Commodities News

Gold is rallying to trade at highs since September 2016. Best week since 2016. Other metals are struggling to post gains.

Coffee is performing its first positive day in June. Soybeans, corn and wheat are recovering its mojo and trading up too.

Gold is trading at highs since 2013 as the dollar is getting hurt by the notion that the Federal Reserve will cut interest rates for sure in July.

The U.S. Dollar plunged against a basket of currencies, helping to drive up demand for the dollar-denominated asset. Meanwhile, 10-year U.S. Treasury yields hit their lowest level in nearly two years as investors increased bets on a Fed rate cut in July. U.S. West Texas Intermediate and international-benchmark Brent crude

Crude oil prices were moving lower in Wednesday trading until bullish inventory data hit the market. U.S. crude oil stockpiles were reported to have fallen by -3.106 million barrels according to the EIA. The draw is three times the expected reduction and helped WTI Recover some of the mornings losses.

Soybeans and corn are trading in consolidation mode as investors are waiting for mode developments in the agricultural investing market.

Gold, silver and other metals are trading sideways ahead of the Federal Reserve. Palladium is extending gains to 1,500.

Soybeans and corn are ready to visit new highs in the days to come. Wet weather and concern about the health of the harvest are pushing prices up.

Gold is trading up as well as other metals just ahead of the Federal Reserve 2-day meeting. Trump tweeted again.

Corn jumped to 5-year highs to 4.70 but the bushel found a selling zone and it is now trading back to 4.58.

Gold and other metals are trading in consolidation mode with losses. However, the positive uptrend remains on play as investors are awaiting for the FOMC.

Corn is trading at highs since June 2014 and also performing its best week since 2015 with 9.1% of weekly gains.

Gold rallies for the third day and it is ready to close an important week of gains above the 1,350 area.

Over the short-run, the incident is not likely to have much of an effect on crude oil prices so any rallies are likely to be sold due to rising concerns over a global economic slowdown and lower demand. Over the long-run a direct U.S.-Iran conflict would likely lead to the

Corn prices are rallying to its highest level since 2015. Wet weather and news that China will reduce corn sales are fueling the grain.

Gold is trading positive as investors are anticipating a fed’s rate cut that is hurting the dollar. Palladium is up for the sixth day.

Wheat, corn, and soybeans are rallying on Wednesday as investors are digesting USDA forecast cut to put prices up.

Gold is trading positive amid dollar weakness on speculations for a rate cut in the next FOMC meeting.

Agricultural commodities including soybeans, corn and wheat are trading mostly sideways as investors are waiting for the US national crop report to check how planting and emerging details are.

Copper is rallying amid speculation of a China stimulus plan. Gold up as equities are rallying and risk appetitie.