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Gold and Silver Stage Deep V-Shaped Reversal as Market Closely Watches Global Central Bank Speeches and Geopolitical Risks
TradingKey - Gold and silver prices witnessed a deep V-shaped reversal during the Asian trading session. Earlier, Bloomberg reports suggested that the Bank of Japan is leaning toward maintaining interest rates at its March policy meeting, while not ruling out the possibility of a rate hike in April. Following this news, gold prices briefly turned negative during intraday trading.
WRAPUP 3-Iran launches wave of missiles at Israel; US Republicans block measure to halt US air campaign
Israel targets infrastructure in large strikes on TehranAir raid sirens in Israel send millions into sheltersUS Senate blocks measure to halt American air assaultConflict widens, shipping and airlines disruptedNew Iranian leader loomsBy Parisa Hafezi, Alexander Cornwell and Jana Choukeir DUBAI/JE...Reuters
16 minutes ago
Greece's PPC, Metlen to develop battery storage across Romania, Bulgaria, Italy
March 5 (Reuters) - Greece's PPC DEHr.AT said on Thursday it has signed a 50-50 joint venture agreement with Metlen MTLN.L to develop, construct and operate up to 1,500 MW (3,000 MWh) of battery energy storage projects across Romania, Bulgaria and Italy, securing a significant portion of its ene...Reuters
17 minutes ago
China's new five-year plan calls for AI throughout its economy, tech breakthroughs
China chases breakthroughs in AI, chips, space, nuclear and quantumHopes AI will transform manufacturing, boost productivityChina to invest in basic research, building STEM talent baseBy Laurie Chen and Eduardo Baptista BEIJING, March 5 (Reuters) - China's new five-year policy blueprint laid ...Reuters
48 minutes ago
Zenith Energy Announces Acquisition Of Additional Photovoltaic Development Project In Italy
March 5 (Reuters) - Zenith Energy Ltd ZENZ.L:ZENITH ENERGY LTD - SOLAR ACQUISITION AND GAS SUPPLY GROWTHZENITH ENERGY: ANNOUNCE ACQUISITION OF ADDITIONAL PHOTOVOLTAIC DEVELOPMENT PROJECT IN PUGLIA REGION OF ITALYZENITH ENERGY: EXPECTS THE PROJECT TO REACH READY-TO-BUILD ("RTB") STATUS BY F...Reuters
52 minutes ago
Oil leaps 3% on supply concerns as Iran conflict widens
Iran launches wave of missiles at Israel US Senate blocks measure to halt American air assaultTraffic through Strait of Hormuz remains halted, production cuts widenBy Katya Golubkova and Siyi Liu TOKYO/SINGAPORE, March 5 (Reuters) - Oil prices surged more than 3% on Thursday, extending a rally as...Reuters
55 minutes ago
MSC imposes war surcharge on shipments to Africa and Indian Ocean islands
March 5 (Reuters) - Shipping company MSC said on Thursday it would implement a "war surcharge" for cargoes moving to African nations and Indian Ocean islands from the Indian subcontinent and the Gulf countries, after maritime traffic was affected in the Straits of Hormuz and Bab El-Mandeb.Th...Reuters
56 minutes ago
Passage through the strait of Hormuz during war will be under Iran's control, Revolutionary Guards say
DUBAI, March 5 (Reuters) - Iran's revolutionary guards said on Thursday that they have hit a U.S. tanker in the northern part of the Gulf and the vessel is on fire.The Guards said in the statement carried by state media that, in time of war, passage through the Strait of Hormuz will be under the...Reuters
an hour ago
INSIGHT-Lukoil fire sale marks failure of Russia's $800 billion bet to go global
Energy magnate Vagit Alekperov's international strategy soursLukoil is one of last major Russian firms to retreat from WestFollows decades of rampant Russian investment across the globeRussian outflows for overseas investment estimated at $800 billion in 2000-2021By Anna Hirtenstein and Dmitry Z...Reuters
2 hours ago
ROI-Europe can absorb this Mideast energy hit - but not much more: Mike Dolan
By Mike Dolan LONDON, March 5 (Reuters) - The energy price jolt from this week's Middle East shock has left Europe fretting about an economic hit akin to the invasion of Ukraine four years ago. But initial fears may be overdone if - and it's a big "if" - futures markets prove accu...Reuters
2 hours ago
PRECIOUS-Gold edges higher on safe-haven demand as Middle East conflict intensifies
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices edged higher on Thursday as the widening Middle East conflict drove investors towards ...Reuters
2 hours ago
European gas: Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted.Fxstreet
2 hours ago
TECHNICALS-CBOT corn may retest support at $4.40-3/4
SINGAPORE, March 5 (Reuters) - CBOT corn CK26 may retest support at $4.40-3/4 per bushel; a break below that may trigger a fall to $4.38-1/4.The bounce off support is classified as a pullback toward a rising trendline, but the pullback has been a bit overdone.The pattern around $4.51-1/2 looks like ...Reuters
2 hours ago
Malaysia announces measures to safeguard its exports amid Middle East conflict
KUALA LUMPUR, March 5 (Reuters) - Malaysia's trade agency announced measures on Thursday to safeguard the country's exports amid rising geopolitical tensions arising from the military conflict in the Middle East.The agency is actively encouraging Malaysian exporters to reroute and diversify ...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Revises Ormen Lange outage
March 5 (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.OPERATORLOCATIONOUTA...Reuters
2 hours ago
ANALYSIS-Europe faces gas storage scramble as Iran conflict tightens supply
Europe's gas storage at 5-year lowRefilling will require extra 180 LNG cargoes y/yIran conflict cuts supply, lift pricesEuropean benchmark gas at highest since early 2023By Nora Buli OSLO, March 5 (Reuters) - Europe's already huge task of refilling gas storage for next winter has suddenly...Reuters
3 hours ago
Gold gains on safe-haven demand as Middle East conflict widens
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices climbed on Thursday as a widening conflict involving the U.S., Israel and Iran drove iReuters
3 hours ago
Impala Platinum boosts dividend after five-fold profit increase
March 5 (Reuters) - Impala Platinum IMPJ.J posted a five-fold increase in half-year profit on Thursday, driven by higher metal prices and helping the company boost its dividend payout.The Johannesburg-based miner's headline earnings came in at 9.3 billion rand ($567.36 million) in the six months...Reuters
3 hours ago
Exxon to send its first fuel shipment from US Gulf Coast to Australia, sources say
Shipments will be first exports of fuel from U.S. Gulf Coast to Australia since late 2023Asian refiners struggling with crude shortages due to Middle East crisisTraders sceptical about whether U.S. Gulf to Australia route will remain openFreight costs estimated at $20 a barrel for the shipmentsBy Tr...Reuters
3 hours ago
