Energy & Commodities

Metals traders lose at least one billion yuan as ‘Hat’ flees China

Chinese metals markets have seen more than their fair share of scandal in recent years

A stronger US dollar makes greenback-priced gold less affordable for holders of other currencies.

Gold falls 1.5% on firm US dollar, silver recovers from over three-week low

Non-yielding bullion tends to perform better in low-interest-rate environments

Brent crude futures were down US$2, or 2.9 per cent, to US$67.28 per barrel at 0100 GMT on Monday.

Oil prices fall by 3% on US-Iran de-escalation

[TOKYO] Oil prices fell 3 per cent on Monday as US President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an Opec member after risks o...

Gold’s rally has been building for a number of years, as central banks expanded their holdings as an alternative to the US dollar.

Chinese speculators set the stage for gold and silver crash

Metals traders in Europe and the US have been working around the clock, unwilling to miss the Asian trading day

MoneyMax will share its second-half and full-year financial statements on Mar 1.

MoneyMax expects ‘significant improvement’ in H2 net profit

It also expects a similar improvement in the full-year net profit

The meeting of eight Opec+ members took place as Brent crude closed near US$70 a barrel on Friday, close to the six-month high of US$71.89 it hit on Thursday.

Opec+ agrees to keep oil output unchanged as Iran tensions boost prices

They will raise production quotas by about 2.9 million barrels per day from April till December 2025, roughly 3% of global demand.

The US is set to import the most Venezuelan oil in a year after the Trump administration moved to control the country’s energy supply.

Trump welcomes China, India investment in Venezuela oil

Venezuela will allow greater ownership for foreign oil companies

Chevron is currently the only major US producer that still operates in Venezuela.

ExxonMobil, Chevron clock best month since 2022 as crude surges

The robust moves come alongside an upswing in oil prices and a broader rally

The greenback’s rally undercut sentiment among investors who had been piling into metals after the US president signalled a willingness to let the currency weaken.

Gold and silver plunge as wild swings rock metals markets

Bullion’s slide may have been accelerated by a so-called gamma squeeze

Washington has the right to appeal the decision, but no final ruling would ensue since the WTO’s top appeals court is paralysed.

WTO panel backs China in case against US clean energy subsidies

The panel’s report recommended the United States withdraw the measures under the Inflation Reduction Act by Oct 1, 2026