Investing.com– Gold prices fell further on Wednesday as uncertainty grew before the conclusion of a Federal Reserve meeting and a key Treasury announcement later in the day, while weak economic data from China dented copper prices.  Easing concerns over the Israel-Hamas war also saw traders pricing in a smaller risk…

and West Texas Intermediate (WTI) experienced a surge today, climbing to $85.19 and $81.08 respectively. The rise is attributed to the US Federal Reserve’s decision to maintain high interest rates, a move which could potentially slow down US economic growth and subsequently decrease demand. On the Multi Commodity Exchange (MCX),…

By Fransiska Nangoy JAKARTA (Reuters) -Indonesia aims to cut carbon emissions to 250 million metric tons for its on-grid power sector in 2030 and increase its share of renewable energy generation to 44% under a Just Energy Transition Partnership (JETP), its plan showed on Wednesday. The partnership, a financing scheme…

Oil prices saw a modest increase on Wednesday, in anticipation of important global central bank meetings, including a session by the US Federal Reserve. According to the American Petroleum Institute, US crude oil inventories experienced an increase of 1.3 million barrels last week. Meanwhile, lingered near a three-week low at…

BERLIN (Reuters) – The World Trade Organisation has extended a deadline for China to adopt WTO rules until May 8, 2024 in a case initiated by Japan over anti-dumping measures on stainless steel products, the body said on Wednesday. This follows an agreement between China and Japan on the length…

By Harshit Verma and Polina Devitt LONDON (Reuters) – Analysts and traders have lowered their price forecasts for platinum and palladium in 2024 due to weak auto production and concerns about a global economic slowdown, a Reuters poll showed on Wednesday. The two sister metals are used primarily by automakers,…

Gold prices steadied on Today, with holding at $1,982.84 per ounce and U.S. experiencing a minor decline of 0.2 percent to stand at $1,991.35. The stabilization comes as market participants eagerly anticipate key monetary policy announcements from the Federal Reserve and the Bank of England. The consolidation of gold prices…

By Harshit Verma (Reuters) – Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday. The poll of…

The global coffee market is expected to experience significant shifts in the coming year, according to the World Bank’s Commodity Markets Outlook. The report predicts a decline in Arabica and Robusta coffee prices in 2024 due to increased supply from key producers Brazil, Vietnam, and Colombia. Arabica coffee prices saw…

By Kate Abnett and Valerie Volcovici (Reuters) – The European Union, United States and the United Arab Emirates’ COP28 climate summit hosts are rallying other governments to join a global deal to triple renewable energy this decade at the upcoming summit, documents shared with Reuters showed. The countries are working…