Commodity futures
The gold futures contract on Bursa Malaysia Derivatives is expected to trade higher next week following the United States Federal Reserve chair Jerome Powell's signal of a possible interest rate cut in September. Powell's statement at the Jackson Hole Economic Policy Symposium hinted at a rate
Commodity futures
Ventura Securities, a leading brokerage firm, has predicted that gold prices could climb to USD 3,600 per ounce by the end of December 2022, driven by global economic headwinds, geopolitical risks, and robust investment demand. This forecast is based on the firm's latest outlook, which highlights the
Commodity futures
Analysts are claiming that gold equities are still undervalued despite the recent sector momentum, with gold miners having earned double the profits of 2011. This year, the Sprott Gold Miners ETF (SGDM) has seen a significant increase of over 70%, confirming the yellow metal's momentum with more upside
Commodity futures
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) is making significant progress in its goal to become Tanzania's next gold producer. The company has advanced the construction of a 120 tonne-per-day carbon-in-pulp (CIP) circuit at its Nyati Resources' processing plant, with commissioning expected to begin within the next
Tariffs
The United States and China have extended their pause on higher tariffs, easing concerns about the impact of their trade war on oil consumption. As a result, oil prices have remained relatively stable, with Brent crude futures trading at $66.61 a barrel and US West Texas Intermediate crude futures
Tariffs
The US and China have agreed to extend their tariff deadline by 90 days, a move that has been welcomed by financial markets, particularly in Japan and Australia, which have seen significant gains following the announcement. The extension, which prevents the imposition of higher tariffs on China until November 10,
Tariffs
The Malaysian rubber market rallied on Tuesday, buoyed by stable benchmark crude oil prices and the extension of the US-China tariff truce by 90 days. This move eased trade tensions and lifted investor sentiment across the region. Despite some mixed trends in regional rubber futures markets and a slightly stronger
Tariffs
The price of gold has stabilised following a tumultuous week, sparked by concerns over US tariffs on bullion exports. US President Donald Trump's announcement that gold would not be tariffed has alleviated investor uncertainty, causing futures to drop 2.4% to $3,407 per ounce. The decision has
Tariffs
U.S. tariffs are sending shockwaves through the global economy, affecting everything from Canadian exports to American oranges. As President Donald Trump meets with Vladimir Putin to discuss the war in Ukraine and trade deadlines with China, analysts are warning of potential spillover effects on the Canadian economy. Meanwhile, the
Commodity futures
The gold futures contract on Bursa Malaysia Derivatives experienced a rise on Thursday, driven by increased demand from investors seeking refuge in the precious metal. This surge was partly attributed to China's central bank increasing its gold holdings by 60,000 troy ounces in July, bringing the total
Commodity futures
Market hopes surrounding a US-EU trade deal and positive corporate results from Reckitt Benckiser, ITV, and Howden Joinery lifted London's indices to new record highs. Meanwhile, Endeavour Mining and Fresnillo saw selling pressure as gold prices declined, and Vesuvius shares fell due to challenging market conditions in Europe
Commodity futures
Gold futures on Bursa Malaysia Derivatives are likely to continue their upward trend, despite a stable range of US$3,320 to US$3,380, according to Stephen Innes, managing partner of SPI Asset Management. He cites continuous central bank accumulation, geopolitical overhangs, and the fear of systemic debt stress
