This Month
Saudi Aramco plans to slash capex in 2021
The state oil company is set to spend about half what it had planned next year, and to keep it at that level through at least 2023.
- Matthew Martin and Javier Blas
Gold loses its shine as bond yields soar
Gold has fallen more than 10 per cent since hitting a record high on Friday, with investors fleeing safe havens, suddenly upbeat on the near-term economic outlook.
- William McInnes
London traders hit $700m jackpot when oil went negative
The actions of a tiny London firm called Vega Capital may have breached rules on trading around settlement periods and contributed to oil’s precipitous fall.
- Liam Vaughan, Kit Chellel and Benjamin Bain
Bank of America lifts iron ore forecasts through 2024
A more balanced global supply and demand picture, with strong Chinese demand and more stimulus yet to materialise, will bolster prices, the firm said.
- Timothy Moore
Five reasons why gold is soaring (and could go a lot higher)
Last month, one analyst predicted the metal would hit $US2500 by December next year. Other market watchers believe it could happen as early as next week
- Hannah Denham
Gold tops $US2055 as monetary finance enters fray
Gold reset record highs on Thursday after the US Treasury said it would seek a record $US112 billion in new debt.
- Luke Housego
Oil rally defies second wave fears
Oil prices rose to a five-month high on Thursday, extending the rally in the price of Brent crude to more than 130 per cent since March's low.
- William McInnes
Gold surge could see price push past $US3000
Gold rose to a fresh record high on Wednesday after surging past the $US2000 mark, leading analysts to predict a move to $US3000 is likely in the next 18 months.Â
- William McInnes
July
Committed Fed supports gold rally
The Federal Reserve's commitment to keep interest rates low has underscored the market's belief real rates will remain negative, pushing gold prices higher.
- William McInnes
- Opinion
- Investing
Gold's day will come, but markets are wrong to bet on wild inflation
Inflation expectations are shooting up, but at the same time the Fed is holding down nominal rates by financial repression. Gold will have its day of glory but don't jump the gun.
- Ambrose Evans-Pritchard
Rare earnings bright spot with gold at $US2000 in sight
Gold prices surged to a fresh record high on Tuesday with the precious metal closing in on $US2000 an ounce ahead of an earnings season when gold miners are tipped to shine.
- William McInnes
Fear and cheap money send gold price soaring
Gold's surge past its 2011 high leads a stealth rally in Bitcoin and government bonds that tell a more ominous story than the performance of the equity market suggests.
- Tom Richardson and Vesna Poljak
Iron ore price to halve from $US110: budget forecasts
Treasury is forecasting the price of iron ore to almost halve by the end of the year on account of uncertainty about the supply and demand outlook for the bulk commodity that's trading at $US110 a tonne.
- William McInnes
Global COVID-19 pasta binge boosts demand for durum wheat
Canada is the world's top exporter of durum, which is milled into semolina flour for spaghetti. Just as output sank in major markets, the coronavirus sparked a wave of panic buying.
- Jen Skerritt and Peyton Forte
In copper country, they're using the metal to fight the virus
In a Chilean laboratory, a company is touting the use of tiny specks of the metal to contain the spread of COVID-19.
- Carolina Gonzalez
Some Japanese aluminium buyers agree Q3 premium at $US79 a tonne
The latest quarterly pricing talks began in late May between Japanese buyers and global producers, including Rio Tinto, and South32.
- Yuka Obayashi
- Investigation
- Crime
The mystery of $4b of loans backed by fake gold
The Chinese financial community is in shock after a large number of gold bars used as collateral for loans turned out to be nothing but gilded copper
- Updated
- Wu Yujian, Wu Hongyuran and Han Wei
Iron ore price set to slide but budget boost intact
The price of iron ore, Australia's largest export, will slide below $US100 a tonne in the new financial year, a sharp contrast to forecast gains for oil.
- William McInnes
June
'If there was a cheese VIX, it would have been spiking'
Like the price of oil and silver, US cheese prices are set, in part, by traders in commodities markets. And as cheddar futures whipsawed, traders descended from around the world for a wild ride.
- Matt Phillips
The world's ultra-rich are snapping up gold
Before the pandemic, most private banks recommended their clients hold none or just a tiny amount of gold. Now some are channelling up to 10 per cent of their clients' portfolios into the precious metal.
- Simon Jessop and Brenna Hughes Neghaiwi
