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Gold consolidates below $5,200 as Fed outlook counter geopolitical risks
Gold (XAU/USD) struggles to capitalize on its modest gains registered over the past two days and oscillates in a narrow trading band below the $5,200 mark, during the Asian session on Friday. Geopolitical risks remain in play amid a huge American naval and air power buildup in the Middle East.
Fxstreet
18 minutes ago
Oil heads for weekly decline as US, Iran extend talks
US-Iran talks end with no deal but potential signs of progressOPEC+ mulls 137,000 bpd oil output hike for April, sources sayOPEC+ meets on March 1By Florence Tan and Nicole Jao Feb 27 (Reuters) - Oil prices inched down on Friday and were on track for a weekly decline after the United States and I...Reuters
23 minutes ago
Panama officials search CK Hutchison's subsidiary office, source says
Panama raids CK Hutchison unit amid US-China trade tensionsPanama's President Mulino downplays potential Chinese responseTop court ruled CK Hutchison's port contracts unconstitutionalBy Emily Green PANAMA CITY, Feb 26 (Reuters) - Panamanian authorities searched a ports unit of Hong Kong c...Reuters
23 minutes ago
PRECIOUS-Gold steady as drop in US Treasury yields offsets firm dollar
Gold set for a monthly gain of over 6%Gold set for seventh straight month of gainsSilver, platinum, palladium also on track for a monthly riseBy Ishaan Arora Feb 27 (Reuters) - Gold was broadly steady on Friday, as a drop in U.S. Treasury yields eased the opportunity cost of holding bullion, offs...Reuters
26 minutes ago
TECHNICALS-US oil biased to retest resistance at $65.70
For more technical analyses, click SINGAPORE, Feb 27 (Reuters) - U.S. oil CLc1 is biased to retest resistance at $65.70 per barrel, a break above which may trigger a gain to $66.74.The high volatility during the previous trading session indicates the formation of an uptrend, as the fall from $67.28 ...Reuters
an hour ago
Philippines, Japan, US hold joint military drills in South China Sea
MANILA, Feb 27 (Reuters) - The navies of the Philippines, the U.S. and Japan trained alongside each other in the South China Sea this week to ramp up cooperation among the military allies, the Philippines' armed forces said on Friday. Since 2023, the Philippines has worked with a number of count...Reuters
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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
4 hours ago
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
4 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
4 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
4 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
5 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
5 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
5 hours ago
