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UBS Sees Gold Reaching $6,200/Oz In Coming Months
Feb 24 (Reuters) - UBS:SAYS IT SEES GOLD REACHING $6,200/OZ IN COMING MONTHS AS KEY DRIVERS UNDERPINNING ITS STRONG RALLY OVER THE PAST YEAR REMAIN IN PLACESAYS TRADE UNCERTAINTY RESURFACED AFTER U.S. PRESIDENT DONALD TRUMP ANNOUNCED A 15% GLOBAL LEVY, WHILE THE U.S. MILITARY HAS AMASSED FORCES IN T...Reuters
20 minutes ago
PRECIOUS-Gold falls over 1% as dollar strengthens, investors book profits
Gold rose to more than 3-week high earlier in the sessionThe U.S. dollar rises over 0.2% Trump warns countries against backing away from trade dealsIran and U.S. to hold new round of talks on ThursdayBy Noel John Feb 24 (Reuters) - Gold prices fell more than 1% on Tuesday, easing from a three-wee...Reuters
21 minutes ago
JDE Peet's says 'unprecedented' coffee bean prices fuel $1.9 billion rise in 2025 costs
Feb 24 (Reuters) - Coffee and tea firm JDE Peet's JDEP.AS, soon to be acquired by Keurig Dr Pepper KDP.O, said on Tuesday that an "unprecedented" rise in prices of green coffee beans and other items led to a 1.6 billion euro ($1.9 billion) jump in 2025 costs.As global coffee prices hit r...Reuters
53 minutes ago
UBS sees modest oil price pullback if mideast tensions don't disrupt supply
Feb 24 (Reuters) - UBS on Tuesday said it expects a modest decline in oil prices in coming weeks provided there is no escalation of tensions in the Middle East that could disrupt supply."A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market shou...Reuters
an hour ago
Japan's Nippon Steel to raise 550 billion yen in convertible bonds
TOKYO, Feb 24 (Reuters) - Japan's Nippon Steel 5401.T said on Tuesday it planned to raise 550 billion yen ($3.55 billion) via a euro-yen convertible bond sale, as the company is looking for funding to finance its business operations. The bond issue is planned in two equal tranches of 275 billion...Reuters
an hour ago
PRECIOUS-Gold falls from three-week high on profit-booking, firm dollar
Gold rose to more than 3-week high earlier in the sessionTrump warns countries against backing away from trade dealsFed's Waller open to rate pause if February jobs data strongBy Ishaan Arora Feb 24 (Reuters) - Gold prices fell on Tuesday as investors booked profits after bullion rose more th...Reuters
an hour ago
TECHNICALS-CBOT corn may retrace into $4.36-3/4 to $4.35-1/4 range
SINGAPORE, Feb 24 (Reuters) - CBOT corn CK26 may retrace into a range of $4.36-3/4 to $4.35-1/4 per bushel, following its failure to break a key resistance at $4.44-3/4.The resistance is identified as the 61.8% projection level of a wave C which may either end around this level or extend to $4.51-1/...Reuters
an hour ago
TABLE-North Sea gas maintenance schedule
Feb 24 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
2 hours ago
Oil rises to near seven-month highs on US-Iran tensions
Both crude benchmarks hover near seven-month highsUS-Iran tensions key market driver in near-term, analysts sayUS tariff situation creating market uncertaintyBy Trixie Yap and Anushree Mukherjee Feb 24 (Reuters) - Oil prices rose on Tuesday, nearing seven-month highs, with traders assessing risks...Reuters
2 hours ago
UBS sets end-of-march 2027 Brent crude forecast at $67/bbl
Feb 24 (Reuters) - UBS on Tuesday set a new end-March 2027 Brent forecast of $67 per barrel and widened its assumed WTI-Brent discount to $4 a barrel from $3."A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market should bring Brent back into the...Reuters
2 hours ago
ROI-US and China hold the keys to containing a Mideast oil shock: Bousso
By Ron Bousso LONDON, Feb 24 (Reuters) - A serious military confrontation between the U.S. and Iran could trigger a major disruption in Middle East oil supplies. The vast oil reserves the U.S. and China hold could prove critical in containing it.For now, uncertainty dominates in this protracted s...Reuters
2 hours ago
ROI-Next Fed move a hike? Bostic's parting shot raises alarm: Mike Dolan
By Mike Dolan LONDON, Feb 24 (Reuters) - Amid the consternation about the U.S. Supreme Court's quashing of President Donald Trump's emergency tariffs, markets may have missed a surprising take on Federal Reserve policy - that it's not inconceivable the next interest rate shift could b...Reuters
2 hours ago
TECHNICALS-CBOT soybeans may retest support at $11.36-1/4
For more technical analyses, please click SINGAPORE, Feb 24 (Reuters) - The CBOT soybean May contract SK26 would retest a support at $11.36-3/4 per bushel, a break below which could open the way toward the $11.24-1/4 to $11.31 range.A rising wedge is taking shape. It is considered a top pattern, sug...Reuters
3 hours ago
South Korea's Hyundai Motor warns US tariff pressure may intensify despite Supreme Court ruling
Hyundai urges South Korea to pass $350 billion US investment legislationTrump administration may escalate tariff pressure, company president saysHyundai and Kia saw $5 bln financial hit from tariffs last yearBy Hyunjoo Jin SEOUL, Feb 24 (Reuters) - Hyundai Motor President Sung Kim on Tuesday urge...Reuters
3 hours ago
ROI-Copper drives BHP and Rio, but getting more is the trick: Russell
By Clyde Russell LAUNCESTON, Australia, Feb 24 (Reuters) - The latest corporate results from major miners BHP Group BHP.AX and Rio Tinto RIO.AX highlight copper's starring role in driving profits, but they also underline how difficult it will be to get more exposure to the industrial metal.BH...Reuters
3 hours ago
CK Hutchison says Panama Canal port workers removed after court-ordered takeover
Panama officially cancels CK Hutchison's port contracts after court rulingPanama grants temporary licences for two terminals to Maersk and MSC CK Hutchison says Panama takeover unlawful, consulting on pursuing legal actionCK Hutchison says Panama authorities remove employees , threaten with pros...Reuters
3 hours ago
PRECIOUS-Gold falls from three-week high on profit-booking, firm dollar
Gold rose to more than 3-week high earlier in the sessionTrump warns countries against backing away from trade dealsFed's Waller open to rate pause if February jobs data strongBy Ishaan Arora Feb 24 (Reuters) - Gold prices fell on Tuesday as investors booked profits after bullion rose more th...Reuters
3 hours ago
CK Hutchison says Panama Canal port workers removed after court-ordered takeover
Panama officially cancels CK Hutchison's port contracts after court rulingPanama grants temporary licences for two terminals to Maersk and MSC CK Hutchison says Panama takeover unlawful, consulting on pursuing legal actionCK Hutchison says Panama authorities remove employees , threaten with pros...Reuters
3 hours ago
Taiwan rattled by 5.6 magnitude quake, no reports of damage
TAIPEI, Feb 24 (Reuters) - A 5.6 magnitude earthquake struck just off the coast of Taiwan's northeastern county of Yilan on Tuesday, the island's weather administration said, with no reports of damage.The quake briefly shook buildings in the capital, Taipei. The quake had a depth of 66.8 km ...Reuters
4 hours ago
