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Gold rises on softer US Dollar, traders await Trump's address on Iran war
Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.
Fxstreet
43 minutes ago
KGL Resources Signs $300 Mln Agreement With Wheaton
April 2 (Reuters) - KGL Resources Ltd KGL.AX:US$300MILL AGREEMENT FOR AG AND AU STREAMING WITH WHEATONENTERED PRECIOUS METALS PURCHASE AGREEMENT WITH WHEATON PRECIOUS METALS INTERNATIONALPMPA WILL, IN PART, FUND CONSTRUCTION AND DEVELOPMENT OF JERVOIS COPPER PROJECT IN NORTHERN TERRITORY, AUSTRALIAReuters
47 minutes ago
Wheaton Precious Metals Acquires A Gold & Silver Stream On Jervois Project Via Partnership With KGL Resources
April 1 (Reuters) - Wheaton Precious Metals Corp WPM.TO:WHEATON PRECIOUS METALS ANNOUNCES ACQUISITION OF A GOLD AND SILVER STREAM ON THE JERVOIS PROJECT THROUGH A PARTNERSHIP WITH KGL RESOURCESWHEATON PRECIOUS METALS CORP - WPMI TO PAY KGL $275 MILLION UPFRONT CASH CONSIDERATIONWHEATON PRECIOUS META...Reuters
50 minutes ago
Colonial Pipeline shuts gasoline Line 1 after damage from third-party crew in Georgia
April 1 (Reuters) - Colonial Pipeline said on Wednesday it has shut its Line 1 gasoline pipeline after a third-party well-drilling crew damaged the pipeline in Paulding County, Georgia, on Tuesday.Line 1 delivers some 1.5 million barrels of gasoline each day from Houston, Texas, to storage tanks in ...Reuters
59 minutes ago
Auto industry group calls for scrapping US gas tax, adopting vehicle fee
By David ShepardsonApril 1 (Reuters) - The head of a group representing nearly all major automakers on Wednesday called for scrapping the U.S. government's 18.4-cent per gallon tax on gasoline and replacing it with a vehicle fee to pay for road repairs.John Bozzella, who heads the Alliance for A...Reuters
an hour ago
Australia to offer businesses $693 million in cheap loans to ease fuel cost pressure
By Renju Jose SYDNEY, April 2 (Reuters) - Australia will provide up to A$1 billion ($693 million) in interest-free loans to critical businesses, including transport operators and fertiliser producers, Prime Minister Anthony Albanese will say on Thursday, as they grapple with surging fuel costs.Th...Reuters
an hour ago
Venezuela's oil exports surpassed 1 million bpd for the first in 6 months, shipping data shows
Trading houses carried about 58% of total oil exportsChevron's shipments of Venezuelan oil rose to 267,000 bpdLarger vessels bound for India helped drain stocksBy Marianna Parraga and Mircely GuanipaApril 1 (Reuters) - Venezuela's monthly oil exports surpassed 1 million barrels per day in Ma...Reuters
2 hours ago
LIVESTOCK-US cattle futures climb higher on technical trading; USDA weighs reopening Mexico border
By P.J. HuffstutterCHICAGO, April 1 (Reuters) - Chicago Mercantile Exchange cattle futures continued to rise on Wednesday on technical trading and expectations of strong grilling season demand, as feeder cattle futures shook off early session pressure over the potential of the U.S.-Mexican border re...Reuters
2 hours ago
Venezuela's oil exports surpassed 1 million bpd for the first in 6 months -shipping data
April 1 (Reuters) - Venezuela's oil exports surpassed 1 million barrels per day in March, the first time since September, with sales to refiners in India and shipments by trading houses to the Caribbean for storage pushing up the volumes, according to ship tracking data.Reuters
3 hours ago
Auto industry group calls for scrapping US gas tax, adopting vehicle fee
April 1 (Reuters) - The head of a group representing nearly all major automakers on Wednesday called for scrapping the U.S. government's 18.4-cent per gallon tax on gasoline and replacing it with a vehicle fee to pay for road repairs.John Bozzella, who heads the Alliance for Automotive Innovatio...Reuters
3 hours ago
Trump expected to overhaul steel and aluminum tariffs, WSJ reports
April 1 (Reuters) - The Trump administration is preparing to reshape its steel and aluminum tariffs regime, keeping a 50% tariff for commodity-grade steel and aluminum products while finished products made with imported steel and aluminum would be tariffed at 25%, The Wall Street Journal reported on...Reuters
3 hours ago
Oil slides after Trump says US will end its war on Iran soon
US could be out of Iran 'pretty quickly', Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsBy Shariq Khan NEW YORK, April 1 (Reuters) - Oil prices settled lower on Wednesday after President Donald Trump said that the U.S. woul...Reuters
3 hours ago
EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
Rodriguez was removed from Treasury's sanctions listClearance, license from OFAC needed to make any board changesRodriguez could move to change law firms representing VenezuelaFear of retaliation spreading among some executives who could resign to avoid confrontations By Marianna Parraga and Dei...Reuters
4 hours ago
US LNG exports break record high as Middle East war disrupts global supply
Middle East conflict cuts global LNG supply, boosting US exports to record levelsNew US capacity from Golden Pass and Cheniere expansions could drive further export growthEurope remains top US LNG buyer, but Asian demand surges as prices riseBy Curtis Williams HOUSTON, April 1 (Reuters) - U.S. ex...Reuters
4 hours ago
US to loan up to 10 million barrels of SPR oil from Bryan Mound site, Energy Department says
WASHINGTON, April 1 (Reuters) - The U.S. Energy Department said on Wednesday that it would loan up to 10 million barrels of crude oil from the strategic petroleum reserve site in Bryan Mound, and will accept proposals from companies until 11 am central time (1600 GMT) on April 6.The United States is...Reuters
4 hours ago
CBOT wheat futures slump on technical trading, Middle East conflict news
CHICAGO, April 1 (Reuters) - Chicago Board of Trade wheat futures slumped on Wednesday, interrupting a six-session rally built on concern about worsening crop conditions in the U.S. wheat belt, market analysts said.Grain futures turned lower on the day in a broader flurry of technical trading, as in...Reuters
4 hours ago
US to loan up to 10 million barrels of SPR oil from Bryan Mound site, Energy Department says
WASHINGTON, April 1 (Reuters) - The U.S. Energy Department said on Wednesday that it would loan up to 10 million barrels of crude oil from the strategic petroleum reserve site in Bryan Mound, and will accept proposals from companies until 11 am central time (1600 GMT) on April 6.Reuters
4 hours ago
US natural gas futures fall due to lower global energy prices, mild weather
April 1 (Reuters) - U.S. natural gas futures edged down on Wednesday, in step with a drop in global energy prices and on expectations that mild weather would squeeze demand, as traders also continued to monitor the Middle East war.Front-month gas futures NGc1 for May delivery on the New York Mercant...Reuters
5 hours ago
GRAINS-Chicago grain, soybean futures slide as Trump signals Iran conflict may ease
CBOT wheat, corn, soybeans fall as investors react to Middle East conflict developmentsCrude oil fall counters support from U.S. planting data, Plains droughtTrump comments raise expectations of war de-escalationBy P.J. Huffstutter CHICAGO, April 1 (Reuters) - Chicago Board of Trade corn, wheat a...Reuters
5 hours ago
Gold nears $4,800 as fading Dollar lifts bullion for fourth consecutive day
Gold (XAU/USD) price rallies for a fourth straight day on Wednesday, hitting a two-week high near $4,800 as the Greenback depreciates amid growing speculation of an end to the Middle East conflict. At the time of writing, the XAU/USD pair trades at $4,758, up nearly 2%.Fxstreet
5 hours ago
