Unstamped brown eggs. Picture Alliance | Picture Alliance | Getty Images Bird flu fears are driving up egg prices again. After having subsided for most of 2023, a recent resurgence of avian influenza in poultry facilities across the U.S., Japan and other nations have caused prices of eggs to jump again. The virus, commonly referred … Read more
An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion. Gold prices notched another record close … Read more
A refinery from the north of the Persian Gulf in Iran. Saeid Arabzadeh | Afp | Getty Images Oil prices could soar to $100 per barrel and beyond, said market watchers, after Iran mounted an aerial attack against Israel reigniting fears of a regional war. Iran is home to vast oil resources and is the … Read more
The U.S. economy has avoided a recession so far but the risk of a deeper economic downturn still looms, according to financial analyst Gary Shilling. Take U.S. small businesses as one of the “normal harbingers of recessions, [such as] the yield curve, the leading indicators,” Shilling said. “Small businesses are very sensitive to economic conditions … Read more
A liquefied natural gas tanker sails past a container terminal as it arrives in Yokohama, Japan, May 21, 2018. Tomohiro Ohsumi | Bloomberg | Getty Images Natural gas prices have plunged as the world grapples with an oversupply after a warmer-than-expected winter. The recent heyday in liquefied natural gas boosted prices and profits, spurring a … Read more
Gold bars and coins. Brightstars | E+ | Getty Images Gold prices extended their rally and scaled to another record high on Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 1.32% to trade at $2,265.53 per ounce. U.S. gold futures rose more than … Read more
A farmers holds cocoa beans while he is drying them at a village in Sinfra, Ivory Coast, on April 29, 2023. Luc Gnago | Reuters Consumers could start to see the impact of surging cocoa prices as the world faces the worst supply deficit in decades, with farmers in West Africa struggling against bad weather, … Read more
Gold is flying right now. Prices of the precious metal have soared to record highs due to expectations of interest rate cuts and geopolitical tensions around the ongoing wars in Ukraine and Gaza. After the U.S. Federal Reserve left rates unchanged and penciled in three rate cuts this year, gold prices soared as high as … Read more
People browsing gold jewelry in Istanbul. Burak Kara | Getty Images News | Getty Images The rally in gold continues with prices hitting an all-time high on Thursday — and there’s room for it to rise more as central banks continue to purchase bullion in record amounts. Prices could rise to $2,300 per ounce in … Read more
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Oil prices fell Monday after oil cartel OPEC+ agreed to extend voluntary output reductions until the second quarter, in an effort to support the short-term stability of crude markets. Global benchmark Brent fell 73 cents, or 0.89%, to $82.81 a barrel Monday, while U.S. West Texas … Read more
