Commodity

Gold prices advanced on Monday morning, as a potential U.S.-Iran peace deal has dampened inflation fears and weakened the U.S. dollar. Spot gold prices gained 1.2% to around $4,560 per ounce at 4:09 a.m. ET. Higher bullion prices could boost gold-backed ETFs, such as SPDR Gold Shares (NYSE:GLD),...

Copper futures climbed to a record high above $6.60 a pound early Wednesday as supply disruptions, tightening inventories and booming AI-related infrastructure demand fueled a rally in the metal and the United States Copper Index Fund (NYSE:CPER). The ETF, which tracks the copper futures contracts...

On Tuesday, U.S. drivers faced the steepest pump prices in about four years as the Iran conflict and stalled diplomacy kept crude markets tight. The average cost of a gallon of gasoline hit $4.23, a level not seen since April 2022, according to AAA. Pump prices are up more than 40% since the...

Gold climbed on Thursday, driven by hopes of a potential U.S.-Iran deal that resulted in lower yields and a weaker dollar, both of which bolstered the demand for the yellow metal. At 7.04 AM ET, gold futures (June) were up 0.4% at $4,841, after losing about 3.8% over the past month. Meanwhile, spot...

Equinox Gold's (AMEX:EQX) $1.8 billion acquisition of Calibre Mining (OTC:CXBMF) has hit a hurdle. A top shareholder in both companies publicly opposed the plan, citing synergy concerns. "We are not supportive of this transaction. We don't see any synergies between any of the companies' operations...

Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), stated that Bitcoin (CRYPTO: BTC) stands as the only cryptocurrency he would deem a commodity, considering others to be a security. What Happened: In an interview with CNBC on June 27, Gensler provided his insights on...

The bullish case for Pilgrim's Pride Corporation (NASDAQ: PPC) is based on a combination of internal initiatives and external tailwinds, according to BMO. The Analyst BMO Capital Markets analyst Kenneth Zaslow upgraded Pilgrim's Pride from Market Perform to Outperform with a price target...

Enable Midstream Partners LP (NYSE: ENBL), an owner, operator and developer of natural gas and crude oil infrastructure assets, is "reasonably valued" due to continued headwinds, according to BMO Capital Markets.  The Analyst Danilo Juvane initiated coverage of Enable...

According to a report by Bloomberg, commodity-related revenue at the largest banks, including Goldman Sachs Group Inc (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM) and others, have plunged by a combined 40 percent year-over-year in the first three months of 2016. Bloomberg cited data from...

Markets took a beating on Wednesday. This week, NYMEX Light Sweet Crude Oil futures fell below the $30 level and commodity-exposed names have been the wet dog in January. At the cash close for oil futures at 2:30 p.m. ET on Wednesday, there was a massive sell program running various stocks....

While investors and traders were focused on many of the tech and social media stocks that plunged on Monday, the MLP sector may have drifted under the radar. Speaking to Benzinga, Dan Willard of Pointe Capital Management stated that Monday was a "tough" day for MLPs with the index...

The Jefferies Global Commodity Equity Index ETF (NYSE: CRBQ) has had quite a run up to celebrate its one year anniversary in late September. This was the first global commodity equity ETF on the market, and it through its first year being traded it has been met with little fanfare. Average daily...