Gold, oil, natural gas and metals coverage focused on supply, demand, prices and the macro forces driving them.
What Happened The UK government, led by Prime Minister Burnham, has decided to uphold a ban on new exploration licenses in the North Sea. This decision has sparked…
Current Market Sentiment The latest Kitco News Weekly Gold Survey reveals a stark divide in market sentiment surrounding gold’s near-term prospects. Wall Street analysts are overwhelmingly bearish, indicating…
Forecast Overview State Street’s latest Monthly Gold Monitor, published in July 2026, has set a bullish forecast for gold prices, projecting an increase to as much as $5,500…
What Happened The Canadian government has announced plans for a new oil pipeline that will connect the eastern and western regions of the country. This ambitious project is…
What Happened As the global competition for critical minerals intensifies, U.S. scientists are pioneering efforts to extract essential elements from seawater, presenting a potential challenge to China’s near-monopoly…
What Happened The European Union is gearing up for potential trade conflicts as it anticipates the expiration of a truce with China over rare earth elements. With the…
What Happened The oil and gas industry is bracing for significant job losses as major companies like Chevron and ExxonMobil announce drastic cuts to their workforces. Chevron plans…
The Current Landscape of Gold Demand In a stark contrast to India’s recent pause on gold import duties, China’s gold buying activity has reached unprecedented levels. As of…
What Happened On July 7, 2026, Hong Kong’s Precious Metals Central Clearing Company (PMCC) completed its inaugural institutional gold settlements. This milestone is significant as it demonstrates Hong…
Market Overview As the trading week winds down, gold and silver prices have seen an uptick in late-afternoon U.S. trading on Friday. Spot gold is currently hovering near…
Market Movements Today In a notable downturn during late-afternoon trading on Thursday, both spot gold and silver prices saw significant declines. This comes as strong U.S. economic data,…
What Happened Oil prices have surged significantly, rising 12% since Friday as geopolitical tensions escalate. In Tuesday’s Asian trade, Brent Crude futures reached a one-month high, driven by…
Current Situation in the Strait of Hormuz The Strait of Hormuz, a vital maritime passage for global oil shipments, is currently under scrutiny as market analysts assess the…
What Happened In a significant market development, oil prices have surged to a 28-day high of $80 per barrel. This spike comes as geopolitical tensions between the United…
US Stock Market Futures Decline Amid Strait of Hormuz Tensions US Stock Market Futures Decline Amid Strait of Hormuz Tensions In a significant geopolitical development, US stock market…
What Happened In a significant market development, US oil prices have surged nearly 5% today following Iran’s announcement to close the Strait of Hormuz. This strategic waterway is…
Current Market Dynamics The recent military conflict involving Iran has once again placed the Middle East at the forefront of global energy markets. As tensions escalate, crude oil…
Current Market Overview Crude oil prices are poised for a weekly gain as geopolitical tensions in the Middle East escalate. As of the latest trading session, Brent crude…
Escalation in Hormuz Recent tensions between the United States and Iran have led to a significant decrease in tanker traffic through the Strait of Hormuz, a critical passage…
What Happened On Thursday, oil prices continued to rise as geopolitical tensions in the Middle East escalated following fresh military strikes on Iran by the United States. This…
Market Reaction Overview In late-afternoon trading on Wednesday, both spot gold and silver prices were significantly lower, reflecting a broader market reaction to key economic signals. The recent…
Refinery Capacity Surge Africa’s most prominent industrialist, Aliko Dangote, is making waves in the global oil market with his Lekki refinery, which has been operating at full capacity…
Current Gold Market Analysis Gold prices are currently trading at $4,045, closely aligning with the valuation threshold identified by the World Gold Council (WGC). This key price point…
Market Overview Spot gold and silver prices are under pressure ahead of the North American market open on Wednesday, reflecting a broader trend as investors navigate rising crude…
Vitol’s Strategic Expansion Commodity trading giant Vitol is positioning itself for an expansion into Venezuela as interest in the country’s oil resources surges. According to reports from Reuters,…
Market Overview In the late North American session on Tuesday, spot gold and silver prices faced notable declines as multiple factors converged to shift market sentiment. Spot gold…
Strategic Oil Production Targets In a familiar pattern, Iraq has announced its intention to ramp up crude oil production to an ambitious 7 million barrels per day (bpd)…
Escalating Tensions in the Gulf The U.S. military has intensified its operations in the Gulf region, launching powerful strikes against Iranian targets following a series of recent ship…
What Happened In a significant escalation of hostilities, Ukraine has launched a drone strike that has crippled Russia’s largest oil refinery, the Omsk facility, as Moscow grapples with…
What Happened Abu Dhabi National Oil Company (ADNOC) has solidified its strategic partnership with Japan’s Inpex by signing a significant 15-year liquefied natural gas (LNG) supply agreement. The…
