINGAPORE, April 1 (Reuters) - Chicago corn futures gained more ground on Wednesday, supported by robust demand and expectations that U.S. farmers will plant fewer acres this spring, tightening supply prospects.Wheat rose on worries about dryness hurting the U.S. winter crop. FUNDAMENTALSThe mos...Reuters
4 hours ago
Brazil's Petrobras plans 55% hike in jet fuel prices, airline says
SAO PAULO, March 31 (Reuters) - Abra Group, the holding company that controls airline Gol GOLL54.SA, said on Tuesday that Brazilian state-run oil firm Petrobras PETR3.SA will raise jet fuel prices by about 55% starting April 1.The move follows higher global oil prices linked to the U.S.-Israeli war ...Reuters
5 hours ago
Microsoft, Chevron and Engine No. 1 sign exclusive deal for power supply
March 31 (Reuters) - Microsoft MSFT.O, Chevron CVX.N and investment fund Engine No. 1 have entered into an exclusivity agreement for power generation and supply, the three companies said on Tuesday. Technology companies, including Microsoft, are rushing to secure electricity supply for their rap...Reuters
5 hours ago
Chevron, Microsoft, Engine No. 1 Entered Into Agreement Related To Proposed Power Generation & Electricity Offtake Arrangement
March 31 (Reuters) - Chevron Corp CVX.N:CHEVRON: MICROSOFT, CO, ENGINE NO. 1 ENTERED INTO AGREEMENT RELATED TO PROPOSED POWER GENERATION AND ELECTRICITY OFFTAKE ARRANGEMENTCHEVRON ON AGREEMENT: NO COMMERCIAL TERMS HAVE BEEN FINALIZED, THERE IS NO DEFINITIVE AGREEMENT AT THIS TIMESource text: [ID:]Reuters
5 hours ago
