Commodities

Commodities: NYMEX gasoline on a tear as traders take stock of Harvey
Energy futures are racing higher across the board as markets continued to take stock of the situation on the US Gulf coast in the wake of hurricane Harvey, especially after the storm made landfall the day before near the Louisiana border forcing Motiva's refinery at Port Arthur - the country's largest - offline.

Commodities: NYMEX gasoline futures probe two-year highs
Commodities came under pressure as the greenback rebounded, albeit with gasoline futures probing two year highs on the back of disruptions from hurricane Harvey.

Commodities: Greenback on the backfoot after Yellen speech, gold the main beneficiary
Safe haven gold stuck to a $20 dollar range on Friday, with a low of $1,275/oz. and a high of $1,295/oz. by 1600 BST, thanks to comments from Fed chair Janet Yellen, who was speaking at the Jackson Hole symposium of central bankers.

Commodities: Gold lower as dollar firms ahead of Jackson Hole
Gold futures traded slightly lower on Thursday as the US dollar gained some ground, with the December contract down 0. 28% to $1,291/Oz. as investors adopted a "wait and see" approach ahead of the Jackson Hole symposium, eager for any clues from US Fed chair Janet Yellen who was due to speak on Friday.

Commodities: Latest Trump comments help lift gold higher as risk off theme takes hold
The latest round of comments from the White House were enough to push safe haven assets higher on Wednesday as the US President threatened to allow a US government shutdown if he did not obtain sufficient funding to build a wall along the US/Mexico border.

US oil inventories dip despite rising imports and domestic output, DoE says
US crude oil stockpiles dipped last week, despite a rise in imports and domestic oil production.

Commodities: Gold rallies after Barcelona attacks and Trump dissaray
Friday saw markets waking up to terror attacks in Barcelona which left 14 people dead and around 100 injured.

Commodities: Choppy day for gold as dollar steadies
Gold futures stabilized on Thursday as the US dollar remained subdued after Wednesday's minutes from the FOMC (Federal Open Market Committee) hinted at a delay in any rate hikes in the US.

Commodities: Latest FOMC minutes reignite buying in gold
Wednesday saw a weaker dollar on the back of the latest release from the FOMC (Federal Open Market Committee), after members dampened any rate hike expectations for this year, as "many" rate-setters see sub 2% inflation persisting longer than expected.

WTI falls back as DoE reveals rise in weekly US oil output
US crude oil stockpiles fell sharply despite rising imports amid still high levels of refinery runs.

Energy boss warns of volatile gas prices after rig closure
Gas prices are set for increased volatility heading into winter after the closure of a major storage facility off the east coast of England, the CEO of a key energy alliance group has said.

Commodities: Positive US data strengthens greenback, commodities lose ground
With the positive US retail sales report showing volumes up by 0. 6% on the month for July, the dollar index has seen its strongest level since the start of the month, up 0. 44% on the day.

Commodities: Gold retreats from two-month highs as tensions calm
Monday saw gold selling off from recent highs as tensions between the US and North Korea seemed to simmer down over the weekend.

Commodities: Russia caps gains in gold
Friday saw Russian Foreign Minister Sergei Lavrov urge Pyongyang and Washington to sign up to a previously unveiled joint Russian-Chinese plan under which North Korea would freeze missile tests.

OPEC oil output compliance slipping, IEA warns
World oil demand is growing more strongly than previously thought, but revisions to past data for demand from developing economies means the excess oil on the market will clear less quickly than initially expected later in 2017, according to the rich-world's energy watchdog.

Commodities: Pyongyang outlines plans for launch demonstration, gold rallies as rhetoric builds
The latest rhetoric from North Korea has been to outline a plan for a launch demonstration, simulating an attack on US Pacific territory Guam.

Commodities: Geopolitical tensions push gold higher
Gold saw a $10 move higher on Wednesday as tensions mounted between the US and North Korea over comments made by both sides.

WTI little changed despite big drop in weekly US oil stockpiles
US crude oil stockpiles fell last week as refineries ramped up production and imports declined.

Commodities: Stronger USD weighs on gold
The USD found some much needed strength on Tuesday with the release of the JOLTS job opening figures which came in above market expectations and showed that 6. 16m job openings were created in August.

Commodities: Gold stabilises after US NFP excitement
Gold was fairly stable on Monday, with the precious metal stagnant, trading within a four dollar range ($1,256/$1,260) throughout much of the overnight and UK trading sessions to end 0. 01% lower on the day to $1,258 per ounce.