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The latest commodities coverage from the TrustFinance editorial desk.
Iran is expanding its military and economic pressure campaign beyond the Strait of Hormuz, targeting other key maritime routes and energy infrastructure. The strategy aims to increase the cost of containment for the U.S. and its allies, forcing them toward negotiations on Tehran's terms.
Chinese importers have reportedly purchased at least 13 cargoes of new-crop U.S. soybeans, totaling approximately 800,000 metric tons. The move, attributed to a recent decline in prices, brings China's total new-crop U.S. purchases to around 5 million tons, according to trade sources.
European natural gas benchmarks fell on Monday after the announcement of direct U.S.-Iran negotiations eased concerns over potential LNG supply disruptions. However, below-average storage levels across the region limited the extent of the price decline.
Silver prices are trading within a narrow band between key support at $57.00 and resistance at $59.50, as technical indicators signal market indecision and declining volume.
Gold is trading in a narrow range as its price becomes compressed between its 50-period and 200-period moving averages, signaling market indecision ahead of a potential breakout.
The state-owned utility announced a total failure of the national electric grid late Sunday, plunging the island of 10 million people into darkness amid a deepening energy crisis.
Australia's federal government has confirmed the country's first mass mortality event from H5 bird flu in wild seabirds, elevating concerns about the potential for the virus to spread to the nation's vital poultry industry.
Gold advanced as President Trump's delay of a military strike on Iran caused oil prices to fall sharply, easing inflation concerns and weighing on the U.S. dollar.
Crude oil benchmarks tumbled after U.S. President Donald Trump called off a military strike on Iran and announced new talks, easing geopolitical fears. A concurrent decision by OPEC+ to increase production quotas added further downward pressure on prices.
