Commodities
European gas prices steady near one-week lows amid Strait of Hormuz talks
Dutch front-month contract holds at €65.61/MWh as diplomatic progress in the Persian Gulf offsets storage deficits ahead of winter. British wholesale gas futures trade at 160.50p/therm.
Sydney property slump deepens as prices fall 7% from peak
Australia's housing market downturn spreads nationwide after tax changes and higher borrowing costs trigger a 20% drop in mortgage applications. Sydney's prices decline for fifth straight month.
Global bond rout deepens as oil prices surge past $92; UK 30-year gilt yields hit 28-year high
Long-term UK borrowing costs rise to levels last seen in 1998 as oil climbs above $92 a barrel, while eurozone inflation hits a three-year high. Global bond markets extend sell-off amid inflation and fiscal concerns.
Gold falls to two-week low on hawkish Fed bets, geopolitical risks
Gold traded near $4,460 per ounce as rising oil prices and hawkish signals from the U.S. Federal Reserve intensified rate-hike expectations. Geopolitical tensions in the Strait of Hormuz added further pressure.
Dollar rebound, Treasury yields pressure gold into bear pennant
The U.S. dollar’s recovery, led by higher front-end yields after a hawkish speech, has pushed gold into a narrowing bearish pattern. Technical indicators warn of further downside unless resistance holds.
OPEC+ Is Losing Its Grip: Why the Cartel’s Decline Redefines the Oil Market
China’s pullback and the Iran conflict are chipping away at OPEC+’s market share, ushering a more volatile, market‑driven oil regime that will echo across commodities.
Andfjord Salmon posts NOK 51.3m Q2 2026 revenue as biomass nears 2,000 tonnes
Norwegian salmon farmer reports first commercial post-smolt sale revenue while scaling up production at Kvalnes facility. Operating loss narrows to NOK 21.6m despite continued investment phase.
Harmony Gold posts record earnings, HEPS up 87% on copper growth
South African miner reports FY26 net profit of R29.5 billion, with headline earnings per share jumping 87% as CSA copper mine integration drives revenue to R99.2 billion.
Flash flood in Nepal, China leaves nearly 1,500 missing, 362 dead
Rescue operations continue after a glacial collapse triggered a flash flood in Nepal and China, with authorities warning of further risks from rising water volumes. Nearly 1,000 remain missing, including over 500 foreigners.
OPEC+ loses oil market sway as Iran war shifts balance to China
OPEC+'s share of global oil output has fallen below 40% amid war-related disruptions, while China's reduced imports and logistical constraints erode the cartel's influence. Brent crude holds near $88.
Empire Metals posts wider H1 loss as Pitfield spending rises
UK titanium explorer Empire Metals reported a deeper first-half loss as project costs rose, despite raising £8 million and selling a mining lease. The company advanced metallurgical testing at its Pitfield deposit.
Global green coffee exports rise 0.8% in June, ICO reports
June shipments reached 10.48 million 60-kg bags, driven by a rebound in Brazil naturals Arabica after 15 months of declines. Robusta exports fell 2.1%.
Oil prices ease on progress in Strait of Hormuz talks
Brent crude and U.S. WTI dip as diplomatic efforts in the Gulf reduce supply disruption risks, while traders assess demand signals.
Canada drops seafood from list of U.S. retaliatory tariffs
Ottawa removes seafood and fish products from counter-tariff schedule after industry feedback, while matching new U.S. duties dollar-for-dollar. Measures take effect September 8.
Wheat hits daily limit on Black Sea export concerns after Russia-Ukraine strikes
Chicago wheat futures surged 45 cents to $7.4825 per bushel, triggering limit-up moves as missile strikes on Ukraine raised fears over Black Sea grain exports. Corn and soybeans also hit multi-year highs.
Hochschild Mining H1 profit jumps 243%, lifts 2026 cost guidance
Revenue surged 62% to $844.4 million as gold prices climbed, while adjusted EBITDA more than doubled to $491.5 million. The miner raised its 2026 all-in sustaining cost target to $2,380-$2,500 per ounce amid inflation and stronger local currencies.
Hochschild Mining posts 62% revenue rise in H1, lifts dividend
Revenue jumped to $844.4 million in the first half of 2026, while adjusted EBITDA more than doubled to $491.5 million. The miner declared an interim dividend of 4 cents per share.
UK energy bills to rise 4% in October as wholesale costs climb
Standard variable tariffs for electricity and gas will increase by 4% from October 1, 2026, under the UK energy price cap adjustment. Regulator Ofgem sets the cap every three months.
UK energy price cap to rise 4% for households from October
Default tariff customers in England, Scotland and Wales face higher electricity and gas costs under the new quarterly price cap, with VAT removed from power bills through March 2027.
Shuka Minerals finds 70% zinc grade in Zambia drilling results
Drilling at Kabwe mine reveals high-grade zinc intervals, including a 18.4-meter zone at 7.45% zinc and a peak 69.6% zinc reading. Resource estimates updated following Behre Dolbear’s 2023 NI 43-101 report.
Asian gold miners rise as bullion nears record, valuations expand
Zhaojin Mining, Chifeng Jilong Gold and Genesis Minerals among companies outperforming as gold prices gain 15.5% in a month. Zijin Mining remains Asia’s largest gold miner by market cap.
Arabica coffee falls 4% from six-week high on supply, weather concerns
Arabica coffee prices retreated to a two-week low after Tuesday's surge as harvest progress in Brazil and EU sugar production outlook weighed on the market.
UK energy price cap rises 4% to £1,723 as gas costs surge
Average annual household bills increase by £60 from October, driven by higher wholesale gas prices tied to Middle East tensions. VAT removal on electricity limits broader impact.
Trump signs order to ease beef prices via expanded imports
Proclamation cuts tariffs on 300,000 metric tons of lean beef trimmings for 90 days starting Sept. 1. U.S. farm groups warn move could harm domestic ranchers.