Category: Commodity News

Gold soars to almost a one-week high on a softer dollar on Thursday, following the release of the US Federal Reserve’s November meeting, indicating the possibility of a slower pace in interest rate hikes. On

Soybeans soared on Wednesday as traders evened up their positions prior to the closing of the market for the US Thanksgiving holiday and before the short trading on Friday. The US soybean futures for January

An announcement from a US Treasury official on Tuesday stated that the Group of Seven nations would soon release the Russian oil price cap level, adding that there would likely be an adjustment a few

In an annual interim report released last week by the Silver Institute, data shows that silver demand is expected to hit a record high of 16% to 1.21 billion ounces this year, creating the decade’s

On Monday, Gold hovered at around $1,750 levels as traders waited for an update on Fed’s insights into their monetary policy. On Thursday, Fed is expected to release details regarding their previous meeting, which the

Joint Organization Data Initiative (JODI) released some data that indicates that global oil demand for September this year has exceeded that of September 2019 pre-Covid levels. According to the JODI data showed by the Riyadh-based

Nickel falls as much as 12% to $26,610 per ton and closes at $27,532 on Wednesday, as the London Metal Exchange (LME) boosts its surveillance for nickel trading after noticing the extreme volatility in the

Ukraine, one of the world’s top wheat exporters, faces a scarce wheat planting that could potentially affect the global food supply. According to analysts, Ukraine’s harvest was down 40% to 19 million tons of wheat