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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.
Russia accuses US and Israel of trying to drag Arab countries into a wider Middle East conflict
MOSCOW, March 5 (Reuters) - Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East conflict by provoking Iran into striking targets across the region and said there was no sign Washington and Tel Aviv would let up. Arab states in the Gulf, ...Reuters
6 minutes ago
Global economy faces inflation and growth test amid escalating conflict in Iran - Goldman
March 5 (Reuters) - A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows.Under its baseline forecast, Goldman expects oil prices to i...Reuters
8 minutes ago
EUROPE GAS-European gas prices rise as Putin suggests supply cut
LONDON, March 5 - Benchmark Dutch and British wholesale gas prices rebounded on Thursday morning after a drop in the previous session, after President Vladimir Putin warned Russia could halt its remaining gas flows to Europe, adding to concerns about supply after Qatar announced force majeure on LNG...Reuters
9 minutes ago
Bunge exploring alternative shipping routes amid Middle East conflict
By Sumit Saha March 5 (Reuters) - Global grains trader Bunge BG.N is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.Shipping through the Strait of Hormuz, a vital globa...Reuters
20 minutes ago
Kremlin says no sign EU has changed its position on Nord Stream amid Iran war
MOSCOW, March 5 (Reuters) - The Kremlin said on Thursday that there is no sign that the European Union has changed its position on resuming gas flows from Russia via the Nord Stream pipelines under the Baltic Sea, parts of which were blown up in 2022.Reuters
20 minutes ago
Crude tanker Sonangol Namibe's hull likely breached after blast near Iraq port, company representative says
LONDON, March 5 (Reuters) - The Bahamas flagged crude oil tanker Sonangol Namibe's hull was likely to have been breached after being hit by blast while anchored near Iraq’s Khor al Zubair port, representative company Sonangol Marine Services said on Thursday.The vessel was approached by an unkno...Reuters
24 minutes ago
Impala Platinum cool on new projects despite price rally
Impala posts five-fold jump in HY profitElectric vehicles remain a long-term threat, CEO saysFocus is on mine life extension, not new minesImpala weighing Canada mine extension beyond 2027By Nelson Banya March 5 (Reuters) - The current rally in prices of platinum group metals does not justify new...Reuters
25 minutes ago
Oil rises 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 Enes Tunagur LONDON, March 5 (Reuters) - Oil prices rose on Thursday, extending a rally as the escalating U.S.-Israeli war with Ir...Reuters
30 minutes ago
Bunge exploring alternative shipping routes amid Middle East conflict
March 5 (Reuters) - Global grains trader Bunge BG.N is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a spokesperson told Reuters.Reuters
35 minutes ago
Russia accuses US and Israel of trying to drag Arab countries into a wider Middle East conflict
MOSCOW, March 5 (Reuters) - Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East conflict by provoking Iran into striking at targets across the region."They deliberately provoked Iran into retaliatory strikes against targets in some Ar...Reuters
37 minutes ago
PRECIOUS-Gold rises on Iran war safe-haven bid; firm dollar limits upside
Israel launches strikes on IranWeekly U.S. jobless claims data due at 1330 GMTFebruary U.S. employment report due on Friday By Pablo Sinha March 5 (Reuters) - Gold prices rose on Thursday, lifted by safe-haven demand amid an escalating war in the Middle East, while a stronger dollar and concerns...Reuters
42 minutes ago
Hapag-Lloyd implements contingency procedures for Gulf shipments
BERLIN, March 5 (Reuters) - German shipping company Hapag-Lloyd HLAG.DE said on Thursday it would implement contingency procedures for shipments that are already in transit to and from the Upper Gulf region following the suspension of all shipments to and from the area. Measures, such as deviating v...Reuters
53 minutes ago
Iran says it hits U.S. oil tanker in Gulf, no immediate confirmation
DUBAI, March 5 (Reuters) - Iran's Revolutionary Guards said on Thursday that they had hit a U.S. tanker in the northern part of the Gulf and the vessel was on fire. There was no immediate confirmation of the incident or of a similar attack that Iran claimed earlier this week.The Guards said in t...Reuters
59 minutes ago
Iran warns US after frigate sunk, Sri Lanka says trying to safeguard lives on second Iranian ship
Sri Lanka dealing with another Iranian ship in its economic zoneSri Lanka sends freezers for bodies recovered from IRIS Dena sunk by US32 rescued sailors treated for minor injuries, hospital release expectedBy Uditha Jayasinghe GALLE, Sri Lanka, March 5 (Reuters) - Sri Lanka said it was trying to...Reuters
an hour ago
Italy ready to hike taxes on firms that speculate on energy prices, PM says
ROME, March 4 (Reuters) - Italy is ready to hike taxes on companies that take undue benefits from the rise in gas prices triggered by the Middle East crisis, Prime Minister Giorgia Meloni said on Thursday.In an interview with radio broadcaster RTL 102.5, Meloni also reiterated Italy was in favour of...Reuters
an hour ago
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
2 hours 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
2 hours ago
