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Commodities News Page 48

gold

Gold edges down after US jobs report

Gold prices swung between small gains and losses Friday after the latest jobs report was mixed

Chris Wheal
copper

Credit Suisse raises copper price target

Credit Suisse has upped its outlook on copper prices as the market continues to strengthen.

James Hester
Coffee beans

Robusta coffee prices plunge due to crop oversupply

Robusta coffee prices dropped sharply on week in Douala due to an oversupply of crop, according to statistics released Friday.

Alison Bloomer

Gold prices down on back of Powell nomination

Gold prices fell this morning after yesterday’s announcement that Jerome Powell had been nominated to chair the Federal Reserve.

Claire Veares
refinery

Oil prices fall as EIA crude shortfall is shy of API report

Conflicting reports on the state of US crude oil inventories caused the petroleum markets to turn volatile in late trade on Wednesday

Neil Dennis
gold

Gold gains ground as market awaits Fed statement

(Reuters) - Gold inched higher on Wednesday as market participants awaited a statement from the US Federal Reserve (Fed) for hints on the central bank's monetary policy stance following its two-day meeting.

James Hester
Nickel

Nickel extends two-year high on battery demand hopes

Nickel extended its two-year high on Wednesday with another strong performance that appeared linked to projected demand for electric vehicles

Neil Dennis
crude

Crude makes further headway

Crude oil futures made further progress this morning, continuing to trade above the $60 per barrel mark.

James Hester
Copper

Copper rally has potential to reach $8,000 Goldman says

Goldman Sachs' commodities team has said copper, having already passed the $7,000 a tonne mark to a three-year high, could move as high as $8,000 a tonne by 2022

Neil Dennis
cocoa

Cameroon’s cocoa crop suffers black-pod outbreak

Cameroon's chief cocoa-growing region has been hit by an outbreak of black-pod disease, destroying large areas of the African country's main crop

Neil Dennis

Gold prices fall in early trading

Dow Jones reports that gold prices are off slightly in early trading likely due to some profit taking following the rally in prices overnight.

Claire Veares
Nickel

Nickel jumps as China steel rises on output curbs

Nickel prices led a broad rally for industrial metals on Friday as steel prices in China rose on the back of continuing production curbs

Neil Dennis
gold

Metal Tiger takes 5% of Kingsgate Consolidated

AIM quoted commodity investor Metal Tiger has taken a further strategic investment in Kingsgate Consolidated buying 430,000 ordinary shares taking its stake to more than 5%.

Chris Wheal
Copper

Copper nears 3-year high on China import and factory data

Copper prices rose close to a three-year high on Monday after a boost in production at Chinese manufacturers indicated strong levels of economic growth for the world's biggest importer of industrial metals

Neil Dennis
storm

Gasoline jumps on Harvey disruption

Gasoline surged early today as storm damage continued to put refineries under pressure. In contrast, the storm-induced refinery shutdowns remained bearish for crude.

James Hester