Price movements and fundamentals across major commodities.
Analysis and reporting on commodities such as oil, natural gas, gold, industrial metals, and agricultural products. Focuses on supply-demand dynamics, geopolitical risks, inventory trends, and macro drivers affecting commodity markets.
1,884 total articles
UBS analysts say that since the joint U.S. and Israeli assault on Iran in late February, gold has moved from being driven primarily by geopolitical risk to reacting to economic signals. Rising oil prices, surging government bond yields and a firmer U.S. dollar have increased the opportunity cost of holding non-yielding assets like gold, pressuring …
UBS has reduced its palladium price target across all tenors to $1,400 per ounce from $1,600, forecasting a return to surplus in 2026 after 14 straight years of deficits. The move follows data showing an undersupply in 2025, strong investment inflows that supported shortages, and indicators — including falling ETF holdings and rising scrap potentia…
Governments in the United States, Australia, Europe and Japan are deploying tens of billions of dollars to develop critical minerals and build strategic stockpiles to reduce dependence on China. Industry executives, investors and analysts caution that well-intentioned incentives and purchase guarantees can produce excess capacity and depressed pric…
U.S. Secretary of State Marco Rubio said negotiations with Iran could take "a few days" as Washington conducted fresh strikes it described as defensive in southern Iran. Diplomats were meeting in Doha to discuss a potential deal addressing the Strait of Hormuz and Iran's highly enriched uranium, while regional tensions persisted with Israeli strike…
Gold and other precious metals slipped in Asian trade after reports that U.S. forces carried out fresh strikes on Iran. The moves damped earlier optimism about a potential framework agreement to reopen the Strait of Hormuz, while the dollar steadied and oil prices rebounded, raising concerns about energy-driven inflation and its implications for ce…
Foreign ministers from Australia, India, Japan and the United States meet in New Delhi aiming to restore momentum within the Indo-Pacific-focused Quad. The session, the third ministerial meeting since September 2024, will seek concrete measures on maritime security and critical minerals, and explore a leaders' summit later this year amid regional t…
Oil prices climbed in early Asian trading after reports that the United States carried out new attacks targeting missile launch sites and mine-laying vessels in southern Iran. The moves undercut earlier market optimism that a framework deal to reopen the Strait of Hormuz was imminent and follow a sharp decline in Brent on Monday. Key price benchmar…
Prime Minister Mark Carney warned that Alberta’s planned non-binding referendum in October on whether to pursue separation from Canada could become a 'dangerous bluff' that would not be helpful to national unity or negotiations with Ottawa. Citing his experience during the Brexit process, Carney argued the vote could produce unintended consequences…
Farmers across Sudan report that higher global fuel and fertilizer prices linked to the Iran conflict will force them to reduce planting this summer, intensifying food shortages in a country already experiencing acute hunger due to civil war. The nation depends on imports for more than half of its fertilizer and is fully reliant on fuel imports. An…
European natural gas benchmark prices fell on Monday, tracking a decline in oil as reports suggested Washington and Tehran may be close to a framework agreement that would reopen the Strait of Hormuz. The move sent the Dutch TTF front-month contract lower, while analysts cautioned that both sides have signaled the path to a formal deal remains unce…
Former U.S. President Donald Trump called for a group of countries including Qatar, Pakistan, Egypt, Jordan and Turkey to join the Abraham Accords en masse as a condition tied to reaching an agreement with Iran. Trump said he spoke with leaders of those nations as well as Saudi Arabia and Bahrain, and that negotiations with Iran were "proceeding ni…
Iranian officials say they have reached conclusions on many items in a possible 14-point memorandum of understanding aimed at halting the Middle East war, but key obstacles remain. The draft framework would trade an end to fighting and a U.S. naval blockade for Tehran taking measures to ensure safe passage through the Strait of Hormuz, while negoti…
The Asian Development Bank (ADB) has committed $5 billion in support to Bangladesh across the next five years, backing the Integrated Growth Network Development Initiative to improve connectivity, spur investment and foster more balanced regional development. The announcement, made during ADB President Masato Kanda's visit to Dhaka where he met Pri…
Faced with shipping constraints in the Strait of Hormuz as a result of the Israeli-U.S. war on Iran, Indian refiners have increased crude imports from Venezuela, Brazil, Angola and Nigeria while maintaining purchases from Russia. April data show stable overall imports but notable shifts in supplier shares, with the UAE and Saudi Arabia providing pi…
Myanmar’s armed forces, under new chief Ye Win Oo, have stepped up offensives across several border regions including Kachin State - home to significant heavy rare-earth deposits - as well as Chin and Karen states, aiming to regain control of strategic towns, trade gates and transport arteries lost to ethnic armed groups since the 2021 coup. Rebel …
Gold prices climbed sharply in early Asian trading after weekend developments increased expectations of a U.S.-Iran peace framework. A weaker dollar and lower U.S. Treasury yields supported the rally in bullion, while silver and platinum also advanced. Reports suggested a potential agreement could extend the ceasefire and reopen the Strait of Hormu…
Colombian presidential hopefuls drew large crowds as they completed campaign tours ahead of a May 31 vote. Leftist Ivan Cepeda led a final poll narrowly but was forecast to lose in a potential June 21 runoff against either right-leaning rival. Rival candidates Abelardo De La Espriella and Paloma Valencia emphasized tougher security and conservative…
Oil prices declined sharply in early Asian trading on Monday after reports that a memorandum of understanding between the United States and Iran was largely negotiated. Brent futures slipped beneath the $100-per-barrel mark while U.S. crude also posted a steep drop. Despite signs of diplomatic movement, constrained tanker traffic through the Strait…
On May 24 U.S. lawmakers appearing on Sunday television programs expressed sharply divided views on the publicly reported contours of an agreement being negotiated by President Donald Trump to end the Iran war. Republicans largely praised the administration's approach and promised enforceable terms, while Democrats dismissed the reported outlines a…
Local authorities in Shanxi province have revised the death toll from a gas explosion at the Liushenyu coal mine to 82, saying an initial higher figure resulted from confusion at the scene. The blast left two people unaccounted for, 128 injured and 35 unhurt. All four mines owned by the operator have been shut and executives detained as an investig…
U.S. and Iranian officials are reportedly close to finalizing a draft pact that would extend a ceasefire for 60 days. Under the proposed terms, the Strait of Hormuz would be reopened with no tolls, Iran would clear mines to permit free passage, and Tehran would be allowed to resume oil sales as sanctions relief and negotiations on its nuclear activ…
U.S. President Donald Trump said a memorandum of understanding on ending the conflict with Iran is "largely negotiated" and indicated the deal would reopen the Strait of Hormuz. Iranian state-linked media pushed back, saying Trump’s claim about the strait was "inconsistent with reality." Pakistani officials involved in mediation reported encouragin…
A final pre-election AtlasIntel poll shows leftist Ivan Cepeda retaining a narrow lead in first-round voting intention, while right-wing businessman Abelardo De La Espriella has gained momentum and is projected to defeat Cepeda in a head-to-head runoff. The survey also indicates Paloma Valencia remains third but could outperform Cepeda in a potenti…
President Donald Trump told CBS News negotiators for the United States and Iran were getting closer to a pact intended to halt the war. He said any final agreement would block Iran from obtaining a nuclear weapon and ensure its enriched uranium is properly managed. Separately, in an Axios interview he warned he could resume military action if a sat…
Iran, the United States and Pakistan said they have made progress in mediated discussions aimed at ending nearly three months of conflict. Meetings in Tehran between Iranian negotiators and Pakistan's army chief, and public statements from U.S. and Iranian officials, indicate narrowing differences on a memorandum of understanding centered on a 14-p…
