Market News - Gold, Oil & Forex

The U.S. dollar is cracking-and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades. Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium-once written off-has clawed its way back to $1,350. Add an unstable...

Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, climate goals, volatile global energy markets and the urgent need for structural energy independence. It’s a big wishlist, and nuclear may be the fastest way to realize it. Massive power demand by the tech giants and hyperscalers is exceeding traditional grid capacities in Europe and the United...

The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petroleum Corp., moved to the first phase of production despite the peak oil demand narrative that has dominated the past decade, especially in Canada. Canadian oil sands have been in the focus of transition attention as especially energy-intensive, meaning emission-intensive, and as a high-cost way of...

Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the current August 31 deadline, even as markets celebrate the U.S.-Iran agreement and the expected reopening of the Strait of Hormuz. Officially, Germany insists there are no physical shortages. That's true. But governments generally don't keep discussing emergency measures when they're completely...

The Middle East war has upended global shipping, raising bunker fuel costs, altering trade routes, and forcing shippers and their container cargo customers to adapt to a new reality. Soaring costs of marine fuels have brought forward the peak cargo shipping season to the spring, ahead of additional fuel costs that vessel owners will roll into annual contracts as of July 1. As a result of the expected higher fuel costs and in anticipation of potentially higher U.S. tariffs on imported goods as...

(RTTNews) - Reversing the gains from yesterday's session, crude oil prices have edged lower on Thursday following the reopening of the Strait of Hormuz and the resumption of the free flow of oil from the gulf. Concerns related to early restoration of output in Arab nations restr

Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided over a signing ceremony on June 16 in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources.  Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was...

Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when...

The biggest state-owned refiners in China and India have failed to procure supertankers to load crude from the Persian Gulf later in June as tanker rates are too high and guarantees on safe passage through the Strait of Hormuz lacking, Reuters reported on Thursday, quoting company and shipping sources.  In the past few days, energy giant PetroChina has received six offers in a tender to procure a very large crude carrier (VLCC) to load Basrah crude from Iraq. PetroChina did not like any of the...

A study of analyst recommendations at the major brokerages shows that Silvercorp Metals Inc (Symbol: SVM) is the #33 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index. The Metals Channel Gl