Oil prices fell on Friday, heading for their first monthly drop since November, as markets watched an Oval Office argument between the U.S. and Ukrainian presidents Washington’s new tariffs and Iraq’s decision to resume oil exports from the Kurdistan region. Brent crude futures settled at $73.18 a barrel, down 86 cents, or 1.16%, while U.S….
Gold prices fell 1% on Friday after the release of US inflation data. The data was expected to indicate that the Federal Reserve will take a cautious approach to further interest rate cuts. Spot gold fell 1% to $2,846.19 an ounce. Silver saw its biggest weekly decline since November, falling 3.1% so far this week….
Cotton candy prices have declined by 0.41% to 53,510 due to increased supply and weak mill buying. Brazil’s cotton production for 2024-25 is expected to rise by 1.6% to 3.7616 million tons, with a 4.8% expansion in planting area. The Cotton Corporation of India (CCI) is expected to procure over 100 lakh bales at the…
Gold prices closed down 0.79% at $85,196 as investors worried about a strong U.S. dollar and key inflation data. Uncertainty over U.S. trade plans also weighed on the market, with the U.S. President considering imposing a 25% “reciprocal” tariff on European automobiles and postponing additional tariffs on imports from Mexico and Canada until April 2….
Palm oil prices are expected to decline as production recovers and demand weakens. In 2024, palm oil futures surged 20% due to supply disruptions in Indonesia and Malaysia. However, inventories are set to rise as buyers shift to cheaper alternatives like soybean and sunflower oils. India’s palm oil imports could drop to a five-year low,…
Gold prices closed up 0.26% at 85,874 as market attention continued on the US President’s tax measures that have fueled fears of a looming trade war. India’s gold imports are expected to fall by a staggering 85% in February from a year earlier, hitting their lowest level in 20 years as a result of ongoing…
Shell’s LNG Outlook 2025 predicts a 60% rise in global demand for liquefied natural gas (LNG) by 2040, driven by Asia’s economic growth, decarbonization in industry and transport, and the impact of artificial intelligence. The forecast predicts global LNG demand to reach between 630 million and 718 million tonnes annually by 2040, a higher forecast…
In response to allegations of unfair trade practices, US President announced on Tuesday that he is considering imposing import tariffs on copper and that US production of the red metal should be restarted. He said that copper is essential to American industries and should be produced domestically. According to Census Bureau data, Chile, Canada and…
Cotton candy prices dropped by 0.4% to ₹54,200, driven by Brazil’s strong supply projections and higher procurement by the Cotton Corporation of India (CCI). Brazil’s 2024-25 cotton production is expected to rise by 1.6%, while CCI is set to procure over 100 lakh bales at the Minimum Support Price, supporting domestic cotton prices. India’s cotton…
Gold prices rose 0.2% to ₹86,184 on a weaker dollar and US trade tensions. Gold’s appeal was further bolstered by US economic data, which pointed to a slowdown in business activity and a decline in consumer confidence. Physical gold consumption in China and India remained weak on the back of record prices, leading to a…
