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Gold falls below $4,700 ahead of US NFP release
Gold price (XAU/USD) faces some selling pressure to near $4,675 during the early Asian session on Friday. The precious metal falls as US President Donald Trump's comments about the war with Iran spiked oil prices. Trading activity remains muted due to Good Friday.
Fxstreet
33 minutes ago
US crude jumps more than 11%, Brent nearly 8% after Trump vows more attacks on Iran
WTI soars to nearly $114/bbl, highest since March 9Trump speech did not clarify when Hormuz might reopenWTI heads for biggest daily absolute price rise since 2020By Arathy Somasekhar HOUSTON, April 2 (Reuters) - U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday i...Reuters
36 minutes ago
Braskem Idesa readies filing for Chapter 11 as early as next week, Estadao reports
SAO PAULO, April 2 (Reuters) - Braskem Idesa, the joint venture between Brazilian petrochemical firm Braskem BRKM3.SA and Mexico's Grupo Idesa, is preparing to file for Chapter 11 bankruptcy protection in the United States as early as next week, Brazilian newspaper Estadao reported on Thursday.Reuters
39 minutes ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 2 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial...Reuters
an hour ago
WRAPUP 1-A year after 'Liberation Day,' Trump sets new drug tariffs, adjusts metals duties
Trump to impose 100% tariffs on branded drugs without US production or price cutTrims tariffs on products made with steel, aluminum and copperNew moves follow collapse of Trump's broader tariffs announced a year ago By David Lawder and Ahmed Aboulenein WASHINGTON, April 2 (Reuters) - U.S. Pr...Reuters
an hour ago
Golden Pass LNG in Texas set to load first export cargo amid record feedgas intake
LNG tanker heads to Golden Pass LNG terminal to load first cargoGolden Pass drew record 434 million cubic feet of feedgas on ThursdayBy Curtis Williams and Marwa Rashad HOUSTON, April 2 (Reuters) - The LNG tanker HL Sea Eagle is expected to arrive at the Golden Pass export terminal in Texas on Ap...Reuters
an hour ago
Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction, sources say
By Marta Nogueira RIO DE JANEIRO, April 2 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA has delivered liquefied petroleum gas auctioned off at high prices, even after President Luiz Inacio Lula da Silva said the government would annul it to protect consumers from fuel sp...Reuters
2 hours ago
US regulators grant California's last nuclear power plant 20-year operating life extension
By Laila KearneyNEW YORK, April 2 (Reuters) - Federal regulators approved an operating license extension for California's last-standing nuclear power plant, allowing it to run for another 20 years if it also gets state legislative approval, the governor of the most populous U.S. state said on Th...Reuters
2 hours ago
CIF/FOB Gulf Grain-Soy barge basis steady-firm as futures dip, corn bids flat-lower
CHICAGO, April 2 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were mostly steady to firm on Thursday as futures eased, although basis gains were limited by seasonally slow export demand, traders said.CIF corn basis bids were steady to lower, with nearby valu...Reuters
2 hours ago
Barrick Provides An Update On Reko Diq
April 2 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK PROVIDES AN UPDATE ON REKO DIQBARRICK MINING - TO SLOW REKO DIQ DEVELOPMENT AND CONTINUE REVIEW UNTIL MID-2027BARRICK MINING - REKO DIQ TO REMAIN UNDER ACTIVE MANAGEMENT WITH REDUCED CAPITAL SPENDBARRICK MINING - ANTICIPATES SIGNIFICANT INCREASE...Reuters
2 hours ago
Barrick Mining targets 2028 for first output at Pakistan's Reko Diq
April 2 (Reuters) - Barrick Mining ABX.TO said on Thursday the first production at its Reko Diq copper-gold project in Pakistan remained targeted by the end of 2028, even as the company warned the project's previously disclosed capital budget for both phases could rise significantly.Reuters
2 hours ago
China's detentions of Panama-flagged vessels raise concerns, Rubio says
By Katharine Jackson and Michael Martina WASHINGTON, April 2 (Reuters) - Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on T...Reuters
2 hours ago
Israel's Leviathan gas field to resume operations after war shutdown, energy ministry says
April 2 (Reuters) - Israel's offshore Leviathan gas field will resume operations after a month-long war shutdown, the Israeli energy ministry said on Thursday.The field, operated by Chevron CVX.N, has been shut down since the U.S. and Israel launched attacks on Iran on February 28."Following...Reuters
3 hours ago
Trump cuts US duty rates on steel, aluminum and copper derivative products
By David Lawder WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump adjusted his national security tariffs on steel, aluminum and copper imports on Thursday to cut duty rates on derivative products made with the metals, simplify compliance and avoid under-reporting of import values.In a p...Reuters
3 hours ago
LIVESTOCK-Chicago cattle futures hit new highs as cash market strengthens
By P.J. HuffstutterCHICAGO, April 2 (Reuters) - Chicago Mercantile Exchange cattle futures continued to rise on Thursday, with feeder cattle finishing higher for the sixth straight session, on strength in the cash market and expectations of strong grilling season demand, market analysts said.Meanwhi...Reuters
3 hours ago
Starbucks expands weekly pay, adds more tips and bonuses for US baristas
April 2 (Reuters) - Starbucks SBUX.O will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses and expands tips, it said on Thursday, as concerns persist over its stalled talks with the union representing some U.S. baristas. The company said baristas can receive ...Reuters
3 hours ago
Stellantis union wary of possible China deal for shuttered Canada plant
By Divya Rajagopal TORONTO, April 2 (Reuters) - Unifor, the labor union representing car manufacturer Stellantis in Canada, said on Thursday it has serious concerns about the possibility of Stellantis bringing in a Chinese partner to make electric vehicles at its shuttered plant in Brampton, Onta...Reuters
3 hours ago
Near-term oil prices hit record premium over later deliveries after Trump vows more attacks on Iran
Widening backwardation signals tight near-term supply, WTI May trades $16.70 above JuneProducers considering new drilling, need higher long-term prices to commit Dallas Fed's Logan says US output unlikely to rise soon despite price surgeBy Georgina McCartney and Arathy SomasekharHOUSTON, April 2...Reuters
4 hours ago
