Oil prices hold steady
Oil prices were little changed on Thursday, as a higher-than-expected fuel inventory drawdown in the US and renewed tensions in the Middle East countered strength in the dollar, reports Reuters.Brent crude futures inched up 8 cents, or 0.11 per cent, to $70.86 a barrel by 1251 GMT, while US West...
Read more
Chicago corn prices set to challenge decades-long streaks
CHICAGO, March 20 (Reuters): If the recent tariff-fueled selloff in Chicago corn futures felt extreme, that's because it was, especially given the season.Huge swings in new-crop corn prices are not typically seen in the beginning months of the year due to upcoming harvest uncertainties across the Americas.Corn trade has been...
Read more
UK fines London Metal Exchange over nickel price spike
LONDON, Mar 20 (AFP): The UK's financial regulator fined the London Metal Exchange £9.2 million ($11.9 million) on Thursday over inadequate systems and controls to deal with a controversial spike in nickel prices in 2022.The Financial Conduct Authority noted that the LME's nickel price experienced "extreme volatility" in early March...
Read more
Gold steadies near record highs on Fed rate cut hints
Gold prices were steady on Thursday, after touching another record high earlier in the session, driven by the Federal Reserve's indication of likely interest rate cuts later this year and geopolitical and economic uncertainty fuelling safe-haven demand for the bullion, reports Reuters.Spot gold held steady at $3,044.44 an ounce as...
Read more
