Commodities
Sugar Futures Hit Over One-Year Highs on Supply Concerns
Sugar futures surged to their highest levels in over a year due to looming supply concerns from El Niño weather patterns and production issues in India and Brazil, signaling potential price increases for consumers.
Russia Extends Soybean Export Duty Through August 2028, Citing Domestic Market Stability
Russia has prolonged its 20% export duty on soybeans until the end of August 2028, a move aimed at stabilizing domestic food prices and supporting its processing industry.
Gold Holds Above $4,500 as Weaker Dollar, Treasury Buybacks Boost Weekly Gains
Gold prices maintained levels above $4,500, extending weekly gains, driven by a weakening U.S. dollar and expanded Treasury bond buybacks.
Oil Set for Second Weekly Rise as US-Iran Tensions Escalate, Crimp Supply
International oil prices climb for a second consecutive week amidst ongoing US-Iran conflict and renewed concerns over crucial supply routes.
UBS Forecasts Gold at $5,400, Citing Persistent Rally Drivers
Swiss investment bank UBS projects gold prices to reach $5,400 per ounce by September 2027, driven by a weakening dollar and easing monetary policy expectations.
Oil Prices Climb as Iran-U.S. Standoff Over Hormuz Intensifies
Global oil benchmarks are extending gains as renewed tensions between Iran and the United States raise concerns about crude flows through the crucial Strait of Hormuz.
Here's the Real Reason Oil Prices Aren't Soaring
Global economic slowdown fears, resilient non-OPEC supply, and demand contraction due to geopolitical factors are keeping oil prices stable.
Gold Surges Past $4,400, Boosting Gold Miners
A weaker U.S. jobs report and diminished expectations for Federal Reserve rate hikes have propelled gold prices higher, drawing investor attention to gold mining companies.
Brent Jumps 4%, WTI 3% on Reports Iran Weighing Strait of Hormuz Restrictions
Oil prices surged after reports that Iran's parliament is reviewing legislation to bar U.S. and Israeli vessels from the Strait of Hormuz. Some caution that 'reviewing a bill' and 'closing the strait' are very different things.
Why Is Gold So Expensive Right Now? Spot Price Tops $4,400 an Ounce
Central bank buying, geopolitical risk, and a weaker dollar have kept gold near record levels. Here's why Korean gold prices look even higher, and whether it's still worth buying in.