Articles by Rebecca Torres
Gold Holds Near Peak Ahead of U.S. Inflation Data, Geopolitical Tensions Simmer
Gold edged higher Wednesday, supported by safe-haven demand ahead of key U.S. inflation figures, while oil prices fell. Geopolitical risks remain elevated.
Denison Mines Launches Major Exploration as Phoenix Uranium Mine Construction Begins
Denison Mines Corp. has initiated a significant 7,500-meter drill program at its Wheeler North joint venture in Saskatchewan, coinciding with the start of construction at its flagship Phoenix uranium mine, which received final regulatory approval.
Crude Plunges 15% as Trump Hints at Iran Conflict Resolution
Oil prices collapsed nearly 15% Tuesday after Donald Trump indicated the Iran conflict might conclude shortly, erasing Monday's panic-driven surge above $119. G7 ministers deferred tapping emergency reserves.
Oil Plummets 13% as Trump Hints at Iran Conflict Resolution
Oil prices crashed over 13% Tuesday after U.S. President Donald Trump indicated the Iran conflict might conclude shortly, erasing the prior day's surge driven by supply fears. Brent crude fell $12.46 to $86.50 per barrel.
Gold Surges Past $5,220 as Oil Plunge Eases Inflation Pressure
Gold rebounded sharply Tuesday, climbing above $5,220 an ounce as a steep drop in crude oil prices and a softer dollar alleviated near-term inflation concerns ahead of key U.S. economic data.
BP Stock Gains on Oil Price Surge, Yet Market Skepticism Lingers Over Lasting Impact
BP's stock climbed 2.2% in London trading following a sharp spike in oil prices, though the gain significantly lags behind crude's over 40% surge since late last month, reflecting market doubts about sustained supply disruptions.
Rio Tinto Bauxite Diverted Amid Hormuz Blockage, Aluminium Prices Surge
A Rio Tinto bauxite cargo from Australia has been diverted to China following a blockage in the Strait of Hormuz, contributing to a spike in aluminium prices as Gulf smelters face supply shortages.
Silver Retreats as Dollar Gains, Oil Spike Delay Rate Cut Bets
Spot silver declined 0.3% to $84.07 per ounce, paring deeper losses, as a strong dollar and soaring oil prices above $119 rattled markets and delayed expectations for U.S. rate cuts.
Gold Retreats as Oil Spike Fuels Dollar Rally, Rate Cut Doubts
Spot gold declined 1.2% to $5,109.39 per ounce Monday as a sharp rally in oil prices and a stronger U.S. dollar revived inflation concerns, reducing expectations for imminent Federal Reserve interest rate cuts.
Middle East Conflict Sparks Historic Oil Price Surge, Strains Global Supply
Oil prices surged dramatically on Monday, with Brent crude briefly exceeding $119 per barrel, following supply disruptions in the Middle East linked to regional conflict. Governments and companies scrambled to respond to the market shock.
Qatar LNG Outage Sparks Global Gas Price Surge
European natural gas benchmarks jumped sharply Monday after a major LNG facility shutdown in Qatar, tightening global supply and pushing prices higher across key markets.