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Gold tanks as US Dollar surges in tandem with Oil prices
Gold (XAU/USD) price plummets nearly 2.50% on Thursday as Oil prices rise amid uncertainty about a possible agreement between the US and Iran, adding upward pressure on inflation and pushing the Greenback higher. At the time of writing, XAU/USD trades at $4,394 after reaching a daily high of $4,544.
Fxstreet
14 minutes ago
G7 to discuss repair works for Chornobyl nuclear plant, France says
VAUX-DE-CERNAY, France, March 26 (Reuters) - The foreign ministers of the G7 group of nations will discuss repair works worth about 500 million euros ($576.30 million) for the protective shield of Ukraine's Chornobyl nuclear plant, France's foreign minister Jean-Noel Barrot said on Thursday...Reuters
17 minutes ago
Turkey condemns attack on Black Sea oil tanker that departed Russia
Incident one of series involving sanctioned vessels in Black Sea27 crew members safe, Coast Guard dispatched to Altura tanker Closely monitoring risks posed in the Black Sea by drones - Turkey's defence ministryISTANBUL, March 26 (Reuters) - A marine drone struck a crude oil tanker that had depa...Reuters
28 minutes ago
US Plains HRW Wheat-Basis steady as traders keep close eye on dry weather in Southern Plains
CHICAGO, March 26 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in a spot check of locations in the southern U.S. Plains on Thursday. The U.S. Department of Agriculture on Thursday reported net weekly U.S. HRW export sales of 165,674 metric tons of HRW wheat for the current ...Reuters
32 minutes ago
CERAWEEK-Private firms spearhead global shale push as US public operators stay home
Private firms lead global shale expansion, echoing early US revolutionPlayers bring expertise in fracking, have size to overcome on-the-ground challengesSome national oil companies soliciting US firms to help develop local shalePublic US operators wary of overseas exploration due to cost, risk of sh...Reuters
52 minutes ago
Pernod Ricard held merger talks with Jack Daniel's maker, source says
By Emma Rumney March 26 (Reuters) - French spirits maker Pernod Ricard PERP.PA and Jack Daniel's owner Brown‑Forman BFb.N have held talks over a possible merger, a source familiar with the matter told Reuters, as the industry grapples with slowing demand and tariff pressures.The possibility o...Reuters
53 minutes ago
PRECIOUS-Gold falls as markets assess prospects of Iran ceasefire
US plan for ending war 'one-sided', senior Iranian official saysUS weekly jobless claims increase slightlySilver, palladium down 5% By Ashitha Shivaprasad March 26 (Reuters) - Gold prices retreated on Thursday, hurt by a firmer dollar and higher oil prices that kept inflation fears intact...Reuters
56 minutes ago
US imports of Parmesan slide in January, Iran war may push up prices
By Giancarlo NavachMILAN, March 26 (Reuters) - U.S. imports of Italian Parmesan fell 16% in January compared with the same month last year, amid uncertainty over tariffs, the head of the consortium of the cheese's producers said on Thursday, warning that conflict in the Middle East could push pr...Reuters
an hour ago
Polish fuel tax cuts to cost PLN 1.6 bln per month, minister says
WARSAW, March 26 (Reuters) - Poland's decision to lower value added tax (VAT) on fuel is expected to cost 900 million zlotys ($242.88 million) per month and the cost of lowering excise tax is seen at 700 million zlotys per month, Polish Finance Minister Andrzej Domanski said on Thursday.Poland w...Reuters
an hour ago
Trump says Iran's 'present' to US was allowing 10 oil tankers through Hormuz
WASHINGTON, March 26 (Reuters) - U.S. President Donald Trump said on Thursday that Iran was letting 10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations.Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously descr...Reuters
2 hours ago
Ukraine using strikes to pressure Russia after oil sanctions eased, Zelenskiy says
Zelenskiy criticizes easing of international oil sanctions on RussiaWashington's waiver allows purchase of stranded Russian oilUkraine's drone attacks halt 40% of Russia's oil export capacityBy Daniel Flynn and Olena Harmash KYIV, March 26 (Reuters) - Ukraine is using long-range strik...Reuters
2 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 26 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financia...Reuters
2 hours ago
GRAINS-Chicago grains subdued as war uncertainty weighs
Traders await US biofuel targets and USDA acreage estimatesSoybean market eyes Chinese demand ahead of Trump's Beijing visitBy Heather Schlitz CHICAGO, March 26 (Reuters) - Chicago corn and wheat futures seesawed on Thursday while soybeans ticked higher as traders monitored developments in th...Reuters
2 hours ago
Trump to announce actions to help US farmers on Friday
By Steve Holland WASHINGTON, March 26 (Reuters) - President Donald Trump on Thursday said his administration will announce actions to help U.S. farmers on Friday, as the White House prepares to host hundreds of farmers, ranchers and executives for an event highlighting the agricultural sector.Th...Reuters
3 hours ago
Trump suggests that Iran let 10 oil tankers through Strait of Hormuz
WASHINGTON, March 26 (Reuters) - U.S. President Donald Trump suggested on Thursday that Iran let ten tankers of oil transit the Strait of Hormuz, including some Pakistan-flagged vessels.Trump made the comments at a Cabinet meeting in the White House.Reuters
3 hours ago
Trump says the US often diverts weapons following reports that Ukraine military aid could shift
WASHINGTON, March 26 (Reuters) - President Donald Trump said on Thursday that the U.S. often diverts weapons from one region to another, responding to reports that the Pentagon might redirect weapons originally meant for Ukraine to the Middle East. "We do that all the time," Trump said at...Reuters
3 hours ago
