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Gold Price Pulls Back After Hitting $5,250/Oz, Safe-Haven Sentiment Sustains Gold Narrative
TradingKey - During Tuesday's US trading session, gold prices retreated after nearly reaching the $5,250 mark, as investors locked in profits and the US dollar strengthened. As of 8:20 PM ET (9:20 AM Beijing Time), spot gold regained its upward momentum, rising to $5,185 per ounce. US gold futures b
TradingKey
41 minutes ago
PRECIOUS-Gold rises as US tariff uncertainty lifts safe-haven demand
Spot gold hit a three-week high in the previous sessionLater on Tuesday, bullion fell more than 1% on profit-takingU.S. starts collecting temporary new 10% global import tariffBy Ishaan Arora Feb 25 (Reuters) - Gold prices climbed on Wednesday, as investors flocked to the safe-haven metal dur...Reuters
11 minutes ago
US warned Ukraine not to hit US interests in strikes on Russia energy infrastructure, envoy says
State Department demarche came after strike on Russian portEnvoy expects Trump to discuss Ukraine war in State of the Union addressUkraine does not feel abandoned by US, envoy saysBy Andrea Shalal WASHINGTON, Feb 24 (Reuters) - The Ukrainian government received a formal, official message from the...Reuters
27 minutes ago
PRESS DIGEST- Financial Times - February 25
Feb 25 (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- Amazon AI lab chief to depart amid leadership shake-up- Channel Tunnel freight trains to restart after London depot deal- Efune consort...Reuters
44 minutes ago
Oil prices hover near seven-month highs ahead of US-Iran talks
US-Iran talks may prevent conflict that could disrupt supply Deal with US hinges on diplomacy, Iranian minister saysUS oil stockpiles rise, gasoline inventories fall, API data showsBy Katya Golubkova TOKYO, Feb 25 (Reuters) - Oil prices were hovering near seven-month highs on Wednesday as the thr...Reuters
an hour ago
GRAINS-Soybeans up for second session, near three-month high
SINGAPORE, Feb 25 (Reuters) - Chicago soybeans gained further ground on Wednesday, trading near a three-month high reached earlier this week, on optimism over Chinese demand, as comments from Beijing eased some concerns about U.S. tariff policy.Wheat and corn futures firmed. FUNDAMENTALSThe mos...Reuters
an hour ago
PRECIOUS-Gold largely flat as dollar strength keeps pressure on prices
Feb 25 (Reuters) - Gold prices were broadly unchanged on Wednesday, after falling more than 1% in the previous session, as the dollar held on to recent gains and made greenback-priced metals more expensive for overseas buyers. FUNDAMENTALSSpot gold XAU= held its ground at $5,146.18 ...Reuters
an hour ago
WTI declines to near $66.00 on US crude stock surge, traders monitor US-Iran developments
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.05 during the early Asian trading hours on Wednesday. The WTI price declines amid a significant build in US crude stockpiles.
Fxstreet
an hour ago
Ten years after first cargo, US LNG dominance set to keep growing
US celebrates 10 years of LNG exportsU.S. could double current LNG output in five yearsTwo of world's three largest LNG exporters are in the U.S.By Curtis Williams HOUSTON, Feb 24 (Reuters) - In the ten years since the first export cargo of liquefied natural gas left Louisiana, the United Sta...Reuters
3 hours ago
First Solar slides as outlook falls short on Trump-era permitting delays
By Dharna BafnaFeb 24 (Reuters) - First Solar FSLR.O, the largest U.S.-based solar panel maker, projected annual sales below Wall Street estimates, citing customer headwinds such as permitting delays under the Donald Trump administration, sending its shares down nearly 14%. The company also anticip...Reuters
3 hours ago
CIF/FOB Gulf Grain-Soybean, corn barge basis turns higher
CHICAGO, Feb 24 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals firmed on Tuesday, as freight rates remained elevated and barge supplies tight along parts of the Mississippi River, traders said.CIF Gulf soybean barges loaded in February and March were bid a...Reuters
3 hours ago
US Plains HRW Wheat-Basis bids flat to down, protein premiums drop
CHICAGO, Feb 24 (Reuters) - Basis bids for hard red winter wheat were flat to lower in a spot check of locations in the U.S. Plains on Tuesday, as futures fell. A more active rain pattern in the next two weeks should allow relief to the driest quarter of the Southwest Plains wheat crop, according to...Reuters
3 hours ago
EXCLUSIVE-Carney knew of South Bow's Keystone XL plans before White House meeting, source says
Carney was aware of South Bow's Keystone XL revival plans when he discussed pipeline with TrumpSouth Bow considers reviving parts of Keystone XL pipeline in expansion projectCarney asked Trump in October if he would be interested in reviving Keystone with Canadian supportBy Amanda Stephenson ...Reuters
3 hours ago
Mosaic misses profit estimates on weak US phosphate demand
Feb 24 (Reuters) - Mosaic MOS.N missed Wall Street expectations for fourth-quarter profit on Tuesday, hurt by a steep drop in U.S. phosphate demand that weighed on sales volumes. Shares fell more than 2% in extended trading.The Tampa, Florida-based fertilizer producer warned in January that an unusu...Reuters
4 hours ago
Oil prices ease as Iran says prepared to take steps to reach deal with US
Iran ready for nuclear talks with US, impacting oil pricesUS-Iran tensions add $3-$4 risk premium to oil pricesUS imposes new tariffs, affecting global oil trade dynamicsAPI data shows U.S. crude stocks rose last weekBy Scott DiSavino and Siddharth Cavale NEW YORK, Feb 24 (Reuters) - Oil prices c...Reuters
4 hours ago
South Korea approves first petrochemical restructuring deal as supply glut weighs
SEOUL, Feb 25 (Reuters) - South Korea's industry ministry said on Wednesday it has approved the country's first petrochemical industry restructuring project, offering a support package worth more than 2 trillion won ($1.39 billion) to help companies weather a prolonged sector downturn. The m...Reuters
4 hours ago
EOG Resources beats profit estimates on strong output, higher gas prices
Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, as higher output and elevated natgas prices offset the impact of a drop in crude prices.U.S. natural gas futures NGc1 rose over 11% sequentially in the fourth quarter, driven by stronger demand and increased ...Reuters
5 hours ago
Fun or felony? New York police investigate snowball fight after officers got pelted
By Jonathan Allen and Maria Tsvetkova NEW YORK, Feb 24 (Reuters) - The New York Police Department is investigating a boisterous snowball fight in a Manhattan park after several officers were hit in the face, dividing the mayor and other city leaders on Tuesday over whether the throwers should be ...Reuters
5 hours ago
Axon Enterprise beats fourth-quarter profit estimates, shares rise
Feb 24 (Reuters) - Taser-maker Axon Enterprise AXON.O beat Wall Street estimates for fourth-quarter profit on Tuesday, driven by strong demand for its security devices and software products.Shares of the Arizona-based company were up 15% in extended trading.Best known for its law enforcement technol...Reuters
5 hours ago
