Browsing: Commodities
‘Copper is the new oil,’ and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says
Copper is emerging as the next indispensable industrial commodity, mirroring oil’s rise in earlier decades, a top commodities analyst said.…
An oil tanker going from Russia to China is hit by a Houthi missile in the Red Sea, U.S. military says
A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by…
Russia’s fortress economy has propped up Vladimir Putin amid Western sanctions, but a key weak spot is emerging in the Arctic
Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of…
Natural gas producers in Texas are paying people to take their supply as prices sink deeper into negative territory
Natural gas prices in West Texas under pressure from a glut in supply sank even further into negative territory after…
China’s demand for gold is unstoppable as consumers, investors, and the central bank fuel a record-breaking price surge
Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer…
Investors don’t seem that worried, for now, about a wider conflict in the Middle East after Iran’s unprecedented attack on Israel
Oil and stock futures traded largely flat Sunday evening as financial markets offered muted reactions to Iran launching hundreds of…
Record-high gold prices trigger a flood of selling at jewelers and pawn shops. ‘People are using gold as an ATM they never had’
Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers…
Here’s what Wall Street expects from financial markets after Iran’s attack on Israel. ‘The risk is if this situation escalates and there is contagion in the region’
Financial markets will face the new week fretting about geopolitics with much riding on whether Iran’s unprecedented weekend strike on…
Markets flash early signs of risk from wider Mideast war as crypto prices sink after Iran launches wave of drones at Israel
Cryptocurrency prices fell Saturday evening after Iran launched a wave of drones at Israel, marking an early indication of the…
Oil prices jump to 6-month high as U.S. sends more military assets to Mideast ahead of a possible Iranian attack on Israel
Oil jumped to the highest price since October as Israel braced for a possible attack from Iran, a development that…