March 7, 2025 3:43 pm
Key moments The US Energy Secretary unveiled his intentions to seek up to $20 billion to replenish the nation’s depleted oil reserve to its maximum capacity of 700 million barrels. The current holdings of the Strategic Petroleum Reserve stand at 395 million barrels, a dramatic reduction from its maximum capacity. The refill initiative, which may […]
Read moreMarch 7, 2025 3:28 pm
Key moments After an earlier dip to $32.20, XAG/USD recovered, exceeding $32.50. The upcoming US Nonfarm Payrolls report is driving market volatility, with traders carefully positioning themselves ahead of the release and its potential impact on Fed policy. Silver’s recovery was aided by a declining US dollar, making the metal more attractive to investors holding […]
Read moreMarch 7, 2025 10:36 am
Key moments DNO has finalized the purchase of 100% of Sval Energi from HitecVision, with a $450 million cash transaction for the company’s shares. The Oslo-listed DNO experienced a 7.8% increase in its share value by 9:14 GMT, significantly exceeding the broader European oil and gas index’s 0.1% decline. This acquisition is set to quadruple […]
Read moreMarch 7, 2025 9:43 am
Key moments Sharp Price Increase: Arabica coffee futures, serving as a primary reference point for setting prices in the global coffee trade, experience an almost 70% surge since November, impacting global trade. Reduced Purchasing: Traders and roasters minimize purchases due to price volatility and retail resistance. Inventory Decline: Coffee warehouses report significantly reduced stock levels, […]
Read moreMarch 7, 2025 8:44 am
Key moments Oil prices are set for their largest weekly drop since October due to U.S. tariff policy uncertainties. Fluctuating U.S. trade policies, including tariffs, are creating concerns about economic growth and oil demand. Despite tariff concerns, OPEC+ is proceeding with planned output increases, adding to market supply. Oil Prices Are on Track for Steepest […]
Read moreMarch 7, 2025 7:23 am
Key moments Gold poised for 1.9% weekly gain, outlook remains optimistic Overall uncertainty continues to underpin safe haven demand US Non-Farm Payrolls figures on traders’ radar for clues over Fed monetary easing path Spot Gold traded within a relatively tight range on Friday and looked set for a weekly gain, as investors braced for the […]
Read moreMarch 7, 2025 7:10 am
Key moments Gold prices, though slightly down on Friday, were set for a weekly increase due to trade policy uncertainties. President Trump’s tariff announcements and subsequent suspensions impacted gold’s price, reflecting market volatility. Investors awaited the U.S. non-farm payrolls report for further market direction, with expectations of 160,000 jobs gained. Despite Minor Pullback, Gold Holds […]
Read moreMarch 6, 2025 4:08 pm
Key moments NBIM allocates $250 million to hedge funds as part of its long-short equity strategies. New mandates target returns over 1.8% above benchmark. Norway’s fund, managing oil revenues, achieved 7.5% annualized returns over a decade. NBIM Aims to Outperform Benchmark by More Than 1.8% after Fees Norway’s $1.8 trillion sovereign wealth fund, managed by […]
Read moreMarch 6, 2025 12:07 pm
Key moments OPEC+ announces a production increase of 138,000 barrels per day, the first rise since 2022. U.S. crude oil stockpiles increase by 3.614 million barrels, exceeding market expectations. WTI crude oil price extends its losing streak, approaching $66 per barrel. OPEC+ Production Hike Triggers Market Downturn West Texas Intermediate (WTI) crude oil prices have […]
Read moreMarch 6, 2025 10:47 am
Key moments KOMSCO halts gold bar sales for over three weeks due to supply issues, amidst strong market demand. South Korea’s bar and coin investment rose 29% in Q4, coinciding with an 11% won depreciation. Individual investors pull ₩224.88 billion from equities, while gold prices climb 10%, showing a shift to gold. Supply Constraints and […]
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