Section
The latest commodities coverage from the TrustFinance editorial desk.
Total fuel consumption in India reached 19.92 million metric tons in July, with double-digit growth in diesel and gasoline sales pointing to robust economic activity, according to official data.
Copper prices surged to a new all-time high, but analysts caution the rally is driven by supply disruptions and US tariff speculation rather than broad economic growth. The metal's traditional role as a key economic indicator, 'Dr. Copper,' is being called into question.
Spot gold posted its largest one-day gain since February, driven by disappointing U.S. labor market data that tempered Fed rate hike expectations and rising geopolitical tensions in the Middle East.
Gold prices climbed as heightened geopolitical risk in the Strait of Hormuz boosted safe-haven demand, with investors now focused on the upcoming U.S. non-farm payrolls report for cues on Federal Reserve policy.
Oil prices surged after media reports indicated Iran attacked targets in the strategic Strait of Hormuz, amplifying geopolitical risk premiums amid stalled negotiations over passage through the critical waterway.
Oil futures rose as traders weighed a proposal from Iran to ban certain vessels and impose transit fees on ships passing through the critical Strait of Hormuz, adding to supply-side uncertainty.
Gold prices held firm as traders balanced safe-haven demand from renewed Middle East tensions against the prospect of higher U.S. interest rates, with all eyes on the upcoming nonfarm payrolls report.
Crude oil futures extended sharp gains after reports that an Iranian parliamentary committee is reviewing legislation to bar U.S. and Israeli vessels from the critical Strait of Hormuz, renewing fears of significant supply disruptions.
President Donald Trump has signed an executive order invoking Section 232 to implement new tariffs and trade actions aimed at protecting domestic polysilicon manufacturers from foreign competition.
