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Gold Price Forecast: XAU/USD holds gains above $4,300 on prospect of further Fed rate cuts
Gold price (XAU/USD) extends its upside to around $4,305, the highest since October 21, during the early Asian trading hours on Tuesday. The precious metal edges higher on further US Federal Reserve (Fed) cut bets. The US Nonfarm Payrolls (NFP) report will take center stage later on Tuesday.
Fxstreet
8 minutes ago
FAA to tell Congress it is taking action after fatal collision exposed safety gaps
FAA to open new aviation safety office, improve hiring and trainingTransportation Secretary criticizes FAA for inaction before fatal January crashNTSB chair says FAA ignored warnings about safety issuesBy David Shepardson WASHINGTON, Dec 15 (Reuters) - The Federal Aviation Administration is takin...Reuters
10 minutes ago
Flash flood warnings follow levee breach in Washington state
Dec 15 (Reuters) - A levee breach in Washington state following days of heavy rain led to a flash flood warning and evacuation orders, but authorities said on Monday that repairs were underway. King County's director of emergency management Brendan McCluskey told the Seattle Times that repairs...Reuters
31 minutes ago
LIVESTOCK-CME livestock contracts dip amid broader agricultural sell-off
By P.J. Huffstutter CHICAGO, Dec 15 (Reuters) - Chicago Mercantile Exchange (CME) livestock contracts dipped on Monday, as investors shrugged off strength in wholesale beef prices and the cash cattle markets amid a broad sell-off in agricultural futures, traders said.Meanwhile, lean hog futures f...Reuters
38 minutes ago
CIF/FOB Gulf Grain-Spot soy barge bids ease, deferred values steady on good demand
CHICAGO, Dec 15 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals in December were lower on Monday in light trading, while bids for barges loaded in January and beyond held mostly steady on recent improved demand from China, traders said.CIF corn basis bids were mostl...Reuters
an hour ago
Trump weighs order to loosen federal marijuana restrictions
Trump considers reclassifying marijuana as less dangerous drugReclassification could boost cannabis industry and research fundingFeds currently treat weed, alongside heroin, as having no accepted medical useBy Trevor HunnicuttWASHINGTON, Dec 15 (Reuters) - U.S. President Donald Trump said on Monday ...Reuters
an hour ago
Ovintiv inks deal for liquefaction capacity at Canada's Cedar LNG facility
Dec 15 (Reuters) - Oil and natural gas producer Ovintiv Inc OVV.N on Monday announced a deal with Pembina Pipeline's subsidiary for liquefaction capacity at the planned Cedar LNG facility. The agreement gives Ovintiv 0.5 mtpa of liquefaction and transportation capacity at Cedar LNG for 12 ye...Reuters
an hour ago
US Cash Crude-Grades ease amid weak export demand
HOUSTON, Dec 15 (Reuters) - U.S. cash crude grades eased to their lowest levels since October on Monday as oversupply concerns pushed down export demand.WTI Midland eased 5 cents, while WTI at East Houston eased 10 cents. The spread between WTI and Brent widened to minus $3.88, but stayed narrower...Reuters
an hour ago
REFILE-USDA must give states more time to implement new food aid restrictions, judge rules
Judge rules USDA wrong on when compliance grace period endsStates had also challenged USDA guidance on immigration-related SNAP restrictionsUSDA revised guidance last weekBy Nate Raymond Dec 15 (Reuters) - A federal judge on Monday ordered U.S. President Donald Trump's administration to exten...Reuters
an hour ago
US Cash Grains-Some processors lift corn, soybean basis bids
CHICAGO, Dec 15 (Reuters) - Corn and soybean basis bids rose at some processing facilities in the U.S. Midwest on Monday as farmer selling slowed, dealers said.A Chicago-area corn processor raised its spot basis bid by 4 cents a bushel, while a processor in Decatur, Illinois, lifted its bid by 5 cen...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select narrows
Dec 15 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Monday.WCS for January delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.80 on...Reuters
2 hours ago
Flash flood warnings follow levee breach in Washington state
Dec 15 (Reuters) - A levee breach in Washington state following days of heavy rain has led to a flash flood warning and evacuation orders, authorities said on Monday.The National Weather Service said it had issued a flash flood warning after a failure at the Desimone Levee in Tukwila along the Green...Reuters
2 hours ago
US Plains HRW Wheat-Basis bids flat, futures near eight-week low
CHICAGO, Dec 15 (Reuters) - Spot basis bids for hard red winter wheat stayed unchanged in the U.S. southern Plains on Monday, dealers said, as futures prices reached their lowest level in about eight weeks.Domestic and export business was lackluster, a broker said.The U.S. Department of Agriculture ...Reuters
3 hours ago
FAA to reform safety efforts
WASHINGTON, Dec 15 (Reuters) - The Federal Aviation Administration said on Monday it plans to open a new aviation safety office as part of a strategic plan to improve hiring, training and proactively identify hazards before incidents occur.FAA Administrator Bryan Bedford unveiled the "Flight Pla...Reuters
3 hours ago
Investment firms KKR and HASI commit further $1 billion to power infrastructure venture
By Isla BinnieNEW YORK, Dec 15 (Reuters) - KKR KKR.N and investment group HA Sustainable Infrastructure Capital (HASI) HASI.N have added a combined $1 billion to a partnership set up to invest in clean energy assets in the United States and meet voracious demand for power driven by the build-out of ...Reuters
3 hours ago
Brazil coffee export decline eases after US removes tariffs
SAO PAULO, Dec 15 (Reuters) - Brazil's coffee exports in early December fell 5.1% from a year earlier, a smaller decline when compared to the previous months after the U.S. removed tariffs on coffee, Brazilian government data showed on Monday.Daily shipments in December's first 10 business d...Reuters
3 hours ago
GRAINS-Soybeans touch seven-week low on broad sell-off in agriculture markets
Soybean futures pressured by US export pace, Brazilian harvest expectationsMarket frustrated by US Commodity Futures Trading Commission data delaysCorn futures weighed by cheap Argentine feed wheatBy P.J. Huffstutter CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade soybean futures touched a sev...Reuters
3 hours ago
US natural gas futures dip 3% as mild weather curbs demand
Milder weather forecasts reduce natural gas demandRecord gas output allows for ample storageGlobal gas prices decline amid mild winter and Ukraine peace hopesLNG export feedgas near record highBy Scott DiSavino NEW YORK, Dec 15 (Reuters) - U.S. natural gas futures slid about 3% to a fresh six-wee...Reuters
3 hours ago
Marathon Galveston Bay, Texas Refinery Reports Unit Experienced Control Valve Issue
Dec 15 (Reuters) - MARATHON petroleum: REPORTS EMISSIONS FROM MAIN FLARE ES17 AT GALVESTON BAY, TEXAS REFINERY REPORTS BAY PLANT GAS CON UNIT EXPERIENCED A CONTROL VALVE ISSUEREPORTS OPERATIONS RESPONDED QUICKLY TO TROUBLESHOOT THE CONTROL VALVE BUT COULD NOT RETURN IT TO SERVICEREPORTS THE VALVE WA...Reuters
3 hours ago
Chicago wheat futures fall as Argentina boosts global supply
CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade wheat futures closed lower on Monday amid a broad selloff in agriculture markets, as Argentina's large crop kept world supplies plentiful and weighed on prices, traders said.CBOT March soft red winter wheat WH26 settled down 8-1/2 cents at $5.20...Reuters
4 hours ago
