Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Freedom Fuel's $3.47 Gas Promotion Hits 25 Stations, Sustainability in Question
Freedom Fuel's $3.47 gas promotion at 25 stations offers savings but raises sustainability concerns amid analyst skepticism.
Silver Rallies on Dollar Weakness Despite Fed Rate Worries
Spot silver rose to $58.82 an ounce on Thursday, buoyed by a weaker dollar, as traders weigh Fed rate hike risks against safe-haven demand.
Gold Rebounds Past $4,100 as Dollar Weakens, Geopolitical Tensions Linger
Gold recovered above $4,100 an ounce, buoyed by a weaker dollar and persistent Middle East tensions, while investors assess Fed rate hike odds and oil's impact on inflation.
Brent Crude Holds Below $78 as Hormuz Tensions Ease on Supply Signals
Brent crude hovers near $78 amid U.S.-Iran tensions, but supply recovery and EIA outlook cap gains. Market eyes Hormuz risks and OPEC+ moves.
Iran Oil Waiver Expiry Strands 63 Million Barrels, China Refiners Pause
The end of the U.S. Iran oil waiver leaves 63 million barrels of Iranian crude at sea, with China's refiners halting new purchases. Brent crude jumped 5% as supply risks escalate.
Hecla Mining Lags Silver ETF as Keno Hill Output Falls Short
Hecla Mining shares edged up 0.3% on Monday, underperforming the iShares Silver Trust which rose 1.8%, as Keno Hill production fell below its targeted run rate.
Gold Hovers Near JPMorgan's Q3 Target as Rate Hike Bets Steady
Gold slipped 0.2% to $4,165.21/oz, near JPMorgan's Q3 target of $4,300, as Fed rate hike odds steady at 56%. Platinum shows more upside potential.
Lode Gold's Fremont Mine Faces Valuation Challenges Amid Rosland Bankruptcy
Lode Gold values its Fremont mine at 3.09M ounces of gold worth $12.9B, but Rosland Capital's Chapter 11 filing and a JPMorgan price target cut underscore market headwinds.
Discovery Mining Surges C$648M in Market Cap on First Day Under New Name
Discovery Mining Ltd. (TSE:DSV) shares surged 8.8% on its first trading day under the new name, adding about C$648 million in market value.
Gold Surges Past $4,100 on Weak US Jobs Data, Fed Rate Cut Hopes
Gold surged past $4,100 after weaker-than-expected US jobs data and downward revisions to prior months fueled hopes for Federal Reserve rate cuts. Spot gold rose 2.4% to $4,126.97.
Nova Scotia Gas Prices Climb Ahead of Canada Day; Diesel Holds Steady
Nova Scotia gasoline prices increased 3.6 cents per litre this week, while diesel stayed flat. The regulator removed a negative adjustment, lifting gasoline, but diesel remained unchanged.