Section
The latest commodities coverage from the TrustFinance editorial desk.
Keiko Fujimori has been sworn in as Peru's first elected female president, taking the helm of the major copper-producing nation amid significant political and economic challenges.
A sell-off in semiconductor stocks has intensified globally, fueled by concerns over new Chinese competitors, the high cost of AI infrastructure, and nervousness ahead of key earnings reports from industry giants.
Libya's National Oil Corporation has halted production at the El Feel oilfield, which can produce up to 90,000 barrels per day, after protesters forced a shutdown at the Mellitah energy complex. The disruption threatens the stability of the nation's power grid.
The investment bank now projects a 200,000-ounce surplus for the year, citing weaker autocatalyst demand and higher scrap supply as key drivers for the price downgrade.
Oman has reportedly presented a proposal to Iran for a shared regional mechanism to manage the vital Strait of Hormuz, a move aimed at de-escalating tensions in a critical global energy chokepoint, a Gulf source told Reuters.
The European benchmark natural gas contract fell 3% as comments from U.S. President Trump suggesting diplomatic progress with Iran deflated the geopolitical risk premium in energy markets.
Gold prices fell in early trading as the U.S. dollar held near a one-month high, with investors remaining cautious ahead of the Federal Reserve's key interest rate decision later this week.
Crude oil benchmarks fell more than 1% as a pause in U.S. military action against Iran and comments suggesting diplomatic talks raised hopes of de-escalation, reducing the geopolitical risk premium for investors.
Crude oil benchmarks suffered one of their steepest single-day declines in weeks, as easing U.S.-Iran hostilities and signs of weakening demand overshadowed the market.
