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Gold Price Forecast: XAU/USD declines to near $5,050, focus shifts to US jobs data
Gold price (XAU/USD) falls to near $5,045 during the early Asian session on Wednesday. Traders assess whether prices have found a floor following a historic sell-off.
Gold
Fxstreet
5 minutes ago
US renewable energy lab eliminates 134 jobs amid Trump funding cuts
Feb 10 (Reuters) - A U.S. government energy research laboratory focused on renewables, efficiency and clean transportation has cut 134 positions, a spokesperson said on Tuesday, citing federal budget cuts and new Trump administration priorities.Here are some details:The job cuts at the National Labo...
Reuters
38 minutes ago
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 10 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Tuesday. WCS for March delivery in Hardisty, Alberta, settled at $15.55 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with...
Reuters
52 minutes ago
White House says Trump plans to rescind climate change finding key to auto rules
By David Shepardson and Andrea ShalalWASHINGTON, Feb 10 (Reuters) - U.S. President Donald Trump plans to formalize on Thursday a move to overturn the Obama-era legal basis for federal greenhouse gas rules, which will lead to the repeal of vehicle emissions rules, the White House said on Tuesday. ...
Reuters
59 minutes ago
Local regulators deny rezoning request for Pennsylvania data center development
By Laila Kearney Feb 10 (Reuters) - A county commission in Pennsylvania on Tuesday denied a request by Talen Energy TLN.O to rezone hundreds of acres of land for the development of data centers, marking the latest example of local pushback hampering the U.S. expansion of server warehouses.The rej...
Reuters
59 minutes ago
Petrobras' Q4 oil and gas output rises 18% from year before
SAO PAULO, Feb 10 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA on Tuesday reported a total oil, gas and gas liquids production of 3.11 million barrels of oil equivalent per day (boed) in the fourth quarter of 2025, up about 18% from a year earlier.The firm's oil production in Braz...
Reuters
an hour ago
Canada's Dundee Precious Metals Q4 revenue surges on rise in prices
OverviewCanada-based mining firm's Q4 adjusted EBITDA exceeded analyst estimatesCompany achieved record free cash flow of $505 mln for 2025OutlookCompany expects Vareš production to reach full capacity by year-end 2026DPM plans $49 mln to $53 mln in Čoka Rakita pre-construction spending for 2026...
Reuters
an hour ago
Solstice Advanced Materials Announces Expansion Of Uranium Conversion Production
Feb 10 (Reuters) - Solstice Advanced Materials Inc SOLS.O:SOLSTICE ADVANCED MATERIALS: ANNOUNCES EXPANSION OF URANIUM CONVERSION PRODUCTIONSOLSTICE ADVANCED MATERIALS: TO EXPLORE FURTHER DEBOTTLENECKING AT METROPOLIS WORKS FACILITY & NEW CAPACITY INVESTMENTSSOLSTICE ADVANCED MATERIALS: METROPOLI...
Reuters
an hour ago
Chevron's El Segundo refinery key unit remains offline four months after fire
By Nicole Jao NEW YORK, Feb 10 (Reuters) - A hydrocracker at Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery in southern California remains offline following a large fire, with repair efforts still underway, the company said.A large fire erupted in a Isomax unit, which converts mid...
Reuters
an hour ago
United States API Weekly Crude Oil Stock up to 13.4M in February 6 from previous -11.1M
United States API Weekly Crude Oil Stock up to 13.4M in February 6 from previous -11.1M
Fxstreet
an hour ago
Petrobras' Q4 oil and gas output rises 18% from year before
SAO PAULO, Feb 10 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA on Tuesday reported a total oil, gas and gas liquids production of 3.11 million barrels of oil equivalent per day (boed) in the fourth quarter of 2025, up about 18% from a year earlier.
Reuters
2 hours ago
Solstice to expand US uranium conversion output by 20% as nuclear demand grows
By Arunima Kumar Feb 10 (Reuters) - Solstice Advanced Materials SOLS.O said on Tuesday it will expand production of uranium hexafluoride by about 20% at its Metropolis Works facility in Illinois by 2026, as rising nuclear demand strains the U.S. fuel supply chain.The producer of specialty chemica...
Reuters
2 hours ago
Chevron's El Segundo refinery key unit remains offline four months after fire
NEW YORK, Feb 10 (Reuters) - A hydrocracker at Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery remains offline following the October, with repair efforts still underway, the company said.
Reuters
2 hours ago
CBOT wheat sags after choppy session; ample world supplies cap rallies
CHICAGO, Feb 10 (Reuters) - Chicago Board of Trade wheat futures closed fractionally lower after a choppy session on Tuesday, anchored by reminders of plentiful U.S. and world supplies, traders said. CBOT March soft red winter wheat WH26 settled down 1/2 cent at $5.28-1/4 per bushel.K.C. March hard ...
Reuters
2 hours ago
Mattel misses Q4 revenue estimates, sets new $1.5 bln share repurchase program
OverviewToy maker's Q4 revenue rose 7% but missed analyst expectationsAdjusted EPS for Q4 increased to $0.39 from $0.35Company announced new $1.5 bln share repurchase programOutlookMattel expects 2026 net sales to grow 3% to 6% in constant currencyCompany projects 2026 adjusted EPS between $1.18...
Reuters
2 hours ago
US weighs seizing tankers carrying Iranian oil to pressure Tehran, WSJ reports
Feb 10 (Reuters) - Officials in the United States have discussed seizing tankers carrying Iranian oil to pressure Tehran, but fear retaliation and impact on global oil markets, the Wall Street Journal reported on Tuesday, citing U.S. officials. Reuters could not immediately verify the report.
Reuters
2 hours ago
US bars Palau Senate president, former Marshall Islands mayor from entry
China has sought inroads into Washington's Pacific Island alliesBeijing has been accused of corruption as vectors of influencePalau and the Marshall Islands are critical for U.S. military By Michael Martina and David Brunnstrom WASHINGTON, Feb 10 (Reuters) - The United States on Tuesday barre...
Reuters
3 hours ago
CBOT soybeans end higher on demand optimism; soyoil sets contract highs
CHICAGO, Feb 10 (Reuters) - Chicago Board of Trade soybean futures rose about 1% on Tuesday on technical buying, optimism about export demand and strength in soyoil futures, analysts said, but the benchmark soybean contract stayed below a two-month high set last week.Most-active CBOT March soybeans ...
Reuters
3 hours ago
Oil prices steady as Iran-US tensions and US data eyed
Market awaits signals from Iran-US diplomacy and US economic dataEU proposes demands of Russia amid Ukraine conflictUS oil inventories expected to have risen last weekBy Scott DiSavino NEW YORK, Feb 10 (Reuters) - Oil prices were little changed on Tuesday as the market waited for direction from n...
Reuters
3 hours ago
US natgas futures dip to 3-week low as warmer weather cuts demand forecast
Waha Hub prices fall due to pipeline constraintsLower 48 states' gas output rises to 107.4 bcfd in FebruaryMild weather may reduce storage deficit by MarchBy Scott DiSavinoNEW YORK, Feb 10 (Reuters) - U.S. natural gas eased to a fresh three-week low on Tuesday on forecasts for warmer weather and...
Reuters
3 hours ago
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