Section
The latest commodities coverage from the TrustFinance editorial desk.
The spot price of silver climbed over 1% on Friday, recovering from a sharp sell-off as investors weighed geopolitical risks and positioned themselves ahead of a crucial U.S. Consumer Price Index report that could influence the Federal Reserve's next interest rate decision.
Gasoline refining margins in Northwest Europe surged by nearly $17 on Friday, recovering from a one-month low amid active trading and record-high import volumes into the region.
Freight rates for the largest oil tankers have surged to unprecedented levels following a series of attacks on commercial shipping in the Middle East, fueling concerns over potential inflationary pressures on the global economy.
Investment bank UBS is advising clients to favor gold over platinum for the fourth quarter, citing a significant supply surplus in the platinum market driven by weak investment and industrial demand.
U.S. ground beef prices climbed to a new record in August, data from the Bureau of Labor Statistics shows, as a tight domestic cattle supply continues to outweigh recent government efforts to increase imports.
The main sea freight index for dry bulk commodities fell on Friday, pressured by declining rates for larger capesize vessels amid weakening demand for iron ore in China.
Global oil prices have crossed the $100 threshold amid geopolitical fears, yet the surge is being capped by resilient supply routes, rising non-OPEC output, and weakening demand, particularly from China.
A potential September interest rate hike from the Federal Reserve could spark a brief selloff in gold, but strong underlying demand is expected to limit the decline, according to a new analysis from UBS.
Oil prices surged on Wednesday, with Brent crude approaching the key $100-per-barrel level for the first time since July, as escalating military attacks across the Middle East intensified fears of major supply disruptions.
