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Gold Price Repeatedly Fails to Break $5,200, Fed Officials Issue Hawkish Remarks
TradingKey - During the February 27 Asia trading session, gold prices attempted to break through 5,200 again, pulling back after a brief breakout. Signs of profit-taking by bulls are significant, with short-term speculative capital showing an increased inclination to exit as fundamental support weakens.
TradingKey
2 hours ago
PRECIOUS-Gold steady as investors weigh progress in US-Iran talks
Feb 27 (Reuters) - Gold prices held broadly steady on Friday, with investors digesting the previous day's U.S.-Iran nuclear talks, while the dollar, hovering near three-week highs, pressured the yellow metal. FUNDAMENTALSSpot gold XAU= was steady at $5,187.39 per ounce by 0146 GMT. Bu...Reuters
25 minutes ago
REFILE-Oil prices edge lower after US, Iran extend talks
By Nicole Jao Feb 27 (Reuters) - Oil prices fell on Friday and were on track for a weekly decline after the United States and Iran extended talks over the OPEC member's nuclear programme, easing concerns about potential hostilities that could disrupt supply.Brent crude futures LCOc1 lost 28 c...Reuters
27 minutes ago
GRAINS-Soybeans ease on profit taking, wheat inches higher
JAKARTA, Feb 27 (Reuters) - Chicago soybean futures eased on Friday on profit-taking after hitting their highest in more than three months in the previous session.Wheat nudged higher, extending gains to a second session, while corn eased after two consecutive sessions of gains. FUNDAMENTALSThe m...Reuters
50 minutes ago
EXCLUSIVE-Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro, sources say
Contracts under review include projects in challenging areas, expansions at the Orinoco, and mature fieldsOil output has not been halted but PDVSA took over tradePartners include Chinese, US, South American and Venezuelan companiesBy Marianna ParragaHOUSTON, Feb 26 (Reuters) - Venezuela's oil mi...Reuters
58 minutes ago
MOVES-Steve Cohen's Point72 hires veteran Castleton trader in commodities push, sources say
By Shariq Khan and Georgina McCartneyNEW YORK/HOUSTON, Feb 26 (Reuters) - Steve Cohen-led hedge fund Point72 Asset Management has hired Ryan Sheffler as natural gas portfolio manager to build out its commodities trading desk, three sources told Reuters. Point72, which has so far focused primarily on...Reuters
an hour ago
Oil sales under US-Venezuela deal expected to reach $2 billion by end of February, US says
By Sheila Dang CORPUS CHRISTI, Texas, Feb 26 (Reuters) - Sales under a flagship oil supply agreement between Venezuela and the U.S. are expected to reach $2 billion by the end of this month, U.S. Secretary of Energy Chris Wright told reporters in Texas on Thursday.The U.S. took control of Venezue...Reuters
2 hours ago
Cuba slams US for 'impunity' on speedboat attack suspects
Heavy security around civilian hospital near site of attackCuban president vows to defend island against any aggressionCuba says US has shown willingness to cooperate on the matterBy Mario Fuentes and Daniel TrottaSANTA CLARA, Cuba, Feb 26 (Reuters) - Cuba criticized the U.S. government for allowing...Reuters
3 hours ago
Venture Global signs 20-year LNG supply deal with Korea's Hanwha Aerospace
Feb 26 (Reuters) - U.S.-based LNG company Venture Global VG.N said on Thursday it had signed a 20-year sales and purchase agreement with Korea's Hanwha Aerospace 012450KS for 1.5 million metric tons per annum (mtpa) of liquefied natural gas starting in 2030.The agreement brings Venture Global...Reuters
3 hours ago
Officials search Panama offices tied to ports dispute, local media say
PANAMA CITY, Feb 26 (Reuters) - Panamanian officials have searched the offices tied to the the Panama Ports Company, the local unit of Hong Kong conglomerate CK Hutchison, local media reported on Thursday. CK Hutchison and Panamanian authorities did not immediately respond to a request for comment.L...Reuters
3 hours ago
CIF/FOB Gulf Grain-Soybean, corn basis bids dip on sluggish weekly export sales data
CHICAGO, Feb 26 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals turned lower on Thursday, amid disappointingly low weekly export sales data and as barge freight rates remained elevated, traders said.CIF Gulf soybean barges loaded in February were bid at 108...Reuters
3 hours ago
Gold rises to near $5,200 amid US tariff uncertainty, US PPI data in focus
Gold (XAU/USD) attracts some buyers to around $5,195 during the early Asian session on Friday. The precious metal edges higher as US tariff uncertainty spurs safe-haven demand. Traders await the release of the US January Producer Price Index (PPI) reports later on Friday for fresh impetus.Fxstreet
3 hours ago
Vale proposes 500 mln real capital increase through fiscal reserve capitalization
Feb 26 (Reuters) - Vale SA VALE3.SA:PROPOSES TO SHAREHOLDERS A 500 MILLION REAL CAPITAL INCREASE THROUGH CAPITALIZATION OF FISCAL RESERVE - FILINGPROPOSES TO SHAREHOLDERS MERGING WITH SUBSIDIARIES BAOVALE AND CDAReuters
3 hours ago
Hydnum Steel Secures 500 MW of Electrical Power
Feb 26 (Reuters) - HYDNUM STEEL SECURES 500 MW OF ELECTRICAL POWER, A KEY STEP FORWARD IN THE CONSTRUCTION OF ITS CLEAN STEEL PLANT IN SPAINHYDNUM STEEL: CONSTRUCTION WILL BEGIN IN 2026, WITH AN INVESTMENT OF MORE THAN EUR 1.5 BILLIONHYDNUM STEEL: MORE THAN 400 DIRECT JOBS ARE EXPECTED TO BE GENERAT...Reuters
3 hours ago
LIVESTOCK-CME cattle futures retreat on poor packer margins, technical and fund selling
By Karl PlumeCHICAGO, Feb 26 (Reuters) - Chicago Mercantile Exchange cattle futures tumbled on Thursday in a technical- and fund-selling retreat as deeply negative beef packer margins stoked concerns about a slowdown in demand for cattle, analysts said.A looming strike at a large cattle slaughter an...Reuters
4 hours ago
MP Materials swings to Q4 profit on US government price support
Feb 26 (Reuters) - Rare earths company MP Materials MP.N swung to a fourth-quarter profit, it said Thursday, exceeding analysts' expectations, driven by its price support agreement with the U.S. government and sale of magnetic material. Rare earths are a group of 17 metals used to make magnet...Reuters
4 hours ago
US takes step to solidify rules on nuclear fusion energy
Fusion backers hope to generate power in 2030sTechnology would produce nuclear power without long-lived radioactive wasteUS regulator publishes draft rule on fusion energyBy Timothy Gardner WASHINGTON, Feb 26 (Reuters) - Fusion energy, an emerging technology that backers hope will one day generat...Reuters
4 hours ago
Brazil gets approval to export ground beef to Mexico, soybeans to the Philippines
SAO PAULO, Feb 26 (Reuters) - Brazil's Agriculture Ministry said on Thursday that the government has concluded sanitary talks allowing the South American nation to export ground beef to Mexico, and soybeans to the Philippines, according to a statement.Reuters
4 hours ago
