Tag: Commodities Trading

Daily Gold News: Monday, October 26 – Still Not Much Happening
Commodities

Daily Gold News: Monday, October 26 – Still Not Much Happening

The gold futures contract gained 0.03% on Friday, as it continued to trade within a consolidation following bouncing off $1,900 price level again. In September the market was retracing its rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ): Gold is 0.2% higher this morning, as it remains within a mentioned consolidation after bouncing off $1,900 level. What about the other precious metals? Silver lost 0.14% on Friday and today it is 1.3% lower. Platinum gained 2.57% and today it is 1.8% lower. Palladium gained 0.11% on Friday and today it is 0.8% lower. So precious meta...
Daily Gold News: Thursday, October 22 – Gold Continues Sideways
Commodities

Daily Gold News: Thursday, October 22 – Gold Continues Sideways

The gold futures contract gained 0.74% on Wednesday, as it got closer to early October local high. Today yellow metal’s price is is getting back slightly lower again. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ): Gold is 0.4% lower this morning, as it is retracing some of yesterday’s advance. What about the other precious metals? Silver gained 1.04% on Wednesday and today it is 0.8% lower. Platinum gained 1.89% and today it is 0.1% lower. Palladium gained 0.41% on Wednesday and today it is 0.9% lower. So precious ...
Daily Gold News: Extend Short-Term Advance as US Dollar Declines
Commodities

Daily Gold News: Extend Short-Term Advance as US Dollar Declines

FXEmpire.com - The gold futures contract gained 0.19% on Tuesday, as it got closer to the recent local highs. Today yellow metal’s price is the highest since last week’s Tuesday following bouncing off $1,900 price level again. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ): Gold is 0.7% higher this morning, as it is extending short-term uptrend following declining U.S. dollar. What about the other precious metals? Silver gained 1.14% on Tuesday and today it is 1.6% higher. Platinum gained 1.60% and today it is 0.7%...
Waiting for aid: U.S. airline workers ‘pawns’ in stimulus battle
Commodities

Waiting for aid: U.S. airline workers ‘pawns’ in stimulus battle

By Tracy Rucinski CHICAGO, Oct 20 (Reuters) - When she is not helping her kids with remote school or worrying about her next mortgage payment, Jessica Trujillo spends her days rallying friends and co-workers to lobby Washington for federal aid to protect airline workers who feel their fates are trapped in a political tug-of-war. After so far failing to convince Congress to approve another $25 billion bailout for coronavirus-slammed airlines, the industry is looking to a fresh Tuesday deadline set by Democratic House of Representatives Speaker Nancy Pelosi for a COVID-19 relief deal with the Republican White House. Airlines were hoping for legislation before Sept. 30, when a first package tied to job protections expired despite broad bipartisan support as Democrats and Republicans wres...
‘Bad math’: Airlines’ COVID safety analysis challenged by expert
Commodities

‘Bad math’: Airlines’ COVID safety analysis challenged by expert

By Laurence Frost PARIS, Oct 19 (Reuters) - A campaign by coronavirus-stricken aviation giants to persuade the world it's safe to fly has been questioned by one of the scientists whose research it draws upon. Dr David Freedman, a U.S. infectious diseases specialist, said he declined to take part in a recent presentation by global airline body IATA with planemakers Airbus AIR.PA, Boeing BA.N and Embraer EMBR3.SA that cited his work. While he welcomed some industry findings as "encouraging", Freedman said a key assertion about the improbability of catching COVID-19 on planes was based on "bad math". Airlines and planemakers are anxious to restart international travel, even as a second wave of infections and restrictions take hold in many countries. The Oct. 8 media presentation listed...
Daily Gold News: Gold Still at $1,900 as Markets Remain Indecisive
Commodities

Daily Gold News: Gold Still at $1,900 as Markets Remain Indecisive

FXEmpire.com - The gold futures contract gained 0.08% on Thursday, as it continued to fluctuate following Tuesday’s retreat below $1,900 price level. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ): Gold is unchanged this morning, as it is extending a short-term consolidation. What about the other precious metals? Silver lost 0.7% on Thursday and today it is 0.3% higher. Platinum lost 0.24% and today it is 0.7% lower. Palladium gained just 0.03% yesterday and today it is 0.7% lower. So precious metals are mixed this...
A millennials love affair: China’s second-hand luxury goods market booms
Commodities

A millennials love affair: China’s second-hand luxury goods market booms

BEIJING, Oct 16 (Reuters) - China's love for luxury is spilling over into the once shunned second-hand goods sector, with online stores surfing a wave of pent-up demand from shoppers, led by millennials, who have been forced into belt-tightening by the coronavirus pandemic. The rapid proliferation over recent years of second-hand luxury sales online platforms have helped fuel an expansion of the market, similar to those of U.S. online luxury reseller The RealReal Inc REAL.O or Europe's Vestiaire Collective. "Our income recorded a surge this year during the pandemic as offline stores are mostly closed," said Xu Wei, founder of Plum, a second-hand luxury products company in Beijing which is especially popular with millennial women from China's lower tier cities. Chinese consumers have t...
UK needs to make a Brexit call soon: deal or no-deal?
Commodities

UK needs to make a Brexit call soon: deal or no-deal?

Adds Goldman LONDON, Oct 15 (Reuters) - Britain cannot tell businesses to prepare at the last minute if talks between London and Brussels fail to agree a Brexit deal so Prime Minister Boris Johnson will need to make a decision sooner rather than later, a junior minister said on Thursday. "If we can't get a deal, rightly so, we've got to allow businesses to prepare," junior business minister Nadhim Zahawi told Sky News. "I can't go to businesses at the 11th hour on the 31st of December... We have to make a decision much sooner." Goldman Sachs said on Thursday that there could be drama at the EU summit over Brexit but that a thin trade deal was likely to struck by early November. "Neither the UK Prime Minister's 15 October deadline nor the European Commission's 31 October deadline con...
Daily Gold News: Gold Going Sideways Following Friday’s Rally
Commodities

Daily Gold News: Gold Going Sideways Following Friday’s Rally

The gold futures contract gained 1.64% on Friday, as it broke above $1,900 price level. On Tuesday volatility has increased following a tweet from the U.S. President ending stimulus talks. But overall, the market has extended its consolidation. Recently gold was retracing a rally from around $1,800 to August 7 record high of $2,089.20 in reaction to U.S. dollar advance, among other factors. Then gold has bounced from the support level marked by mid-August local low of around $1,875, as we can see on the daily chart ( the chart includes today’s intraday data ): Gold is 0.5% lower this morning, as it is trading along Friday’s high. What about the other precious metals? Silver rallied 5.16% on Friday and today it is 0.4% lower. Platinum gained 3.51% and today it is 1.0% lower. Pallad...
Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul
Commodities

Keeping it clean: U.S. ethanol producers invest in sanitizer for long haul

By Stephanie Kelly NEW YORK, Oct 8 (Reuters) - Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand. Instead of shutting like many ethanol facilities, the company switched focus from producing fuel ethanol to making high-grade alcohol for hand sanitizer, where demand surged during the pandemic as Americans scrambled to protect themselves against the coronavirus. Red River and several other companies now view the hand sanitizer market as more than a temporary salve for weak fuel demand, making permanent investments in production of high-grade alcohol that meets standards for producing sanitizer. In recent months Pacific Ethanol PEIX.O, Green Plains GPRE....