Browsing: Commodities

Record-high gold prices trigger a flood of selling at jewelers and pawn shops. ‘People are using gold as an ATM they never had’

Record-high gold prices trigger a flood of selling at jewelers and pawn shops. ‘People are using gold as an ATM they never had’

By Press Room14 April 2024

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’

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’

By Press Room14 April 2024

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

Markets flash early signs of risk from wider Mideast war as crypto prices sink after Iran launches wave of drones at Israel

By Press Room14 April 2024

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 prices jump to 6-month high as U.S. sends more military assets to Mideast ahead of a possible Iranian attack on Israel

By Press Room12 April 2024

Oil jumped to the highest price since October as Israel braced for a possible attack from Iran, a development that…

Gold is setting record highs, but why prices are soaring now is a complete mystery: ‘The rally is defying a lot of normal thinking’

Gold is setting record highs, but why prices are soaring now is a complete mystery: ‘The rally is defying a lot of normal thinking’

By Press Room7 April 2024

Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical climate…

Swiss commodities firm pays 1 million to settle ‘years-long bribery scheme involving high-level Ecuadoran officials’

Swiss commodities firm pays $661 million to settle ‘years-long bribery scheme involving high-level Ecuadoran officials’

By Press Room3 March 2024

Geneva-based commodities trading firm Gunvor said Friday that it has reached a $661 million settlement with U.S. and Swiss prosecutors…

‘Everybody’s going to be green again with inflation back down’: Ex–Goldman commodities guru says environmentalists ‘unwilling to pay for their politics’

‘Everybody’s going to be green again with inflation back down’: Ex–Goldman commodities guru says environmentalists ‘unwilling to pay for their politics’

By Press Room9 January 2024

In 1981, the post-punk band New Order released an eerie single, “Everything’s Gone Green.” Known for their bizarre but occasionally…