Section
The latest commodities coverage from the TrustFinance editorial desk.
Refining margins for European diesel surged on Monday, trading near record levels as a sharp slowdown in shipping through the Strait of Hormuz tightened the supply outlook for the crucial industrial fuel.
Jared Kushner and Israeli Prime Minister Benjamin Netanyahu have reportedly agreed on a plan for the Gaza conflict following a meeting, according to a Board of Peace official. The development could have significant implications for energy markets and regional stability.
A senior Iranian official told Reuters that Tehran has set a deadline of a few weeks for the U.S. to implement a peace deal, threatening a military attack and heightened tensions in the Strait of Hormuz if it fails to comply.
Chicago wheat futures fell on Monday as traders locked in profits from a recent rally, even as ongoing attacks on Black Sea port infrastructure and crop issues in Canada continue to create supply-side uncertainty.
Corn prices edged higher on Monday as the market looks to the influential Pro Farmer crop tour for on-the-ground assessments of yield potential, following a recent reduction in the USDA's official forecasts.
Gold prices advanced on Monday, supported by a decline in the U.S. dollar and growing expectations that recent weak economic data will deter the Federal Reserve from further interest rate hikes.
The main sea freight index for dry bulk commodities edged higher on Friday, but fell for the week as weaker rates for larger Capesize and Panamax vessels weighed on the market. The move comes amid signs of improving iron ore demand in China.
Gold prices have stalled after three failed attempts to break the key $4,509 resistance level, with short-term technical indicators flashing warning signs despite a longer-term bullish trend.
Spot silver is consolidating near the $66.00 resistance level as technical indicators show weakening upward momentum. This stalemate increases the risk of a false breakout and a potential reversal, with traders closely watching key support levels for the next directional cue.
