Gold hoarding investors avert coronavirus demand collapse - WGC

Gold hoarding investors avert coronavirus demand collapse - WGC

By Peter Hobson Massive stockpiling of gold by investors spooked by the coronavirus outbreak offset a collapse in jewellery production to keep global demand for the metal stable in the...
April 30, 2020 at 10:47 am
Exclusive:  Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief - sources

Exclusive: Venezuela asks Bank of England to sell its gold to U.N. for coronavirus relief - sources

By Corina Pons and Mayela Armas Venezuela is asking the Bank of England to sell part of the South American nation's gold reserves held in its coffers and send the proceeds to the United...
April 29, 2020 at 08:35 pm
London Brent Oil :  Why all eyes will be on the expiry of Brent oil futures this week

London Brent Oil : Why all eyes will be on the expiry of Brent oil futures this week

By Julia Payne The expiry of the June contract for Brent oil futures in Europe on Thursday will possibly be the most watched event in oil markets for some time after the U.S. benchmark...
April 29, 2020 at 07:12 pm
Starbucks :  Luckin Coffee delays annual filing amid accounting probes

Starbucks : Luckin Coffee delays annual filing amid accounting probes

Luckin Coffee Inc said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions of dollars worth of fabricated sales. ...
April 29, 2020 at 03:33 pm
Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stock markets across the globe eked out gains on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of...
April 28, 2020 at 09:57 pm
Brent rises on easing lockdowns, U.S. crude falls amid storage shortage

Brent rises on easing lockdowns, U.S. crude falls amid storage shortage

Oil prices fell on Tuesday with U.S. crude leading the decline, falling about 3% as domestic stockpiles were expected to have risen closer to record highs amid tightening storage despite plans to cut...
April 28, 2020 at 06:01 pm
rice :  Vietnam PM says to fully resume rice exports from May

Rice : Vietnam PM says to fully resume rice exports from May

Vietnamese Prime Minister Nguyen Xuan Phuc on Tuesday agreed to fully resume the country's rice exports from May, the government said.
April 28, 2020 at 03:32 pm
EU milk producers suffer export, consumption slump due to coronavirus

EU milk producers suffer export, consumption slump due to coronavirus

EU plans to help the dairy sector weather the coronavirus crisis by storing surplus milk have come under fire from milk producers as prolonging rather than solving the problem.
April 28, 2020 at 01:13 pm
gold :  Shanghai gold boss wants super-sovereign currency for post-crisis times

Gold : Shanghai gold boss wants super-sovereign currency for post-crisis times

The president of the Shanghai Gold Exchange called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices...
April 28, 2020 at 11:43 am
Can gold love a coronavirus crisis?

Can gold love a coronavirus crisis?

Gold loves a crisis, the old adage goes. And with prices up 13% this year to their highest since 2012 and many predicting further gains as investors search for safe places to put their money, it looks...
April 28, 2020 at 07:57 am
freight :  Poland's LOT in talks to convert Boeing Dreamliners for freight

Freight : Poland's LOT in talks to convert Boeing Dreamliners for freight

Polish airline LOT is in talks with Boeing to modify its 787 Dreamliner jets into temporary cargo carriers, a LOT spokesman told Reuters, in a move that could help to narrow losses from the...
April 27, 2020 at 05:30 pm
Lockdowns keep retail buyers away in top gold hubs

Lockdowns keep retail buyers away in top gold hubs

Retail demand for physical gold suffered this week in top Asian hubs as jewellery shops remained shut due to coronavirus restrictions, but some regions saw steady buying from investors hunting for a...
April 24, 2020 at 04:06 pm
Dollar stronger as euro zone stimulus uncertainty weighs on euro

Dollar stronger as euro zone stimulus uncertainty weighs on euro

The U.S. dollar edged higher against the euro in a choppy session on Thursday after a video conference of European Union leaders looking to set up a joint fund to avert an economic collapse in parts...
April 23, 2020 at 09:04 pm
Banks shun aluminium financing deals, expose surplus

Banks shun aluminium financing deals, expose surplus

Banks' diminishing appetite to lend due to the coronavirus crisis mean a ballooning aluminium surplus, which previously would have been hoovered up by commodity traders using financing deals, will...
April 23, 2020 at 01:25 pm
Jump in oil sends global equities higher; bonds dip

Jump in oil sends global equities higher; bonds dip

A jump in the price of oil and the promise of more government stimulus to ease the economic pain inflicted by the coronavirus pandemic helped global equity markets surge on Wednesday, prompting...
April 22, 2020 at 09:23 pm
Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade

Brent crude rebounds from more-than 20-year low; U.S. oil up 20% in wild trade

Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were...
April 22, 2020 at 08:26 pm
Brent oil futures plunge as growing glut feeds market panic

Brent oil futures plunge as growing glut feeds market panic

Brent oil futures prices plunged again on Tuesday, extending oil market panic into a second day with no end in sight to a swelling global crude glut as the coronavirus pandemic has obliterated demand...
April 21, 2020 at 10:03 pm
Explainer:  Why Brent oil won't follow U.S. WTI futures below zero

Explainer: Why Brent oil won't follow U.S. WTI futures below zero

Brent oil futures are set for extreme volatility when the front-month June contract expires next week, but they will avoid the historic plunge below zero that U.S. peer WTI has suffered, traders and...
April 21, 2020 at 04:29 pm
Negative $40 oil reflects panic - and U.S. crude market economic reality

Negative $40 oil reflects panic - and U.S. crude market economic reality

Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that the coronavirus pandemic has sapped demand...
April 20, 2020 at 11:04 pm
Even a coronavirus crisis can't puncture palladium prices

Even a coronavirus crisis can't puncture palladium prices

Analysts and traders have raised their forecasts for palladium prices, predicting the metal will remain undersupplied even as the coronavirus outbreak hammers auto makers, reducing demand, a Reuters...
April 20, 2020 at 03:03 pm