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Silver Loses $80, Plunges 12% Intraday; Gold Dives $100 in Short Term; Has Safe-Haven Rally Ended?
TradingKey - During Tuesday's US pre-market session (as of 6:40 AM ET), spot silver fell below $80 per ounce intraday, hitting a low of $77.9625, its lowest level since February 20. The intraday decline reached 12% at one point, and it is currently trading at $80.4 per ounce.
Ryanair prioritising repatriating its customers in Jordan, CEO says
WARSAW, March 3 (Reuters) - Ryanair's RYA.I priority is repatriating its customers from Jordan and it does not have much spare capacity to help with other repatriations, but will try to help where possible, Chief Executive Michael O'Leary said on Tuesday."Certainly wherever we can help w...Reuters
25 minutes ago
Russia raises alarm over conflict's impact on Bushehr nuclear plant in Iran
MOSCOW, March 3 (Reuters) - The Bushehr nuclear power plant in Iran is under threat as a result of the escalating conflict, the head of Russian state nuclear corporation Rosatom said on Tuesday, according to the RIA state news agency."There is certainly a threat to the plant," Likhachev was ...Reuters
27 minutes ago
Von der Leyen will discuss Druzhba pipeline with Zelenskiy, spokesperson says
BRUSSELS, March 3 (Reuters) - EU Commission President Ursula von der Leyen will likely discuss the problems with the Druzhba pipeline in a phone call with Ukrainian President Volodymyr Zelenskiy on Tuesday, a spokesperson said."This afternoon, President von der Leyen will have a call with Presid...Reuters
27 minutes ago
Russia raises alarm over conflict's impact on Bushehr nuclear plant in Iran
MOSCOW, March 3 (Reuters) - The Bushehr nuclear power plant in Iran is under threat as a result of the escalating conflict, the head of Russian state nuclear corporation Rosatom said on Tuesday, according to the RIA state news agency.Rosatom said on Saturday it had evacuated nearly 100 people from I...Reuters
32 minutes ago
GRAINS-Chicago soybeans gain as crude oil surges amid Middle East conflict
Soybean prices track soyoil, supported by a surge in crude oil pricesConcerns over Chinese demand and Brazilian competition limit soybean gainsCBOT wheat and corn also rise amid market concernsBy Sybille de La Hamaide and Ella Cao BEIJING/PARIS, March 3 (Reuters) - Chicago soybeans rose on Tuesda...Reuters
37 minutes ago
Gold Price Forecast: XAU/USD faces pressure near upper Rising Channel boundary around $5,400
Gold price (XAU/USD) trades 2.5% lower to near $5,180 during the European trading session on Tuesday. The yellow metal corrects after rising for four straight trading days. On Monday, the precious metal gained sharply as investors shifted to the safe-haven fleet amid the war in the Middle East.Fxstreet
37 minutes ago
India has sufficient energy reserves to deal with Gulf crisis, minister says
March 3 (Reuters) - India has sufficient energy reserves to deal with the ongoing situation in the Middle East, the country's oil minister said in a post on X on Tuesday. Indian companies have reduced natural gas supplies to industries in anticipation of tighter supply from the region after top ...Reuters
39 minutes ago
WRAPUP 4-Iran war enters fourth day in 'smoke and blood' as markets slide
Netanyahu expects conflict with Iran to be quick, not years-longGlobal air transport in chaos, energy prices surgeStocks rout deepens as energy price spike fuels inflation fearsExplosions in Tehran and Beirut By Parisa Hafezi and Alexander Cornwell DUBAI/TEL AVIV, March 3 (Reuters) - Explosions ...Reuters
46 minutes ago
Saudi Aramco to review alternative crude export routes to avoid Hormuz, source says
DUBAI, March 3 (Reuters) - Saudi Arabian oil giant Aramco 2223.SE will review alternative routes to export its crude oil to avoid the Strait of Hormuz, an industry source said on Tuesday, including by using the east-west pipeline to ship crude via the western Red Sea coast.Reuters
52 minutes ago
Oil prices keep climbing as expanding conflict heightens supply risks
Brent and WTI benchmarks gain more than $4 Vessels avoid Strait of Hormuz as freight rates soarCrude prices to remain elevated over coming days, say analysts By Shadia Nasralla LONDON, March 3 (Reuters) - Crude oil benchmarks rose more than $4 on Tuesday, soaring for a third session as the U.S.-I...Reuters
53 minutes ago
A full Strait of Hormuz blockage and 20% fall in supply could push oil over $100/bbl, Commerzbank says
March 3 (Reuters) - If the Strait of Hormuz were completely blocked, causing supply to fall by 20%, the oil price would likely rise to over $100 per barrel, Commerzbank said in a note on Tuesday.The bank also added that a prolonged conflict could lead to supply difficulties and bottlenecks for alumi...Reuters
56 minutes ago
RPT-ROI-Dollar gets its mojo back - but only by default: Mike Dolan
By Mike Dolan LONDON, March 3 (Reuters) - While it's tempting to assume the dollar's long-lost "safety" bid has returned since the weekend Iran attacks, it's not as clear-cut as it seems and owes more to relative energy plays. Yet the implications of the market response may b...Reuters
57 minutes ago
Germany, Quebec sign minerals deals to bolster supply chains
BERLIN, March 3 - Germany and Quebec strengthened their critical minerals partnership on Tuesday, signing a joint declaration and four corporate agreements at the Prospectors & Developers Association of Canada (PDAC) mining conference in Toronto.The deals, announced by Germany's economy mini...Reuters
an hour ago
EUROPE GAS-European gas prices soar more than 40% on LNG supply fears
LONDON, March 3 (Reuters) - Benchmark Dutch and British gas prices extended their gains for the second day in a row and rose more than 40% on Tuesday morning, as supply fears mounted after Iran and Israel stepped up attacks in the Middle East and Qatar halted production at its Ras Laffan liquefied n...Reuters
an hour ago
Putin will convey Arab concerns to Iran about attacks on oil infrastructure, Kremlin says
MOSCOW, March 3 (Reuters) - Russian President Vladimir Putin will convey to Iran concerns among Arab leaders about Tehran's strikes on oil infrastructure in the region, the Kremlin said on Tuesday, as the Iran conflict continued to widen.Putin held a flurry of phone calls on Monday with four Ara...Reuters
an hour ago
European Natural Gas surges 85% on Qatar LNG shock, Hormuz disruptions
Dutch TTF Natural Gas Futures for the April 2026 contract, the benchmark for European Natural Gas prices, are rallying sharply, trading around €59.62, up 33.97% on Tuesday at the time of writing, extending the price surge to more than 85% since Friday's close.Fxstreet
2 hours ago
Russia warns Iran war could spur nuclear weapon race in broader Middle East
MOSCOW, March 3 (Reuters) - Russian Foreign Minister Sergei Lavrov warned on Tuesday that the war launched by the U.S. and Israel against Iran could prompt not only Iran but also its Arab neighbours to seek to acquire nuclear weapons.The widening war in the Middle East increased the risk that nuclea...Reuters
2 hours ago
Saudi Arabia condemns Iran attack on US embassy in Riyadh, reserves right to respond
DUBAI, March 3 (Reuters) - Saudi Arabia condemned on Tuesday an Iranian attack targeting the U.S. embassy in Riyadh, and stressed it reserved the right to respond, a foreign ministry statement said. The kingdom reaffirmed its full right to take all necessary measures to defend its security and vital...Reuters
2 hours ago
