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Gold drifts lower to near $5,000 as Fed rate-cut hopes fade
Gold price (XAU/USD) trades with mild losses near $5,000 during the early Asian session on Tuesday. The precious metal extends the decline as hopes fade for the US Federal Reserve (Fed) to lower interest rates this year. All eyes will be on the Fed interest rate decision later on Wednesday.
Fxstreet
29 minutes ago
US Plains HRW Wheat-Basis flat as wheat futures dip, dry weather in focus
CHICAGO, March 16 (Reuters) - Basis bids for hard red winter (HRW) wheat held steady in the U.S. Plains on Monday while a retreat in K.C. HRW wheat futures KWK26 discouraged farmer grain sales after an uptick in cash sales last week.Protein premiums for railcar wheat to or through Kansas City were u...Reuters
34 minutes ago
US average diesel prices cross $5 a gallon as Middle East War tests global economy
By Shariq Khan NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Economists have warned that surging diesel...Reuters
41 minutes ago
CIF/FOB Gulf Grain-Soybean barge bids drop on China demand worries
CHICAGO, March 16 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals weakened on Monday on worries about demand from top importer China and easing barge freight costs, traders said.U.S. President Donald Trump is seeking to delay a highly anticipated trip to China ...Reuters
an hour ago
WRAPUP 9-Trump upset as US partners reject call for Hormuz warship escorts
US-Israeli war on Iran enters third week, boosting global oil pricesSeveral allies decline US call to escort shipping in HormuzIsrael has at least three weeks of plans for military strikesIran fires at Israel, launches drone attacks on UAE and BahrainBy Bo Erickson, Alexander Cornwell and Parisa Haf...Reuters
2 hours ago
Trump seeks to delay meeting with China's Xi by 'a month or so'
Trump's China trip may be delayed due to Iran war focusTensions rise over Iran crisis, trade, and Taiwan issuesPreparations for Trump-Xi meeting continue despite potential delayBy Bo Erickson and Trevor Hunnicutt WASHINGTON, March 16 (Reuters) - U.S. President Donald Trump on Mond...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
March 16 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Monday.WCS for April delivery in Hardisty, Alberta, settled at $13.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with ...Reuters
2 hours ago
ANALYSIS-Gulf states press US to neutralise Iran for good as Hormuz crisis deepens
Gulf states now urge Washington not to stop short, sources say US presses Gulf states to join war, according to diplomatsGulf anger hardened after Iran struck oil hubs, ports, citiesQuick end might let Iran threaten oil lifeline again in future Gulf leaders see degrading Iran’s power as long-term pr...Reuters
2 hours ago
Operations at UAE's Shah gas field suspended after drone attack, media office says
CAIRO, March 16 (Reuters) - Operations at the United Arab Emirates' Shah gas field have been suspended while damage is being assessed following a drone attack, Abu Dhabi's media office said on Monday. Authorities contained and brought the fire caused by the attack under control, the medi...Reuters
2 hours ago
FAA to resume hearing Thursday on plan to reduce flights at Chicago O'Hare
By David ShepardsonWASHINGTON, March 16 (Reuters) - The Federal Aviation Administration on Monday said it will resume a meeting on Thursday with airlines to cut flights at Chicago O'Hare International Airport.The FAA said it wants to cut flights this summer to 2,608 per day after last month prop...Reuters
2 hours ago
ANALYSIS-Gulf states press US to neutralise Iran for good as Hormuz crisis deepens
Gulf states now urge Washington not to stop short, sources say US presses Gulf states to join war, according to diplomatsGulf anger hardened after Iran struck oil hubs, ports, cities Quick end might let Iran threaten oil lifeline again in future Gulf leaders see degrading Iran’s power as long-term p...Reuters
2 hours ago
JBS workers launch first US meatpacking strike in 40 years, union says
Workers strike over pay, equipment at Colorado beef plantJBS may not want to resolve dispute quickly, economists sayUS consumers face record costs for steaks, hamburgersBy Tom Polansek CHICAGO, March 16 (Reuters) - Striking JBS Z98.F employees took to the streets of Greeley, Colorado, before sunr...Reuters
2 hours ago
CORRECTED-WRAPUP 8-Trump upset as key US partners shun call for Hormuz warship escorts
US-Israeli war on Iran enters third week, boosting global oil pricesSeveral allies decline US call to escort shipping in HormuzIsrael has at least three weeks of plans for military strikesIran fires at Israel, launches drone attacks on UAE and BahrainBy Bo Erickson, Maayan Lubell and Parisa Hafezi ...Reuters
3 hours ago
Cuba's national electric grid collapses, leaving millions without power
US oil blockade worsens Cuba's power crisisTrump cut off Venezuelan oil shipments to CubaAround 10 million people left without power By Dave Sherwood HAVANA, March 16 (Reuters) - Cuba's national electric grid collapsed on Monday, the country's grid operator said, leaving around 10 mil...Reuters
3 hours ago
More than 12,500 US flights delayed or canceled due to major storms
By David ShepardsonWASHINGTON, March 16 (Reuters) - More than 12,500 U.S. flights were delayed or canceled Monday during a series of storms affecting several major airports along the East Coast and some other locales.Because of the risk of high winds and severe thunderstorms, the Federal Aviation Ad...Reuters
3 hours ago
FAA to resume hearing Thursday to cut flights at Chicago O'Hare
WASHINGTON, March 16 (Reuters) - The Federal Aviation Administration on Monday said it will resume a meeting on Thursday with airlines to sharply cut flights at Chicago O'Hare International Airport.The FAA said it wants to cut flights this summer to 2,608 per day after last month proposing a 2,8...Reuters
3 hours ago
GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
By Renee Hickman CHICAGO, March 16 (Reuters) - Chicago soybeans experienced their biggest daily drop since 2023, falling to their daily limit on Monday after hitting near two-year highs last week as a potential delay to U.S. President Donald Trump's meeting with Chinese President Xi Jinping l...Reuters
3 hours ago
