Energy & Commodities

Investors see about a 65% probability of a hike in October

Gold’s problem is no longer simply geopolitics or the Fed. The missing link is oil. When geopolitical tensions push crude higher, gold initially benefits from the flight to safety. However, if higher oil prices begin to lift inflation expectations, Treasury yields and interest-rate expectations can move higher, eventually raising the opportunity cost of holding a non-yielding asset.

The firm is among a growing number of asset managers adjusting how they invest amid climate change

High Court has appointed KPMG restructuring executives to take charge of the business

Mizuho Bank has accused the trader of an alleged fraud linked to iron ore receivables

This is part of a drive by its new leader to make the business more agile

C&C acquisition would add automotive distribution to its growing energy, chemicals and infrastructure platform

Bullion has been dictated by the US Federal Reserve’s rate outlook in recent weeks

The metal has been sensitive to oil swings as investors weigh if elevated energy prices will prompt more rate hikes