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982 days ago

Copper touches multi-week highs as dollar softens

Copper prices in Shanghai and London touched multi-week highs on Tuesday, thanks to a weaker dollar, which made greenback-prices metals more affordable to holders of other currencies. On the Shanghai Futures Exchange, the most-traded September copper contract rose as much as 3.1% to 72,740 yuan a tonne, its highest since June 3, before dropping to settle at 71,770 yuan a tonne, but up 1.7%. Source: Reuters

#Commodities

982 days ago

Coffee surges to near 7-year high

Arabica coffee futures on ICE soared past $2.0 per pound for the first time since October 2014, owing to concerns about lower production following a sharper-than-expected drop in temperatures in Brazil's three largest growing regions which raised concerns about next year's crop. Source: Trading Economics

#Commodities

982 days ago

Oil price steadies as investors assessed demand amid delta's surge

Futures in New York traded near $72 a barrel after a slight 0.2% dip on Monday. The rebound is mainly attributed to big energy consumers like the US and China that helped drain stockpiles built during the pandemic. The delta variant spread is weighting on short-term demand outlook still. Source: Nymex, Yahoo Finance

#Commodities
Oil price steadies as investors assessed demand amid delta's surge

982 days ago

Gold is trapped in a tight range as investors focus on the Fed

On Tuesday, gold traded in a narrow range, pinned below the $1,800 psychological level, as investors awaited the Federal Reserve's meeting this week for clues on when the central bank might begin to tighten its loose monetary policies. Spot gold was flat at $1,797.71 per ounce early in the morning. Source: Reuters 

#Commodities

983 days ago

Oil prices down to start the week

On Monday, oil prices fell by almost 1% amid concerns about a slowdown in global oil demand caused by the spread of Covid-19 cases, extended lockdown measures, and floods in China. Source: Trading Economics

#Commodities
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