Commodities
London Gas Oil tops $1,300 as technicals flash overbought signals
London Gas Oil futures surged past $1,300, with the contract 8.5% above its 20-period moving average and RSI at 73.46, while traders eye key resistance at $1,328.
WTI crude nears $87.69 resistance as technicals signal mixed signals
U.S. benchmark oil hovers near key resistance after a recent advance, while technical indicators suggest caution amid weak trend strength and overbought conditions.
Gold dips from three-month high as oil, rate cut bets ease
Spot gold fell 0.7% to $4,624.97 an ounce after a three-week rally, while oil slipped below $90 a barrel amid Middle East de-escalation talks. Fed policy expectations remain the key driver.
Gold slips from three-month peak as oil, yields retreat
Gold prices eased 1.4% after hitting a three-month high, while U.S. Treasury yields and oil also declined. Fed Chair Warsh's Jackson Hole remarks and geopolitical tensions added to market focus.
Brazil to tap U.S. beef quota as China tariffs pressure exports
Temporary U.S. import quota expansion of 300,000 tons aims to offset Chinese tariffs and China quota exhaustion for Brazilian beef exporters.
Oil prices fall as Iran-Oman talks revive Strait of Hormuz concerns
Brent crude and WTI decline after Iran and Oman resume talks on a temporary shipping route amid U.S. sanctions and regional tensions. Analysts warn of persistent geopolitical risk premium.
Perseus Mining posts 24% cash flow rise on higher gold prices
Gold miner reports $666 million in operating cash flow for FY26, driven by a 54% jump in cash flow per ounce sold. Production fell 23% as mines transitioned, but reserves rose 40%.
Perseus Mining posts 24% rise in H2 2026 cash flow, lifts dividend 87%
Gold miner reports $666 million operating cash flow, $1.5 billion revenue and record shareholder returns as production hits 405,000 ounces. FY2027 guidance targets 420,000-480,000 ounces.
U.S. oil prices fall 1.7% as Strait of Hormuz talks revive supply hopes
WTI crude drops to $80.99 after Iran and Oman resume talks on reopening the key shipping route. Losses extend a 3.1% decline from Tuesday.
Iran, Oman discuss Hormuz corridor amid U.S. standoff
Tehran and Muscat explore temporary navigation route in Strait of Hormuz while Washington warns of penalties for Iran-linked trade. Tanker struck near Oman, U.S. cites assassination plot against Barron Trump.
Liontown posts maiden profit on record lithium revenue, shares rise
Liontown Resources reported a first underlying profit of AUD 14 million for FY 2026 as revenue surged 113% to AUD 639 million, driven by higher spodumene prices and expanded production from its Kathleen Valley mine.
Gold steadies near $4,465 after sharp selloff as Fed hike bets rise
Gold prices recovered slightly after a 3.2% drop on Friday, while silver and platinum advanced. Fed Chair Kevin Warsh’s hawkish remarks revived expectations for a September rate hike.
Liontown Resources posts first annual profit on lithium rebound
Australian miner Liontown Resources swung to a A$93 million net profit after lithium prices surged in H2, with revenue nearly doubling to a record A$639 million.
Asian stocks fall as oil prices rise and yields remain elevated
Regional equities decline as Brent crude approaches $90 a barrel and U.S. Treasury yields stay near recent peaks. Investors weigh Fed policy signals ahead of key data releases.
Oil prices fall as war premium unwinds faster than supply recovers
WTI and Brent drop for a third straight session as diplomatic signals reduce Middle East supply risks. U.S. inventory builds and softer-than-expected sanctions add to bearish momentum.
Swiss diesel prices stay high despite falling Brent crude
Diesel at Swiss pumps holds near 2.20-2.30 francs/litre even as Brent crude dips 7% to $87/bbl. Global refining shortages, Russian export ban and record-low U.S. distillate stocks keep costs elevated.
AngloGold Ashanti resumes full gold concentrate processing in Brazil
Company reactivates second plant at Queiroz Complex with R$105 million investment, restoring 280,000 tons annual capacity after 2022 shutdown.
Oil, U.S. yields drop as global markets stabilize
Brent crude slid below $90 a barrel while U.S. Treasury yields fell up to 8 bps. European stocks rose as economic data improved, while gold hit a three-month high.
Trump bans foreign bulk-power equipment from U.S. grid on security grounds
Executive order targets foreign-made equipment in electricity infrastructure, citing national security risks. Energy Secretary to set operating conditions for existing systems.
Iran, Oman near temporary Strait of Hormuz corridor deal as U.S. impasse persists
Tehran and Muscat have held about a month of talks on a temporary shipping corridor through the Strait of Hormuz, with Iran linking any opening to U.S. sanctions relief and an end to blockade conditions.
Euronext wheat jumps to one-month high on Black Sea export disruption fears
Benchmark Euronext wheat futures rose 0.6% to €246.75 per metric ton after Bloomberg reported Russia may escalate strikes on Ukraine, threatening Black Sea grain shipments.
U.S. farm, biofuel groups urge Trump to limit expanded refinery waivers
Coalition warns expanded exemptions would slash biofuel demand, pressure RIN prices and hurt corn, soybean markets ahead of end-August decision.
Oil prices fall as Iran sanctions package seen as less severe than expected
Brent and WTI crude drop over 3% after U.S. sanctions announcement fails to target key buyers, while diplomatic signals from Pakistan and Oman suggest potential de-escalation in Iran conflict.
St George to invest R$2 billion in rare earths processing center in Brazil
Australian miner St George secures agreement with local partners to build a rare earths separation and processing facility in Minas Gerais, targeting a 2030 start. The R$2 billion project aims to address Brazil's refining gap and create 500 jobs.