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Copper prices edged higher on the London Metal Exchange during Friday trading, supported by a weaker...
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2025-05-09
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Natural gas futures rose during the European session on Friday. According to the New York Mercant...
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2025-05-09
The U.S. dollar edged slightly lower on Friday but remained on track for weekly gains as trade tensi...
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2025-05-09
Gold prices rose on Friday as investors rushed to buy the precious metal following a decline earlier...
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2025-05-09
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The European Union is planning to impose additional tariffs on U.S. exports worth €95 billion ($108...
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2025-05-08
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According to Alexander Novak, Russia’s Deputy Prime Minister, the country is preparing to increase i...
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2025-05-08
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Copper prices edged higher on the London Metal Exchange during Friday trading, supported by a weaker dollar and declining inventories in China, as investors monitored an upcoming meeting between U.S. and Chinese trade representatives in Switzerland scheduled for Saturday. The most actively traded copper futures on the London Metal Exchange rose by 0.18% to $9,448.5 per ton as of 1:45 p.m. Mecca time. The U.S. Dollar Index—which measures the greenback’s performance against six major currencies—fell by 0.25% to 100.4 points. At a press conference yesterday announcing a trade agreement with the United Kingdom, U.S. President Donald Trump said he expects substantial negotiations with China over the weekend, anticipating a reduction in the 145% tariffs currently imposed on Beijing. Copper inventories at Shanghai Futures Exchange-approved warehouses have dropped by 10% since the end of April, reaching 80,705 tons—a 70% decline since the end of February, according to Reuters. Among other metals, aluminum futures rose by 0.6% to $2,427 per ton, zinc gained 0.45% to $2,647 per ton, and nickel climbed 0.9% to $15,715 per ton
2025-05-09
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Natural gas futures rose during the European session on Friday. According to the New York Mercantile Exchange, natural gas futures for June delivery were trading at USD 3.64 per million British thermal units at the time of writing, up 1.48%. Earlier in the session, it traded at a high of USD 3.66 per million British thermal units. Natural gas may find support at USD 3.423 and resistance at USD 3.747
2025-05-09
The U.S. dollar edged slightly lower on Friday but remained on track for weekly gains as trade tensions eased and the Federal Reserve signaled it is in no rush to cut interest rates. As of 11:30 a.m. Saudi time, the Dollar Index—which measures the greenback against a basket of six major currencies—was down 0.2% at 100.275, but it is still on course for a weekly gain of around 0.4%
2025-05-09
Gold prices rose on Friday as investors rushed to buy the precious metal following a decline earlier in the session, while markets shifted their focus to U.S.-China trade talks scheduled for this week. Spot gold had earlier fallen to a session low of $3,274.38 after U.S. President Donald Trump announced a trade agreement with the United Kingdom on Thursday
2025-05-09
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The European Union is planning to impose additional tariffs on U.S. exports worth €95 billion ($108 billion) if ongoing trade talks with President Donald Trump fail to yield a satisfactory outcome. The retaliatory measures would target industrial goods, including Boeing aircraft and American cars. However, European Commission President Ursula von der Leyen stated that the EU remains fully committed to reaching a negotiated outcome with the United States. The proposal is scheduled to undergo consultations with member states and other relevant stakeholders until June 10 and may be modified before being finalized. In her statement, Ursula added: "We believe that good deals can be reached for the benefit of consumers and businesses, but we continue to prepare for all scenarios
2025-05-08
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According to Alexander Novak, Russia’s Deputy Prime Minister, the country is preparing to increase its supplies of oil, gas, and liquefied natural gas (LNG) to China in 2025. This statement was reported by the state news agency RIA on Thursday. Novak, who oversees Russia's energy sector, did not provide specific figures for the planned increase. However, the announcement signals a strengthening of energy ties between Russia and China. The increased supplies are expected to meet China’s growing energy demand, driven by the country’s rapid economic development
2025-05-08
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