You may see copper referred to as the best commodity to understand the entire global economy. This is a heavily-traded commodity that can add a high degree of diversity to your investment strategy, Take a look at why now might be the time to get involved. Why Is Copper a Valuable Metal? Copper is a hugely versatile metal that is used for many different things. It is a soft and malleable type of material that has an excellent level of thermal and...

Crude oil prices have continued to move lower in the last two days on the renewed fears of coronavirus-led concerns over the global economy. The price action is now threatening to clear the key support at $50. Fundamental analysis: All eyes on OPEC Concerns over the coronavirus outbreak, which may cause a global economic slowdown, have continued to drag the crude oil prices lower. The strong US jobs, which traditionally provided a boost for the o...

Investing in oil can be a smart way of diversifying your portfolio. This is typically regarded as being a fairly volatile and complex type of commodity. Let’s see what you need to know about it in order to understand whether the time is right to pump some money into this commodity. We can get started by looking at how big this market is, and whether it has a good future. A Look at the Global Oil Market The International Energy Agency confir...

Weeks after the Coronavirus outbreak, markets are still gripped with fears, triggered by stalled business operations in China, even as the government fights to contain a virus that has so far claimed more than 500 lives. The dwindling oil demand from China, the second-largest importer of the commodity, has exposed the level of reliance on the market by The Organization of the Petroleum Exporting Countries (OPEC). JBC Energy, a research company, t...

Silver is sometimes considered as being a less attractive commodity than gold. Yet, this precious metal has long been regarded as being a smart investment. Is February 2020 the right time to buy some? Why Is Silver a Popular Commodity? Silver meets all of the criteria to be viewed as a valuable, sought-after commodity. For a start, it is extremely rare. Only around 1.5 million tons of this metal have ever been mined. In fact, it is estimated that...

Chinese investors on Monday returned to a market gripped by fear on the first trading day after the Lunar New Year break. The Coronavirus death toll has risen to at least 361 in China alone as of this morning, Aljazeera confirmed.China, the world’s biggest consumer of raw materials is the most hit, after the virus emanated from one of its industrial cities, Wuhan. As China’s markets reopened today at 9 am local time, the country&rsquo...

Happy Sunday Invezztors. ‘Uncertainty’ has become a common word in a market characterised by constant swings of global commodity prices.  As of Friday, Europe started decently before dropping, Asia was mixed, while the US futures were down.Brexit went down, and the UK is officially on its own, with some expressing concerns over the move. But while the Brexit was a success, it doesn’t end at that. Markets movements are set t...

Crude oil prices are down nearly 16% in January, which is the biggest January slide since 1991 for the “black gold”. The price action is now closing down on the key support around the $50 mark. Fundamental analysis: Coronavirus death toll rises above 200 Crude oil prices keep dropping lower on the fears that the worst is yet to come from coronavirus. Investors are concerned that the global economy will increase the slowdown due to concerns that t...

This month we’ve experienced rallies by several commodities following the phase trade deal between China and the US, boosting investor risk appetite and the equity markets. But since the Coronavirus Outbreak, precious metals have been taking the lead as investors scamper for haven assets such as gold, Iron-ore, Palladium, and Silver.According to Oxford Economics, analytics and forecasting firm: “Iron-ore and gold prices are currently...

China’s coronavirus has continued to spread around Asia and the Middle East as the global economy starts to suffer as well. As a result, investors are pulling out from the high-yielding assets and transferring funds to safe-haven assets, such as gold.  Fundamental analysis: Coronavirus rings alarm bells Gold spot price is currently trading unchanged on the week after the asset gained nearly 1% more in value last week. The spreading of...

Gold is among the few commodities whose prices were soaring as concerns over the Coronavirus Outbreak swept through the markets. As of this morning, the yellow metal was up about 20% higher than last year, as it trades close to $1,600 an ounce. A couple of other precious metals have rallied too, including silver and platinum. Meanwhile, Dow Jones is up 0.66% or 187 points. Investors have been playing around with the idea of gold touching the $2,0...

After a 2% dip on Monday, oil fell on Tuesday morning for the sixth session, extending losses as China continues to battle the Coronavirus that has sent panic through commodities markets. Oil-producing nations have raised the alarm over dwindling demand on crude as most industries in one of the largest consumers of the commodity, China, remain closed.After reaching a three-month low yesterday, Brent crude further fell 0.3% or by 15 cents to settl...

Everyone in the crypto community has heard Bitcoin’s alternative name of ‘digital gold.’ However, it is worth noting that there are nearly 80 other projects that are active right now, that are backed by actual physical gold. More and more crypto projects continue to emerge with claims that their assets are backed by physical gold. According to recent data, there are around 77 active projects backed by gold right now, while aroun...

Oil prices on Monday morning shed a further 2% off the already trimmed prices after it emerged that Coronavirus can spread without showing symptoms, casting doubts on the containment efforts by the affected countries. The drop marks a multi-month low in the wake of a promising start earlier this year following the signing of the China-US trade deal. Reports during the weekend indicated that the virus had claimed over 56 lives and infected at leas...

Dubai Authority on commodities trade and enterprise, the DMCC, has just announced plans to launch Crypto Valley. According to what is known, the Crypto Valley is imagined to become the largest ecosystem in the world for cryptographic and blockchain technology. It will be located in Dubai, UAE, and DMCC plans to launch it in collaboration with its partners — CV VC and CV Labs.The DMCC Crypto Valey is supposedly designed to foster collaborati...

Cryptocurrency company Tether, known for its stablecoin going by the same name — Tether (USDT) — has recently announced plans to launch a new digital currency that would be backed by gold. The new coin, known as Tether Gold (XAUt), supposedly keeps its physical gold stored somewhere in a Swiss vault. With that said, Tether is known for the lack of transparency, which has sparked a number of controversies over the years. Many have theo...

It’s officially an international disaster: Traders globally are in a state of panic following news of a virus that broke out a few days ago in the world’s largest nation, China. Coronavirus has so far claimed 26 lives and left more than 800 others in critical condition.China is a key player as far as commodities trading in concerned, and as it is, foreign investors have been withdrawing their operations following an outbreak of the de...

The Energy Information Administration released the weekly U.S crude oil inventories data on Thursday. As per the report, in the week that ended on January 17th, crude oil refinery inputs in the United States were noted at 16.9 million barrels per day (BPD) on average which was around 116,000 BPD less as compared to the figure for the previous week. The report further highlighted the refineries to have operated at 90.5% of operable capacity in the...

Between a drone attack on Saudi oil facilities, attacks on oil vessels in the Strait of Hormuz, and a tense standoff between the U.S. and Iran, oil prices should have spiked substantially higher, right? Wrong, at least according to Chevron CEO Michael Wirth. ‘Era Of Abundance’ The global oil market has undergone a dramatic shift over the past decade from peak oil concerns to a new “era of abundance,” Wirth told CNBC in an...

Asia’s agricultural commodities trader Olam International is splitting its business into two, commodities and food units, to tap into the ever-evolving consumer market.The company’s restructuring portrays the soaring need for consumer speciality commodities, in the wake of markets characterised by picky consumers. Buyers nowadays want to know the origin of what they consume, and the ingredients, even as the market continues to gravita...

Global commodities dealer Trafigura is set to acquire a 6% ownership stake in London-listed oil and gas firm, President Energy. The London Stock Exchange trading company primarily holds assets in Argentina but is headquartered in the UK. Trafigura closed the deal with the youthful commodities company as part of a plan to reduce President Energy’s debts. Details of the undertaking show Trafigura would part with $4 million in exchange for new...

Oil prices moved higher overnight after two big crude production bases in Libya started shutting down as a result of the military blockade. The prices have retreated lower during the European and American session, however, tensions remain high.  Fundamental analysis: Prices higher on Libya supply disruption  A few hours before the Berlin Conference on Libya actually started, one of the sides in the Libyan civil war that controls the eas...

AIM-listed Nigerian-headquartered oil explorer Lekoil has temporarily suspended trading of its shares following a loan scandal involving a company that claimed to be working for Qatar Sovereign Investment Fund. A report by Alliance news indicated that the oil producer made preliminary arrangements with a company purporting to be representing Qatar Investment Authority to receive a $184-million loan in the month. The funds were meant to finance th...

China says it will buy an additional $95 billion worth of commodities from the US as a boost to phase one trade agreement. But doubts still lurk in the market.Most prices for the raw materials that were captured in the deal dipped on Wednesday, as Bloomberg Commodity Index dropped 0.4%. According to traders, the only way for markets to realise real gains would be to see an increase in shipments. The pessimistic comment came after the White House...

Commodities-focused trading firm Block Commodities is planning to increase value in African agriculture through the use of blockchain. The company, which recently appointed Professors Andrew Garner and Justin Stebbing as part of its Scientific Advisory Team (SAT), is looking to discover and unveil lucrative opportunities in the medical cannabis and CBD wellness fields. Project leaders The company is working with other partners to establish pilot...