Commodities News
Commodity market news including oil prices, gold, silver, natural gas, and agricultural futures. Track supply, demand, and geopolitical price drivers.
Gold Surges Past $5,000 on Rate Cut Hopes, Tariff Ruling
Gold prices climbed above $5,000 an ounce Friday, driven by disappointing U.S. economic growth figures and a Supreme Court decision striking down former tariffs. The move reflects shifting expectations for Federal Reserve policy.
SSR Mining Calls Convertible Notes, Gold Prices Rally on Economic Data
SSR Mining shares advanced as the company announced the redemption of its 2.50% convertible notes due 2039, which could lead to the issuance of approximately 13 million new shares. Concurrently, gold prices strengthened following disappointing U.S. economic growth data.
Denison Mines Secures Key Canadian Approval for Phoenix Uranium Mine
Denison Mines Corp. shares advanced in premarket trading following Canadian regulatory approval for construction of its flagship Phoenix uranium mine. The decision shifts focus to the company's final investment decision and construction timeline.
Silver Surges Past $80 on Safe-Haven Demand Ahead of Key U.S. Data
Silver prices climbed nearly 3% to breach $80 per ounce in European trading Friday, driven by safe-haven demand amid Middle East tensions and lower bond yields. The rally is increasing costs for solar manufacturers.
South32 Shares Dip Amid Copper Volatility and Dividend Focus
South32 shares closed lower at A$4.39, with markets focused on copper price volatility and the company's interim dividend ex-date of March 5. The miner also plans to idle its Mozal aluminium smelter in Mozambique.
Shell Shares Reach New Peak as Venezuela Licenses Unlock Dragon Gas Project
Shell shares climbed to a fresh 52-week high after the company confirmed new U.S. licenses enable advancement of its long-delayed Dragon natural gas project in Venezuela. The development comes amid elevated crude prices driven by geopolitical tensions.
Santos Shares Dip Amid Major Gas Deal, Dividend Date Nears
Santos shares declined 0.9% to A$6.94 following a major gas supply agreement and ahead of its final dividend ex-date on February 23.
Paladin Energy Gains on Key Canadian Uranium Project Approval
Paladin Energy Ltd. advanced after receiving provincial environmental sign-off for its Patterson Lake South uranium project in Canada. The approval marks a key regulatory milestone as the company progresses toward federal licensing.
Evolution Mining Gains as Chair Sells Shares; Gold and Dividend Outlook in Focus
Evolution Mining Ltd shares advanced 0.7% to A$15.05 even as Chair Jacob Klein sold 3.25 million shares. Gold prices remained near $5,000 per ounce but faced weekly pressure from a stronger U.S. dollar.
Northern Star Dips as Gold Awaits U.S. Inflation Data
Northern Star Resources shares declined slightly as gold markets held steady but faced weekly losses. Investors focused on upcoming U.S. inflation figures and currency movements affecting miner margins.