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Gold Edges Lower in Early Asian Trade as Inflation and Dollar Suppress Gold’s Safe-Haven Value
TradingKey - During the early Asian session on March 6, spot gold (XAUUSD) maintained a volatile and slightly downward trend, currently trading near $5,074/oz. Meanwhile, spot silver (XAGUSD) edged up 0.21% to $82.07.
Senate Democrats say they are ready to resume permitting reform talks
March 5 (Reuters) - Senate Democrats are ready to restart negotiations on legislation to speed permitting large infrastructure projects, two lawmakers announced on Thursday, saying they were encouraged by the Trump administration's recent moves to review renewable energy project applications tha...Reuters
15 minutes ago
Amazon says it fixed issue that led to website outage for thousands
By Anhata Rooprai March 5 (Reuters) - Amazon AMZN.O said on Thursday it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers.The disruption, which began around 2:00 p.m. ET, gradually eased to less than 650 incidents of p...Reuters
20 minutes ago
TECHNICALS-US oil to retest $81.95; upside opens toward $100
For more technical analyses, click SINGAPORE, March 6 (Reuters) - U.S. oil CLc1 is expected to retest a resistance at $81.95 per barrel, a break above could lead to a gain into the $83.23 to $84.03 range.A five-wave cycle from $63.61 looks incomplete. The fifth wave labelled 5 is unfolding. It consi...Reuters
36 minutes ago
GRAINS-Soybeans set for fifth week of gains on crude oil rally
SINGAPORE, March 6 (Reuters) - Chicago soybeans ticked up on Friday, heading for a fifth straight weekly gain, on a rally in crude oil prices amid the Iran conflict and expectations of stronger Chinese demand.Wheat inched higher, but the market is set to end the week in negative territory on improve...Reuters
38 minutes ago
Silver Price Forecast: XAG/USD jumps above $82.00 amid Iran conflict, US jobs data awaited
Silver price (XAG/USD) holds positive ground near $82.20 during the early Asian session on Friday. The ongoing US-Israeli campaign against Iran provides safe-haven support, boosting the white metal. Traders await the release of the key US employment report for February for fresh impetus.Fxstreet
41 minutes ago
PRECIOUS-Gold holds steady as traders gauge economic impact of Middle East war
March 6 (Reuters) - Gold prices were largely steady on Friday, after dropping more than 1% in the previous session, as investors stayed on the sidelines assessing the impact of a widening Middle East conflict on the global economy. FUNDAMENTALSSpot gold XAU= held its ground at $5,076.09 per ounce...Reuters
43 minutes ago
Shell signs oil and gas, exploration agreements with Venezuela
Shell signs agreements with Venezuelan government for oil and gas projectsAgreements include exploration, local content, and workforce developmentVenezuela's oil reform aims to boost foreign investment and economic stability March 5 (Reuters) - Oil major Shell SHEL.L inked several oil agreeme...Reuters
an hour ago
EXCLUSIVE-Indian refiners buying prompt Russian oil as Iran war hits supplies, sources say
US issues 30-day waiver allowing India to buy Russian oil stranded at seaIran conflict has disrupted India's Middle East crude shipmentsIndia gets 40% of its crude through Strait of HormuzIndian state refiners have bought 20 million barrels of prompt Russian oil, one source saysBy Nidhi Verma, J...Reuters
2 hours ago
Ukraine says Hungary detains Ukrainian bank employees after leaders trade accusations
Ukrainian foreign minister says Hungary 'taking hostages and stealing money'Ukraine demands release of bank employeesHungarian PM accuses Kyiv of deliberately stopping Russian oilUkrainian president taunts Hungarian leaderOrban makes war in Ukraine a focal point of election campaignBy Olena ...Reuters
2 hours ago
US not expanding military objectives in Iran, Hegseth says
Iran's regional retaliation strengthen US alliances, Hegseth saysUS forces destroy 30 Iranian warships, including drone carrierIran's miscalculation on US war sustainability, Hegseth warnsBy Phil Stewart TAMPA, Florida, March 5 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Thurs...Reuters
2 hours ago
US issued 30-day waiver to allow Russian oil sale to India, senior US officials say
WASHINGTON, March 5 (Reuters) - The United States government has issued a temporary, 30-day waiver to allow for the sale of Russian oil currently stranded at sea to continue to India, two senior U.S. officials told Reuters on Thursday.Reuters
2 hours ago
US President Donald Trump administration seeks to tame oil prices
US Interior Secretary Doug Burgum said that the US President Donald Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Bloomberg reported on Friday.Fxstreet
3 hours ago
US tentatively approves budget carrier Wizz Air's request to operate UK-US flights
By David Shepardson WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air WIZZ.L to operate flights between the UK and the U.S., saying it was in the public interest. In January, the UK subsidiary of Wizz A...Reuters
3 hours ago
US weighs oil futures market action to combat price spikes, White House official says
US Treasury to announce measures as soon as Thursday, official saysOil futures market intervention reflects Treasury Secretary Bessent's backgroundAnalysts question effectiveness of financial tools in energy markets, want detailsBy Jarrett Renshaw March 5 (Reuters) - The U.S. Treasury Departm...Reuters
3 hours ago
US Plains HRW Wheat-Basis steady as dryness expands in Plains
CHICAGO, March 5 (Reuters) - Basis bids for hard red winter wheat were largely steady in the southern U.S. Plains on Thursday, as protein premiums rose and traders monitored the risk for drought to hurt crops.Protein premiums for railcar HRW wheat to and through Kansas City rose by 7 to 12 cents a b...Reuters
3 hours ago
South Bow moves to revive parts of Keystone XL with binding shipper commitments
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada's crude exports to the United States by more...Reuters
3 hours ago
CIF/FOB Gulf Grain-Corn, soy basis flat-lower on easing barge freight, higher futures
CHICAGO, March 5 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were flat to weaker on Thursday on higher futures prices and easing river freight costs, traders said.Farmer sales of corn and soybeans to barge-loading river elevators have increased this wee...Reuters
3 hours ago
