Edition:
United Kingdom

Swati Verma

China sees brisk festive purchases; Indian demand tame

17 Jan 2020

BENGALURU/MUMBAI Physical gold purchases gathered steam ahead of the Lunar New Year celebrations in China and Singapore, while demand in India dwindled this week, encouraging retailers to offer more discounts.

Asia Gold-China sees brisk festive purchases; Indian demand tame

17 Jan 2020

* Indian buyers delay purchases on hopes of further price falls

RPT-POLL-Oil analysts bet on modest price gains in 2020 as supply shrinks

02 Jan 2020

Dec 31 Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.

Golden year for precious metals as 2019 sees glistening run

31 Dec 2019

Gold prices are set for their strongest annual increase since 2010, as worries over global economic health triggered a surge of interest in precious metals, while palladium soared more than 50% to record highs thanks to supply shortages.

Golden year for precious metals as 2019 sees glistening run

31 Dec 2019

* Graphic: https://fingfx.thomsonreuters.com/gfx/editorcharts/GLOBAL%20PRECIOUS/0H001QXSMB5Q/index.html

Oil analysts bet on modest price gains in 2020 as supply shrinks- Reuters Poll

31 Dec 2019

Oil prices are likely to hover around $63 a barrel next year, a Reuters poll showed on Tuesday, benefiting from deeper production cuts by OPEC and its allies, and hopes that a U.S.-China trade deal could jumpstart economic growth.

India's November oil import growth fastest in seven months - government data

24 Dec 2019

India's oil imports in November grew at their fastest pace in seven months, while diesel exports soared the most in about 2 years, indicating higher refinery runs amid falling local demand for gasoil due to a slowing economy.

India cuts 2019/20 fuel demand estimates, growth seen at six-year low

19 Dec 2019

India's fuel demand is expected to rise 1.3% in 2019-20, its slowest pace in six years, with the petroleum ministry on Thursday revising down its initial projections amid a broader economic slowdown.

PRECIOUS-Gold dips on stronger dollar, palladium pulls back from high

18 Dec 2019

(Updates prices, adds comments) * Gold set for biggest annual gain since 2010 * Markets eye U.S. President Trump's impeachment vote * GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl By Swati Verma Dec 18 Gold eased on Wednesday as a rising dollar offset support for the safe haven metal from lingering U.S.-China trade uncertainty, while palladium slipped after a record run to the key $2,000 an ounce level. Spot gold was 0.3% lower at $1,471.96 per ounce by 1410 GMT, reversing gains from earlier in the session. U.S. gold futures were down 0.3% at $1,476. "The dollar is a little bit stronger,” said Afshin Nabavi, senior vice president at precious metals trader MKS SA, adding, that due to a lack of follow-through on the upside, investors had started modestly selling gold. A break of the $1,465-$1,495 range could attract fresh interest, Nabavi added. The dollar strengthened as U.S. economic data suggested the Federal Reserve was unlikely to cut interest rates further and as liquidity waned before the coming holidays. World stocks also remained just off record highs. Gold, often used as a hedge against political and economic uncertainties, is however on track for its biggest annual gain since 2010, bolstered by interest rate cuts by major central banks and the protracted tariff dispute. U.S. Trade Representative Robert Lighthizer said on Tuesday details of Chinese purchases under the phase one deal would be detailed in writing, but did not say when the written agreement would be released. "This is only phase one (of the trade deal) and there are still open questions as to what will happen next year with IT protection and all the other major issues still to be addressed," said Mitsubishi analyst Jonathan Butler. Also on investors' radar is a U.S. House of Representatives' vote on whether to impeach President Donald Trump later in the day. Palladium dipped 1% to $1,935.38 per ounce. The autocatalyst metal hit a record high of $1,998.43 in the previous session, driven by a sustained shortfall and worsened by recent mine closures in major producer South Africa. "The market set their sights on the key target. Once we did that, we definitely did see some profit-taking - that's the reason we saw that price inflection," said ING analyst Warren Patterson. Silver fell 0.6% to $16.90 per ounce, while platinum was down 0.2% at $925.37. (Reporting by Swati Verma and Eileen Soreng in Bengaluru; Editing by Edmund Blair, Kirsten Donovan)

Gold treads water as investors assess U.S.-China trade developments

28 Nov 2019

Gold traded in a narrow $5 range on Thursday as investors gauged the impact of U.S. backing of Hong Kong protesters on its trade negotiations with China, while palladium scaled a record peak on a sustained supply crunch.

World News