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Commodities
Silver prices dropped, but analysts seem optimistic
Silver prices dropped, but analysts seem optimistic
There has been a lot of fear in the market regarding silver. Since central banks are buying tonnes of gold…
2020 ended the longest economic expansion in US history
2020 ended the longest economic expansion in US history
In March, new orders for US-made goods saw the most significant decline in history. They could sink further…
Iraq is starting to reduce its oil production by 23%
Iraq is starting to reduce its oil production by 23%
Iraq announced a 23 percent drop in production on Friday. Sources close to Basra Oil Company confirmed that…
May 1 begins with a cut of 9.7 million barrels per day
May 1 begins with a cut of 9.7 million barrels per day
Oil closed the session with broad gains. The price of WTI closed the trading session with an increase of…
Gold struggles to find direction after Fed’s announcement
Gold struggles to find direction after Fed's announcement
The Federal Reserve repeated that it's committed to doing what is necessary to support the US economy that…
The oversupplied market is crashing oil prices
The oversupplied market is crashing oil prices
Oil closed the session with losses. The downward pressures on the price of oil were already expected, as the…
Extended lockdowns to hit copper production
Extended lockdowns to hit copper production
Peruvian copper miner Antamina, managed by global firms BHP and Glencore, has carried out approximately 600 tests on its…
The Coronavirus Crisis Increased America’s Appetite for Gold
The Coronavirus Crisis Increased America’s Appetite for Gold
On Friday, gold traded lower. However, the metal is preparing for significant gains this week. The…
Coffee prices surge due to supply shortages
Coffee prices surge due to supply shortages
Coffee prices jumped in April due to the coronavirus outbreak. Additionally, grain futures for May gained more than 15%.…
A slump in commodities’ demand weakens Ukraine’s richest man
A slump in commodities’ demand weakens Ukraine's richest man
Rinat Akhmetov's survival from the war, the murder of a business partner, and attempts by the…
Gold price to rise to $3,000, states Bank of America
Gold price to rise to $3,000, states Bank of America
Gold prices dropped on Tuesday as investors profit from 2020's best-performing financial asset. Turmoil…
Coronavirus causes more harm to oil prices than OPEC dispute
Coronavirus causes more harm to oil prices than OPEC dispute
The coronavirus pandemic harms the oil market more than the price dispute between OPEC and its allies,…
Food prices rise, but stocks become empty
Food prices rise, but stocks become empty
International organizations, such as FAO, WHO, and WTO, jointly published a statement alerting the countries on the…
The Closure of restaurants destroyed lettuce fields
The Closure of restaurants destroyed lettuce fields in the US
In lots of states of the US, many activities have been restricted due to the measures taken to fight…
Oil prices drop below $20 per barrel after IEA announcement
Oil prices drop below $20 per barrel after IEA announcement
Wednesday ended with losses in oil prices as the latest report from the International Oil…
Coffee is performing as one of the world’s top commodity
Coffee is performing as one of the world's top commodity
Uncertainty over inventories, labor force and long term demand drove coffee prices higher.
The…
Rice prices climbed to its highest in 7 years
Rice prices climbed to its highest in 7 years
The cost of rice, a staple food for many countries in South-East Asia, is at its highest point in 7 years.…
Oil prices rebound after reaching an agreement with OPEC
Oil prices rebound after reaching an agreement with OPEC
International oil prices rise close to 1 % this Sunday. On Sunday, the Organization of Petroleum Exporting…
Gold reached its highest value since October 2012
Gold reached its highest value since October 2012
Gold futures surged to their highest prices in almost eight years on Thursday. The Federal Reserve announced new…
Soybeans traded higher, corn prices dropped
Soybeans traded higher, corn prices dropped
Purchase offers for corn dropped, while soybeans experienced an increase.
The Chicago market closed with increases…