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Commodities prices are surging again
(BLOOMBERG) -- After a summer breather, the commodities the world relies on for construction, manufacturing and keeping the lights on are surging again.
GLOBAL MARKETS-Delta, Fed dominate economic conversation as stocks jump
WASHINGTON: Stocks recovered ground on Friday despite concerns about economic growth amid rising COVID-19 cases, which continued to take its toll on oil prices.
Oil price drops on US$ strength and OPEC+ supply expectations
NEW YORK: Oil prices fell on Friday as the U.S. dollar rose while forecasts called for crude supply to rise in response to prices climbing above pre-pandemic levels
Saudis raise Asia, US oil prices after shock output cut
SAUDI Arabia raised pricing for oil customers in Asia and the U.S. after its shock move this week to cut output sent crude prices climbing.
Insight - Commodity price inflation a concern
THE rally in commodity prices will likely cause prices especially of food to go up and with the present focus on growth, not much may be done to control this inflation.
Ringgit higher ahead of MPC meeting
KUALA LUMPUR: The ringgit extended yesterday's uptrend to open higher against the US dollar Tuesday, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting today, with the market expecting a 25 basis point cut in interest rates today.
Gold tops US$1,600 as virus fuels global growth fears
SINGAPORE: Palladium surged above US$2,800 an ounce, extending its record-breaking rally on forecasts for a widening deficit. Gold is trading near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth.
ETFs, hedge funds pile into platinum
NEW YORK: Investors have taken a shine to platinum.
Gold makes headway above US$1,500 as 2020 comes into closer focus
SINGAPORE: Gold firmed up a foothold above $1,500 an ounce as investors positioned for 2020, with post-Christmas gains coming even as equities inched higher and U.S.-China trade concerns eased. Silver rose along with platinum and palladium in what’s been a banner year for precious metals.
