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Gold Price Forecast: XAU/USD edges higher to near $3,750 on further Fed rate cut bets
The Gold price (XAU/USD) gains momentum to near an all-time high of around $3,750 during the early Asian session on Tuesday. Growing expectations of further US Federal Reserve (Fed) rate cuts and persistent safe-haven demand amid political uncertainty underpin the precious metal.
Fxstreet
31 minutes ago
Thailand set for record plunge in annual power output, LNG imports
By Sudarshan Varadhan SINGAPORE, Sept 23 (Reuters) - Thailand is set for a record decline in electricity output this year as mild weather and a slowing economy are reducing demand, government data shows, putting Southeast Asia's top LNG importer on track for its steepest decline in purchases ...Reuters
36 minutes ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 23 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$65.96/$65.60res $66.91/$67.33Palm oil (3rd mth)4,342/4,309 ringgitres 4,401/4,429 ringgitWTI* (1st mth)$61.91/$61.46res $62.72/$63.10Spot gold$3,772sup $3,739/$3,719/$...Reuters
50 minutes ago
Congo will not 'auction' mineral resources to the US, president says
By Doyinsola OladipoNEW YORK, Sept 22 (Reuters) - Democratic Republic of Congo President Felix Tshisekedi said on Monday that a U.S.-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President Donald Trump for attempting to end the conflict. O...Reuters
an hour ago
Brazil's MBRF appoints Gularte as global CEO of merged company
SAO PAULO, Sept 22 (Reuters) - MBRF, the newly formed food giant from the merger of pork and poultry processor BRF and beef producer Marfrig, has appointed Miguel Gularte as its global chief executive officer, the company disclosed on Monday. The combined entity is one of the biggest food producers ...Reuters
an hour ago
US Plains HRW Wheat-Basis bids steady as futures ease
CHICAGO, Sept 22 (Reuters) - Basis bids for hard red winter wheat were flat in a spot check of grain elevators in the southern U.S. Plains on Monday as futures fell. Farmers continue to seed the winter wheat crop that will be harvested in 2026. The U.S. Department of Agriculture said that winter wh...Reuters
2 hours ago
US Cash Crude-Grades mixed as WTI/Brent spread stays wide, refinery demand slips
Sept 22 (Reuters) - U.S. crude grades were mixed, dealers said on Monday, as the spread between West Texas Intermediate crude (WTI) and global benchmark Brent futures remained wide, while domestic refinery demand was expected to slip. The spread between Brent and WTI traded at a discount as much...Reuters
3 hours ago
USDA says corn harvest 11% complete, soy 9%; ratings decline
By Julie IngwersenCHICAGO, Sept 22 (Reuters) - The U.S. corn harvest was 11% complete by Sunday and the soybean harvest was 9% finished, government data showed on Monday, behind most analysts' expectations but matching the five-year averages for both crops.The U.S. Department of Agriculture rate...Reuters
3 hours ago
LIVESTOCK-Cattle futures higher on screwworm news
By Heather Schlitz CHICAGO, Sept 22 (Reuters) - Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said.Analysts believed the news would mean the U.S.-Mex...Reuters
4 hours ago
CIF/FOB Gulf Grain-Corn basis bids steady-higher, soybeans steady-lower
CHICAGO, Sept 22 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast export terminals were steady to higher on Monday, traders said, as higher barge freight rates kept a floor under crop basis levels.Soybean basis bids were steady in the spot market, but steady to lower for later mon...Reuters
4 hours ago
US natgas market to see record output this winter, NGSA says
Sept 22 (Reuters) - U.S. natural gas production is projected to reach record highs this winter, helping to meet both domestic consumption and rising liquefied natural gas export demand, according to the Natural Gas Supply Association’s 2025–2026 Winter Outlook. "This winter, the U.S. natural gas...Reuters
4 hours ago
ICE canola futures fall with soyoil
WINNIPEG, Manitoba, Sept 22 (Reuters) - ICE canola futures fell on Monday as Chicago soyoil weakened following an apparent lack of progress despite a telephone call between U.S. President Donald Trump and Chinese President Xi Jinping last week.• The phone call had raised hopes that Chinese purchases...Reuters
4 hours ago
US natgas prices slip over 2% to near one-month low on ample storage
Sept 22 (Reuters) - U.S. natural gas futures fell over 2% on Monday, hitting a near one-month low due to ample amounts of gas in storage after a larger-than-expected injection last week.Front-month gas futures for October delivery NGc1 on the New York Mercantile Exchange fell 8.2 cents, or 2.8%, to ...Reuters
4 hours ago
Mexico says screwworm case near US border contained, no flies detected in north
By Cassandra Garrison MEXICO CITY, Sept 22 (Reuters) - A confirmed case of an animal infected with the flesh-eating screwworm parasite in Mexico's northern Nuevo Leon state near the U.S. border was immediately treated to prevent a further outbreak, the Mexican government said Monday. Th...Reuters
5 hours ago
SOFTS-Cocoa slumps to two-month low, raw sugar also down
NEW YORK, Sept 22 (Reuters) - Cocoa futures on ICE fell to two-month lows on Monday with weak demand seen leading to a global surplus in the upcoming 2025/26 season, while raw sugar also fell. COCOA * London cocoa LCCc2 settled down 112 pounds, or 2.2%, at 4,946 pounds per metric ton...Reuters
5 hours ago
GRAINS-Soybeans drop on lack of Chinese demand, wheat hits contract lows
Lack of Chinese buying of US beans adds to pressure on pricesWheat market faces headwinds from ample world suppliesBy Heather Schlitz CHICAGO, Sept 22 (Reuters) - Chicago soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President...Reuters
5 hours ago
CBOT wheat hits contract lows on high global supply
CHICAGO, Sept 22 (Reuters) - Chicago Board of Trade wheat futures fell to contract lows on Monday on expectations of ample global supplies and technical trading. CBOT December soft red winter wheat WZ25 settled 11-3/4 cents lower at $5.10-3/4 per bushel. K.C. December hard red winter wheat KWZ25 end...Reuters
5 hours ago
US judge rules Trump cannot block Rhode Island offshore wind project
By Jan Wolfe and Nichola Groom Sept 22 (Reuters) - Danish offshore wind developer Orsted ORSTED.CO can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump's administration halted the project l...Reuters
5 hours ago
Gold smashes record at $3,747 as Fed cut bets sink US Dollar
Gold price hit a fresh all-time high at $3,747 on Monday and appears poised to test higher prices as the US Dollar slumps, with traders anticipating further easing by the Federal Reserve (Fed) later this year. XAU/USD trades above $3,745, up more than 1.60%.Fxstreet
5 hours ago
