Oil nears seven-week highs as US and Iran trade strikes over Hormuz
Oil prices touched near seven-week highs Monday before easing back, as the U.S. and Iran traded strikes on tankers and…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
China’s gold reserves jump to $350 billion at end of August
China's gold reserves jumped to $350.08 billion at the end of August, up sharply from $306.35 billion at the end…
Gold Pulls Back From Resistance as Traders Await CPI
Spot gold has pulled back to the $4,395–$4,402 range after failing to clear resistance near $4,480–$4,500. Traders are digesting recent…
Chinese demand surge and Strait of Hormuz disruption push crude oil toward record highs
Crude oil is climbing as surging Chinese demand meets a tightening physical market. The Strait of Hormuz remains effectively shut…
Oil extends gains as US and Iran strike tankers in the Strait of Hormuz
Oil rose more than $1 a barrel on Monday after the US and Iran exchanged strikes on tankers in the…
