Analysis: Commodities

Ten gold trading centres back LBMA drive to tighten regulations

The London Bullion Market Association said on Friday authorities in ten large trading centres had declared support for its initiative to improve regulation on issues such as money laundering and...

Brent rises above $50/bbl for first time since March on vaccine optimism

Oil prices climbed nearly 3% on Thursday, with Brent surging above $50 a barrel for the first time since early March, fueled by hopes of a faster demand recovery as countries start to roll out...

Gold miners must ramp up renewable energy to meet climate goals - industry group

Gold miners must rapidly switch to renewable electricity generation if the industry is to curb emissions sufficiently to align with the Paris Agreement's 1.5-degree Celsius global warming target, the...

Platts proposes to include U.S. WTI in oil benchmark dated Brent

S&P Global Platts said on Thursday it would open a consultation with oil market participants on the possible inclusion of the U.S. crude grade WTI in its dated Brent oil price assessment, which forms...

U.S. bans cotton imports from China producer XPCC citing Xinjiang 'slave labor'

The Trump administration expanded economic pressure on China's western region of Xinjiang, banning cotton imports from a powerful Chinese quasi-military organization that it says uses the forced labor...

AIMS APAC REIT : Global stock markets slide at end of record November

World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate...

Graphic: Have coronavirus vaccines killed the gold rally?

Gold has tumbled from record highs as investors, eyeing an end to the coronavirus pandemic, move money to riskier assets....

Oil closes at highest level since March on vaccine trials, Biden transition

Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition...

Investors rush to buy equities, dump gold in vaccine euphoria

Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive COVID-19 vaccine updates led to euphoric buying of shares in worst-hit sectors such as banks, travel...

Exclusive: Gold market authority threatens to blacklist UAE and other centres

The world's most influential gold market authority is threatening to stop bullion from countries including the United Arab Emirates entering the mainstream market if they fail to meet regulatory...

Brent touches $45/bbl on vaccine hopes and U.S. crude drawdown

Global oil benchmark Brent rose on Wednesday, briefly touching a more than two-month high above $45 a barrel on hopes of a COVID-19 vaccine that could boost demand and later pulling back as concerns...

Oil soars 8% on promising COVID-19 vaccine results

Oil surged about 8% on Monday, its biggest daily gain in more five months, after Pfizer announced promising results for its COVID-19 vaccine....

Gold demand fell to its lowest in 11 years in the third quarter - WGC

Global demand for gold in the third quarter of 2020 was the lowest in 11 years, as a rush by investors to stockpile bullion slowed and central banks sold metal for the first time in a decade, the...

Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive

Global shares bounced on Friday while safe havens such as the dollar were on the defensive as investors welcomed news that drugmaker Pfizer Inc could have a coronavirus vaccine ready in the United...

World stocks sag on pandemic surge, gold gains on safety bid

Global stock markets mostly retreated on Wednesday as a record number of new coronavirus infections in parts of Europe led investors to shift away from risky assets to traditional safe havens such as...

Freeport does a balancing act as world's biggest gold mine grapples with COVID-19

When miners at Indonesia's giant Grasberg gold and copper mine started testing positive for coronavirus early in the pandemic, the mountain-top mining complex was quickly locked down with a skeletal...

Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus....

France eases ban on bee-threatening pesticide to help sugar sector

French lawmakers on Tuesday approved a draft bill allowing sugar beet growers to use pesticides that are banned to protect honeybees, a move welcomed by farmers hit by crop disease but condemned by...

UK court overturns Venezuela judgment in $1 billion gold tug-of-war

A tug-of-war over $1 billion worth of Venezuelan gold stored at the Bank of England took a new turn on Monday as the English Court of Appeal overturned an earlier High Court ruling on who the UK...