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The latest breaking Commodities news articles, financial market, rates and more.

 

TSX May Open Lower As Commodities Tumble - Nasdaq

Canada's benchmark index looked set to open lower on Thursday as commodity prices tumbled a day after the U.S. Federal Reserve hinted at increasing rates again this year.

Stock futures for the September quarter on the S&P TSX index were down 0.02% recently.

Precious metal and oil prices were down on Thursday, and Action Economics said the dollar rose after the mix of data, where jobless claims unexpectedly fell, despite hurricane disruptions, and the Philly Fed index blew out expectations by rising sharply.

Oil was also pressured by the uncertainty of the outcome of the upcoming OPEC meeting in Vienna on Friday. The group and its allies have agreed to cut output until March 2018 and are expected to extend the said deal.

The TSX gained 96 points on Wednesday, with energy stocks leading the advance.

The views and opinions expressed herein are the views and opinions of the author and...


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Read more: TSX May Open Lower As Commodities Tumble - Nasdaq

Commodities Daily Forecast – September 21, 2017 - Nasdaq

Gold

The gold market gained some strength from the lower levels on Wednesday's session as the market was waiting for the outcome of Fed's meeting. Now, the Fed has indicated to start the shrinking of its huge balance sheet early, the gold price will probably fall. It has strong support near the $1300 level and if it breaks below this level, then it will be very negative for the market and may go towards the $1250 level. …Read More

Silver

The silver market was initially sideways during the session on Wednesday, as the market was waiting for the outcome of Fed's meeting. Going through the technical chart, the silver has strong resistance above the $17.50 level and if it breaks above this area then the market will move towards the $18 level. Now, with the outcome of Fed's meeting, the market is likely to consolidate around the lower level with $17 as a strong support zone. …Read...


Read full article on News GN Commodities


Read more: Commodities Daily Forecast – September 21, 2017 - Nasdaq

Commodities Daily Forecast – September 21, 2017 - Nasdaq

Gold

The gold market gained some strength from the lower levels on Wednesday's session as the market was waiting for the outcome of Fed's meeting. Now, the Fed has indicated to start the shrinking of its huge balance sheet early, the gold price will probably fall. It has strong support near the $1300 level and if it breaks below this level, then it will be very negative for the market and may go towards the $1250 level. …Read More

Silver

The silver market was initially sideways during the session on Wednesday, as the market was waiting for the outcome of Fed's meeting. Going through the technical chart, the silver has strong resistance above the $17.50 level and if it breaks above this area then the market will move towards the $18 level. Now, with the outcome of Fed's meeting, the market is likely to consolidate around the lower level with $17 as a strong support zone. …Read...


Read full article on News GN Commodities


Read more: Commodities Daily Forecast – September 21, 2017 - Nasdaq

Commodities - Crude Oil Up In Asia Ahead Of OPEC, Rig Count Data, NKorea Nuclear N - Investing.com

© Reuters. Crude gains in Asia© Reuters. Crude gains in Asia

Investing.com - Crude oil prices rose in Asia on Friday as investors looked ahead to a meeting of OPEC and allied nations to review efforts to curb output and U.S. later in the day as they digested an alarming report that North Korea could test a nuclear weapon over the Pacific Ocean.

On the New York Mercantile Exchange crude futures for November delivery rose 0.12% to $50.61 a barrel, while on London's Intercontinental Exchange, edged down 0.14% to $56.40 a barrel.

North Korean Foreigh Minister Ri Yong Ho said on Friday he believes the North could consider a hydrogen bomb test on the Pacific Ocean of an unprecedented scale, South Korea's Yonhap news agency reported.

Ri was speaking to reporters in New York when he was asked what North Korean leader Kim Jong Un had meant when he threatened in an earlier statement the "highest level of hard-line...


Read full article on News GN Commodities


Read more: Commodities - Crude Oil Up In Asia Ahead Of OPEC, Rig Count Data, NKorea Nuclear N - Investing.com

Commodities - Crude Oil Up In Asia Ahead Of OPEC, Rig Count Data, NKorea Nuclear N - Investing.com

© Reuters. Crude gains in Asia© Reuters. Crude gains in Asia

Investing.com - Crude oil prices rose in Asia on Friday as investors looked ahead to a meeting of OPEC and allied nations to review efforts to curb output and U.S. later in the day as they digested an alarming report that North Korea could test a nuclear weapon over the Pacific Ocean.

On the New York Mercantile Exchange crude futures for November delivery rose 0.12% to $50.61 a barrel, while on London's Intercontinental Exchange, edged down 0.14% to $56.40 a barrel.

North Korean Foreigh Minister Ri Yong Ho said on Friday he believes the North could consider a hydrogen bomb test on the Pacific Ocean of an unprecedented scale, South Korea's Yonhap news agency reported.

Ri was speaking to reporters in New York when he was asked what North Korean leader Kim Jong Un had meant when he threatened in an earlier statement the "highest level of hard-line...


Read full article on News GN Commodities


Read more: Commodities - Crude Oil Up In Asia Ahead Of OPEC, Rig Count Data, NKorea Nuclear N - Investing.com

Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

By Swati Pandey

SYDNEY, Sept 22 (Reuters) - The Australian dollar extended losses to touch a 3-week trough on Friday, hurt by falling metals and iron ore prices, while its New Zealand cousin drifted further away from the 1-1/2 month peak touched earlier this week.

The Australian dollar went as low as $0.7908, a level not seen since Aug.31. For the week, it has fallen 1 percent and was on track for its worst weekly showing since early July.

The losses were led by a 1.2 percent drop on Thursday, the Aussie's biggest one-day decline in 4-1/2 months, following comments from the country's central bank governor that were less hawkish than some had anticipated. Investors were pricing in a rate hike in Australia as early as mid-2018 after some major central banks moved to dial down stimulus in recent weeks. But Governor Philip Lowe wrongfooted hawks by saying the Reserve Bank of Australia...


Read full article on News GN Commodities


Read more: Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

By Swati Pandey

SYDNEY, Sept 22 (Reuters) - The Australian dollar extended losses to touch a 3-week trough on Friday, hurt by falling metals and iron ore prices, while its New Zealand cousin drifted further away from the 1-1/2 month peak touched earlier this week.

The Australian dollar went as low as $0.7908, a level not seen since Aug.31. For the week, it has fallen 1 percent and was on track for its worst weekly showing since early July.

The losses were led by a 1.2 percent drop on Thursday, the Aussie's biggest one-day decline in 4-1/2 months, following comments from the country's central bank governor that were less hawkish than some had anticipated. Investors were pricing in a rate hike in Australia as early as mid-2018 after some major central banks moved to dial down stimulus in recent weeks. But Governor Philip Lowe wrongfooted hawks by saying the Reserve Bank of Australia...


Read full article on News GN Commodities


Read more: Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

Goldman's Woes Hand Commodities Crown to Australia's Macquarie - Bloomberg

Macquarie Group Ltd., the Australian bank better known for infrastructure investing like highways and airports, is emerging as the largest bank in commodities, ousting Goldman Sachs Group Inc. from a position the Wall Street bank enjoyed for almost three decades.

The shift comes as Goldman Sachs suffers its worst performance in commodities since its initial public offering in 1999 and highlights how banks from resource-rich nations such as Australia, Brazil and Canada are expanding in commodities at the expense of traditionally dominant U.S. and European lenders.

Macquarie, which faces less regulation in the U.S. than its Wall Street rivals, has become dominant in natural resources and ranks second in natural gas trading in North America as other banks cut back. Its revenues from the commodities have grown fourfold in a decade, and in a presentation this month, the company...


Read full article on News GN Commodities


Read more: Goldman's Woes Hand Commodities Crown to Australia's Macquarie - Bloomberg

Goldman's Woes Hand Commodities Crown to Australia's Macquarie - Bloomberg

Macquarie Group Ltd., the Australian bank better known for infrastructure investing like highways and airports, is emerging as the largest bank in commodities, ousting Goldman Sachs Group Inc. from a position the Wall Street bank enjoyed for almost three decades.

The shift comes as Goldman Sachs suffers its worst performance in commodities since its initial public offering in 1999 and highlights how banks from resource-rich nations such as Australia, Brazil and Canada are expanding in commodities at the expense of traditionally dominant U.S. and European lenders.

Macquarie, which faces less regulation in the U.S. than its Wall Street rivals, has become dominant in natural resources and ranks second in natural gas trading in North America as other banks cut back. Its revenues from the commodities have grown fourfold in a decade, and in a presentation this month, the company...


Read full article on News GN Commodities


Read more: Goldman's Woes Hand Commodities Crown to Australia's Macquarie - Bloomberg

Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions

Investing.com - Gold prices regained some ground on Friday, pulling away from the previous session's more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets.

Comex were up $6.81 or about 0.53% at $1,301.69 a troy ounce by 03:00 a.m. ET (07:00 GMT).

Market sentiment weakened after that Pyongyang will consider the "highest level of hard-line countermeasure in history" against the U.S. in response to President Donald Trump's threat to destroy the country.

Shortly after, North Korea's Foreign Minister Ri Yong Ho said his country could conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale.

In his first speech before the United Nations General Assembly on Tuesday, Trump said "the United States has great strength and patience, but if it...


Read full article on News GN Commodities


Read more: Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions

Investing.com - Gold prices regained some ground on Friday, pulling away from the previous session's more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets.

Comex were up $6.81 or about 0.53% at $1,301.69 a troy ounce by 03:00 a.m. ET (07:00 GMT).

Market sentiment weakened after that Pyongyang will consider the "highest level of hard-line countermeasure in history" against the U.S. in response to President Donald Trump's threat to destroy the country.

Shortly after, North Korea's Foreign Minister Ri Yong Ho said his country could conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale.

In his first speech before the United Nations General Assembly on Tuesday, Trump said "the United States has great strength and patience, but if it...


Read full article on News GN Commodities


Read more: Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

Commodities - Gold Gains In Asia On NKorea Remarks On Nuclear Testing - Investing.com

© Reuters. Gold gains in Asia© Reuters. Gold gains in Asia

Investing.com - Gold prices rose in Asia on Friday as investors they digested an alarming report that North Korea could test a nuclear weapon over the Pacific Ocean with other attention onfixed on a policy speech on Brexit later in the day.

North Korean Foreign Minister Ri Yong Ho said on Friday he believes the North could consider a hydrogen bomb test on the Pacific Ocean of an unprecedented scale, South Korea's Yonhap news agency reported.

Ri was speaking to reporters in New York when he was asked what North Korean leader Kim Jong Un had meant when he threatened in an earlier statement the "highest level of hard-line countermeasure in history" against the United States. North Korea could consider a hydrogen bomb test, Ri said, although he did not know Kim's exact thoughts, Yonhap reported.

for December delivery on the Comex division of the New York...


Read full article on News GN Commodities


Read more: Commodities - Gold Gains In Asia On NKorea Remarks On Nuclear Testing - Investing.com

Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

By Swati Pandey

SYDNEY, Sept 22 (Reuters) - The Australian dollar extended losses to touch a 3-week trough on Friday, hurt by falling metals and iron ore prices, while its New Zealand cousin drifted further away from the 1-1/2 month peak touched earlier this week.

The Australian dollar went as low as $0.7908, a level not seen since Aug.31. For the week, it has fallen 1 percent and was on track for its worst weekly showing since early July.

The losses were led by a 1.2 percent drop on Thursday, the Aussie's biggest one-day decline in 4-1/2 months, following comments from the country's central bank governor that were less hawkish than some had anticipated. Investors were pricing in a rate hike in Australia as early as mid-2018 after some major central banks moved to dial down stimulus in recent weeks. But Governor Philip Lowe wrongfooted hawks by saying the Reserve Bank of Australia...


Read full article on News GN Commodities


Read more: Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

Commodities - Gold Gains In Asia On NKorea Remarks On Nuclear Testing - Investing.com

© Reuters. Gold gains in Asia© Reuters. Gold gains in Asia

Investing.com - Gold prices rose in Asia on Friday as investors they digested an alarming report that North Korea could test a nuclear weapon over the Pacific Ocean with other attention onfixed on a policy speech on Brexit later in the day.

North Korean Foreign Minister Ri Yong Ho said on Friday he believes the North could consider a hydrogen bomb test on the Pacific Ocean of an unprecedented scale, South Korea's Yonhap news agency reported.

Ri was speaking to reporters in New York when he was asked what North Korean leader Kim Jong Un had meant when he threatened in an earlier statement the "highest level of hard-line countermeasure in history" against the United States. North Korea could consider a hydrogen bomb test, Ri said, although he did not know Kim's exact thoughts, Yonhap reported.

for December delivery on the Comex division of the New York...


Read full article on News GN Commodities


Read more: Commodities - Gold Gains In Asia On NKorea Remarks On Nuclear Testing - Investing.com

Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions

Investing.com - Gold prices regained some ground on Friday, pulling away from the previous session's more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets.

Comex were up $6.81 or about 0.53% at $1,301.69 a troy ounce by 03:00 a.m. ET (07:00 GMT).

Market sentiment weakened after that Pyongyang will consider the "highest level of hard-line countermeasure in history" against the U.S. in response to President Donald Trump's threat to destroy the country.

Shortly after, North Korea's Foreign Minister Ri Yong Ho said his country could conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale.

In his first speech before the United Nations General Assembly on Tuesday, Trump said "the United States has great strength and patience, but if it...


Read full article on News GN Commodities


Read more: Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

By Swati Pandey

SYDNEY, Sept 22 (Reuters) - The Australian dollar extended losses to touch a 3-week trough on Friday, hurt by falling metals and iron ore prices, while its New Zealand cousin drifted further away from the 1-1/2 month peak touched earlier this week.

The Australian dollar went as low as $0.7908, a level not seen since Aug.31. For the week, it has fallen 1 percent and was on track for its worst weekly showing since early July.

The losses were led by a 1.2 percent drop on Thursday, the Aussie's biggest one-day decline in 4-1/2 months, following comments from the country's central bank governor that were less hawkish than some had anticipated. Investors were pricing in a rate hike in Australia as early as mid-2018 after some major central banks moved to dial down stimulus in recent weeks. But Governor Philip Lowe wrongfooted hawks by saying the Reserve Bank of Australia...


Read full article on News GN Commodities


Read more: Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

By Swati Pandey

SYDNEY, Sept 22 (Reuters) - The Australian dollar extended losses to touch a 3-week trough on Friday, hurt by falling metals and iron ore prices, while its New Zealand cousin drifted further away from the 1-1/2 month peak touched earlier this week.

The Australian dollar went as low as $0.7908, a level not seen since Aug.31. For the week, it has fallen 1 percent and was on track for its worst weekly showing since early July.

The losses were led by a 1.2 percent drop on Thursday, the Aussie's biggest one-day decline in 4-1/2 months, following comments from the country's central bank governor that were less hawkish than some had anticipated. Investors were pricing in a rate hike in Australia as early as mid-2018 after some major central banks moved to dial down stimulus in recent weeks. But Governor Philip Lowe wrongfooted hawks by saying the Reserve Bank of Australia...


Read full article on News GN Commodities


Read more: Australian dlr at 3-week lows as commodities spiral down; NZ$ cautious - Kitco News

Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions

Investing.com - Gold prices regained some ground on Friday, pulling away from the previous session's more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets.

Comex were up $6.81 or about 0.53% at $1,301.69 a troy ounce by 03:00 a.m. ET (07:00 GMT).

Market sentiment weakened after that Pyongyang will consider the "highest level of hard-line countermeasure in history" against the U.S. in response to President Donald Trump's threat to destroy the country.

Shortly after, North Korea's Foreign Minister Ri Yong Ho said his country could conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale.

In his first speech before the United Nations General Assembly on Tuesday, Trump said "the United States has great strength and patience, but if it...


Read full article on News GN Commodities


Read more: Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions© Reuters. Gold moves back higher as sentiment weakens amid geopolitical tensions

Investing.com - Gold prices regained some ground on Friday, pulling away from the previous session's more than three-week lows as threats from North Korea encouraged investors to flock to safe-haven assets.

Comex were up $6.81 or about 0.53% at $1,301.69 a troy ounce by 03:00 a.m. ET (07:00 GMT).

Market sentiment weakened after that Pyongyang will consider the "highest level of hard-line countermeasure in history" against the U.S. in response to President Donald Trump's threat to destroy the country.

Shortly after, North Korea's Foreign Minister Ri Yong Ho said his country could conduct a hydrogen bomb test in the Pacific Ocean of an unprecedented scale.

In his first speech before the United Nations General Assembly on Tuesday, Trump said "the United States has great strength and patience, but if it...


Read full article on News GN Commodities


Read more: Commodities - Gold Prices Regain Ground on North Korean Threats - Investing.com

Precious Metals and Commodities Weekly (Video) - MarketPulse - MarketPulse (blog)

[embedded content]

Our weekly walk through of precious metals, energy and soft commodities using a combination of commentary and technical analysis.

This week we assess the markets post the overnight FOMC which was surprisingly upbeat, causing a U.S. dollar rally.

We will also see why the rain in Argentina is causing mischief in the corn and wheat markets.

Gold 0:00:00, Silver 00:04:30, Platinum 00:06:20, Palladium 00:08:20, Copper 00:10:55, Natural Gas 00:12:40, Brent 00:13:55, WTI 00:17:20, Sugar 00:19:40, Corn 00:21:00, Soybeans 00:22:30, Wheat 00:24:15

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of...


Read full article on News GN Commodities


Read more: Precious Metals and Commodities Weekly (Video) - MarketPulse - MarketPulse (blog)

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