Italy Extends Diesel Tax Cut Through Wednesday Amid High Fuel Prices
The Italian government has extended a tax reduction on diesel fuel for an additional day to help consumers cope with soaring prices at the pump, according to reports.
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Commodities
The latest commodities coverage from the TrustFinance editorial desk.
Latest in Commodities
European Diesel Margins Tumble Over 7% as Import Surge Outweighs Supply Risks
European diesel profit margins fell sharply on Monday, with the key crack spread narrowing as a significant increase in imports, particularly from the U.S., offset supply concerns from a Russian refinery outage.
Gold Hits 3-Month High Above $4,600 as U.S. Fiscal Concerns Drive Haven Demand
Gold prices surged to their highest level in three months, driven by investor concerns over the U.S. fiscal outlook and Treasury Department actions aimed at suppressing long-term borrowing costs.
Oil Prices Dip as U.S. Prepares 'Harshest Ever' Sanctions on Iran
Crude oil benchmarks fell nearly 1% on Monday, retreating from a two-week rally, as investors took profits ahead of an expected announcement of severe new U.S. sanctions against Iran, heightening fears of supply disruptions in the Middle East.
European Gas Prices Retreat From 5-Month High as Market Awaits US Sanctions on Iran
European natural gas futures dipped on Monday, pausing a recent rally, as energy traders took profits and braced for a major announcement from Washington regarding new economic sanctions against Iran.
Morocco to Resume Subsidized Soft Wheat Imports From Mid-September
Morocco's state grains agency, ONICL, will reinstate a subsidy program for soft wheat imports from Sept. 16 through Dec. 31, ending a temporary suspension that began in June to prioritize the domestic harvest.
Trader Places Massive Options Bet Against Gold ETF After Historic Rally
A trader executed a massive options strategy on the SPDR Gold ETF (GLD), collecting a $58 million premium in a bet that the metal's powerful rally is due for a short-term correction.
Oil Prices Fall as Markets Dismiss Impact of New US Sanctions on Iran
Oil prices declined, with Brent crude falling below $90 a barrel, as the market assessed new U.S. sanctions against Iran as having a limited immediate impact on global supply.
Arabica Coffee Futures Hit Six-Week High as Delivery Period Begins Amid Tight Supply
Prices for Arabica coffee futures surged nearly 6% on Monday, reaching their highest level in six weeks as the start of the ICE spot contract delivery period put a spotlight on critically low certified inventories.