Commodities news

War in Ukraine Threatens Global Food Crisis

War in Ukraine Threatens Global Food Crisis

257
Commodities news
13.03.2022

Global wheat prices hit an all-time high last week. Wheat supplies from Russia and Ukraine, which together account for almost 30% of global wheat trade, are starting to dwindle. Another major looming problem is access to fertilizers. Global fertil...

Gold Price Swings as Investors Seek Safe Haven

Gold Price Swings as Investors Seek Safe Haven

209
Commodities news
11.03.2022

Gold continues to play a key role in the global economy, first in the fight against inflation and now in Russia’s invasion of Ukraine. The metal fell by the biggest margin in seven months amid a large selloff in commodities after a top Ukrai...

Stocks Fall After the US and Allies Consider Banning Russian Oil

Stocks Fall After the US and Allies Consider Banning Russian Oil

219
Commodities news
07.03.2022

Stocks around the world tumbled as the US and its allies mulled over banning Russian oil, a last-ditch move that could have devastating effects on the global economy. Oil prices soared to their highest level in 13 years, prompting widespread fears...

Copper Prices Rise as Inflation Fears Mount

Copper Prices Rise as Inflation Fears Mount

254
Commodities news
13.02.2022

The price of London copper rose on Monday as investors continued to look for a hedge against inflation, which shows no sign of cooling down. The three-month copper price on the London Metal Exchange (LME) climbed 0.4% to $9,899.5 a ton. According...

Strong Dollar Pushes Gold Towards Six-Month Lows

Strong Dollar Pushes Gold Towards Six-Month Lows

283
Commodities news
30.01.2022

The price of gold tumbled for a fourth consecutive session on Monday, pushing the precious metal toward its biggest monthly fall in nearly six months. The drop was fueled by a strengthening US Dollar that continued to rise on the back of important...

Oil Prices Remain High on Supply Concerns

Oil Prices Remain High on Supply Concerns

286
Commodities news
20.01.2022

Responding to lingering concerns over supply, oil prices responded to strong short-term demand by trading at highs last seen in 2014. After last week’s trading, Brent crude futures reached $89.17 a barrel, its highest level since October 201...

Copper Prices Weak on Dollar Strength

Copper Prices Weak on Dollar Strength

317
Commodities news
07.01.2022

Copper prices climbed at the end of the week’s trading, in keeping with a bounce from global equities. However, the commodity was still on a downward trend overall. The US Dollar’s rising strength, plus the growing anticipation of a pr...

Oil Price Consolidates Despite Lingering Omicron Fears

Oil Price Consolidates Despite Lingering Omicron Fears

305
Commodities news
05.01.2022

Oil prices rallied on Wednesday as investors monitored the rising number of cases of the Omicron COVID-19 variant. Although there is mounting evidence that Omicron produces milder symptoms, it is still highly transmissible. Spiraling case numbers in...

Climate Pledges Affecting Iron Ore Prices in China

Climate Pledges Affecting Iron Ore Prices in China

323
Commodities news
31.12.2021

China’s efforts to reduce its climate footprint resulted in a 12% drop in Asian Benchmark iron ore prices on the Dalian Commodity Exchange for 2021. Full-year iron ore futures prices declined for the first time in three years, after prices r...

Japan Joins Oil Sell-Off to Reduce Prices

Japan Joins Oil Sell-Off to Reduce Prices

339
Commodities news
27.12.2021

Japan belatedly joined several major nations in selling oil from its strategic reserves in an attempt to fight rising prices. The unprecedented multi-state release of crude oil has been championed by the Biden administration and has included key O...

Gold Shows Gains Despite Omicron Risk

Gold Shows Gains Despite Omicron Risk

331
Commodities news
22.12.2021

The price of gold bullion rose for the first time since mid-November as investors responded to tightening monetary policy and the threat of Omicron by making safe-haven investments in the commodity. Market analysts had warned that risk aversion wo...

US Oil and Natural Gas Prices Finally Come Down

US Oil and Natural Gas Prices Finally Come Down

381
Commodities news
08.12.2021

US consumers struggling under the twin challenges of high inflation and elevated consumer prices are finally seeing some relief as the price of oil and natural gas comes down. The US national average price for a gallon of gas toppled to $3.35, a p...

OPEC Grows In Power Before Oil Cuts Hit

OPEC Grows In Power Before Oil Cuts Hit

384
Commodities news
02.12.2021

The Organization of the Petroleum Exporting Countries (OPEC) is expected to conduct its annual strategy meeting this week confident in its increasing short-term influence.  As recently as 2019, the US became a net exporter of energy for the f...

European Gas Prices Surge on Russia Pipeline Delays

European Gas Prices Surge on Russia Pipeline Delays

397
Commodities news
19.11.2021

Russia’s Nord Stream 2 gas pipeline faced fresh commissioning delays as crucial approval from the German regulator was further delayed this week.  European gas prices rose sharply on the back of this news, as the pipeline is now only ex...

Gold Fails to Protect Investors from Runaway Inflation

Gold Fails to Protect Investors from Runaway Inflation

411
Commodities news
12.11.2021

With inflation at a 31-year high and a 26-year record in the US and China, respectively, gold is not providing the protection it usually does. Gold Exchange-Traded Funds (ETF) are lagging. The SPDR Gold Trust (GLD), with $56.1 billion in assets, i...