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Trump Speech Triggers Sharp Short-Term Gold Volatility, Erasing Over $100 Intraday
TradingKey - During the early Asian session on Thursday (April 2), sentiment in the gold market reversed sharply as U.S. President Trump began delivering a national address regarding the situation in Iran. Previously, bolstered by a weakening U.S. dollar, spot gold had climbed for the fourth consecu
TradingKey
3 hours ago
Gold retreats sharply from two-week top/$4,800 as Trump’s Iran comments boost USD
Gold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.Fxstreet
10 minutes ago
Missile intercepted near KEZAD in Abu Dhabi, minor damage reported, media office says
April 2 (Reuters) - Authorities in Abu Dhabi responded to an incident near Khalifa Economic Zones Abu Dhabi (KEZAD) after air defence systems intercepted a missile, the Abu Dhabi Media Office said on Thursday, adding that there was minor damage and no injuries.Reuters
10 minutes ago
Takeaways from Trump's speech on Iran
By Matt Spetalnick and Humeyra PamukWASHINGTON, April 1 (Reuters) - President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats...Reuters
38 minutes ago
South Korea expects to boost U.S. oil imports as Middle East war disrupts supply, Yonhap says
SEOUL, April 2 (Reuters) - A South Korean trade official said on Thursday the United States accounts for the largest share of replacements for disrupted supplies of crude oil from the Middle East, the Yonhap news agency reported. The proportion of U.S. oil imports, which stood at 16.3% of South Kore...Reuters
42 minutes ago
Australia to offer businesses $693 million in cheap loans to ease fuel cost pressure
By Renju Jose SYDNEY, April 2 (Reuters) - Australia will provide up to A$1 billion ($693 million) in interest-free loans to critical businesses, including transport operators and fertiliser producers, Prime Minister Anthony Albanese said on Thursday, as they struggle with surging fuel costs.The s...Reuters
48 minutes ago
VEGOILS-Palm rises on stronger crude, Chicago soyoil
KUALA LUMPUR, April 2 (Reuters) - Malaysian palm oil futures edged higher on Thursday, recovering from the previous session's losses, on the back of stronger crude oil prices and Chicago soyoil, though weaker rival Dalians capped the gains. The benchmark palm oil contract FCPOc3 for June delive...Reuters
58 minutes ago
Takeaways from Trump's speech on Iran
By Matt Spetalnick and Humeyra PamukWASHINGTON, April 1 (Reuters) - President Donald Trump staunchly defended his handling of the month-old, U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threat...Reuters
an hour ago
METALS-Copper dips as oil rallies after Trump flags more Iran attacks
SINGAPORE, April 2 (Reuters) - Copper prices fell for the first time in five sessions on Thursday, weighed down by renewed concerns over economic growth after U.S. President Donald Trump failed to provide a clear outline on ending the Iran war.The benchmark three-month copper on the London Metal Exc...Reuters
2 hours ago
Colonial Pipeline reopens key US gasoline route to East Coast after Georgia incident
By Anmol Choubey and Shariq Khan April 1 (Reuters) - Colonial Pipeline said on Wednesday it has completed repairs on Line 1, the main gasoline route from the U.S. Gulf Coast to East Coast markets, and restored service after third-party damage in Paulding County, Georgia. The pipeline was dam...Reuters
2 hours ago
GRAINS-Chicago soybean, grain futures rise after Trump vows to keep up Iran attacks
BEIJING, April 2 (Reuters) - Chicago Board of Trade corn, wheat, and soybean futures rose on Thursday following U.S. President Donald Trump's televised address, in which he said that the war with Iran would soon end, without committing to a timeline.Trump said on Wednesday night that the U.S. wi...Reuters
2 hours ago
Oil jumps over 4% after Trump says U.S. to keep up attacks on Iran
SINGAPORE, April 2 (Reuters) - Oil prices climbed more than $4 on Thursday after President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few weeks, and did not commit to a specific timeline to end the war.Brent crude futures LCOc1 r...Reuters
2 hours ago
DHS cancels policy requiring secretary to review contracts over $100,000
By Jasper Ward WASHINGTON, April 1 (Reuters) - U.S. Homeland Security Secretary Markwayne Mullin on Wednesday rescinded a policy requiring the secretary to approve contracts over $100,000, the Department of Homeland Security said.The news followed a re-evaluation of the department's contract ...Reuters
2 hours ago
WTI Rallies Back Closer to $99.00 as Trump’s Comments Dampen Iran De-escalation Hopes
West Texas Intermediate (WTI) Crude Oil prices catch aggressive bids during the Asian session on Thursday and surge past the $97.00 mark as US President Donald Trump's prime-time address gets underway.
Fxstreet
2 hours ago
PRESS DIGEST-Financial Times - April 2
April 2 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- SpaceX filing kicks off largest IPO process in history- France probes Iran links in thwarted attack on Bank of America- Spanish defenc...Reuters
3 hours ago
GRAINS-Chicago soybean, grain futures dip as traders brace for Trump's speech on Iran
BEIJING, April 2 (Reuters) - Chicago Board of Trade corn, wheat, and soybean futures dropped on Thursday as markets awaited an address from U.S. President Donald Trump that could signal a U.S. pullback from the war in Iran. FUNDAMENTALSThe most-active soybean contract Sv1 was down 0.3% at $11.6...Reuters
3 hours ago
Oil prices drop on hopes of US pullback from Iran war
By Colleen Howe BEIJING, April 2 (Reuters) - Oil prices fell more than $1 early on Thursday as markets awaited an address to the nation by President Donald Trump that could signal a U.S. pullback from the war in Iran. Brent crude futures LCOc1 fell $1.16, or 1.15%, to $100 per barrel by 1204 GMT....Reuters
4 hours ago
Australia's KGL Resources inks $300 million streaming deal with Wheaton Precious Metals
April 2 (Reuters) - Australian miner KGL Resources KGL.AX said on Thursday it had entered into a $300 million precious metals streaming deal with a unit of Canada's Wheaton Precious Metals WPM.TO for a part of the gold and silver produced at its Jervois copper project.Shares of KGL rose as much ...Reuters
4 hours ago
Trump says US has plenty of jet fuel for Europe, market disagrees
US jet fuel exports are well short of Hormuz supply gapUS is top consumer of jet fuel and typically needs importsHigher exports could drive up US jet fuel pricesBy Shariq Khan NEW YORK, April 1 (Reuters) - President Donald Trump this week told countries struggling to get jet fuel due to Iran'...Reuters
4 hours ago
Gold rises on softer US Dollar, traders await Trump's address on Iran war
Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.Fxstreet
5 hours ago
