Commodity markets
The founder of the biggest gold ETF is still bullish 20 years later
The founder of the first gold-tracking ETF is still bullish on the commodity two decades later. “Things are looking good for the rest of this year and for next year,” George Milling-Stanley told CNBC’s “ETF Edge” this week. The State Street chief gold strategist highlighted demand from both central banks and individual investors in emerging […]
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Trump victory drives gold to near 2-month lows as investors pile into equities, cryptocurrencies
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices extended their decline to a near two-month low Thursday amid risk-on sentiment and as the dollar continues to strengthen following Donald Trump’s election victory […]
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Oil could plunge to $40 in 2025 if OPEC unwinds voluntary production cuts, analysts say
A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil prices may see a drastic fall in the event that oil alliance OPEC+ unwinds its existing output cuts, said market watchers who are predicting a bearish year ahead for crude. “There is more fear about […]
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Top trader Vitol eyeing metals market as global oil demand set to peak in 10 years, CEO signals
Russell Hardy, chief executive officer of Vitol Services Ltd. Bloomberg | Bloomberg | Getty Images SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world’s largest independent energy trader. “The petroleum, the oil business, we still think it will […]
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Oil prices slide more than 4% after Israel’s ‘limited’ attack on Iran seen as not disrupting supplies
View of Iran’s oil industry installations in Mahshahr, Khuzestan province, southern Iran. Kaveh Kazemi | Getty Images Oil prices will remain under pressure for the rest of this year, it may be difficult to see Brent crude oil prices reaching $80 in the foreseeable future. Andy Lipow president at Lipow Oil Associates “The recent Israel […]
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A ‘tidal wave’ of natural gas supply — the biggest yet — will reshape global markets, says RBC Capital
Liquefied natural gas (LNG) storage units. Dan Kitwood | Getty Images News | Getty Images The biggest influx of liquified natural gas (LNG) supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets. “A wave of new LNG supply —the biggest yet— is set […]
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‘New bullish phase’? As gold hits another high, analysts say more records are in sight
Close up stack of gold bars, financial wealth concepts and business Vector Photo Gallery | Istock | Getty Images Gold is in a “new bullish phase” after prices notched another record high, said asset management firm Sprott Asset Management, echoing other analysts who have predicted that the bullion will continue to scale new heights. “Gold […]
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S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas conflict began on Oct. 7 of last year, the oil market has experienced minimal disruptions, with prices remaining under pressure as a result of increased U.S. production and […]
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Japan’s largest rice shortage in years is exacerbated by sushi-hungry tourists, weather
A plate of nigiri sushi. Newsday Llc | Newsday | Getty Images Sushi, onigiri and yakitori don — Japanese rice is a key staple in many of its iconic dishes, but the country is facing its biggest shortfall in decades. Japan has been contending with a rice shortage in recent months due to a mix […]
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Why this top fund manager says the best investment this year is ‘the hedge against political cycles’
ETF Edge Why this top fund manager says the best investment this year is ‘the hedge against political cycles’ Published Sat, Sep 21 202411:00 AM EDT Emily Glass WATCH LIVE Source
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