Section
The latest commodities coverage from the TrustFinance editorial desk.
CBOT corn futures declined on Monday as traders took profits following a 15-month peak, with pressure mounting from weaker oil prices and an improved U.S. crop weather forecast.
Chinese chipmaker CXMT became the country's most valuable listed company after its shares surged almost 500% on their first day of trading in Shanghai, following Asia's largest IPO of the year which raised $8.6 billion.
Brent crude prices fell sharply after the U.S. suspended a two-week bombing campaign against Iran, though Tehran stated it is not seeking peace talks and remains in control of the vital Strait of Hormuz.
European wholesale natural gas futures plunged on Monday, tracking a sharp sell-off in crude oil after signs of a potential truce in the Middle East eased concerns over global energy supply disruptions.
Gold prices are coiling within a narrowing technical pattern, signaling potential for a significant price move as traders monitor key support and resistance levels.
Silver prices are consolidating in a tight range, caught between a major Fibonacci resistance level at $60.39 and short-term support. Declining trading volume suggests market indecision, with traders on alert for a decisive breakout or a potential bull trap.
Gold prices climbed in Asian trading, supported by a weaker U.S. dollar, as investors balanced an easing of Middle East tensions against the upcoming U.S. Federal Reserve policy decision.
Crude oil prices fell sharply on Monday after the United States and Iran paused military strikes, prompting investors to unwind geopolitical risk premiums on hopes of a diplomatic breakthrough.
Crude oil benchmarks Brent and WTI fell sharply after the U.S. paused military action against Iran, raising market hopes for a diplomatic solution and reducing the geopolitical risk premium.
