Goldman Sachs Cuts 2027 Gold Forecast to $4 bin 650 an Ounce
The bank lowered its year-end target as it expects another Fed rate increase, but sees central bank buying supporting gold longer term.
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Shell Starts Gas Production at Egypt’s Mina West Field
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Silver Institute Sees Demand Falling 5% as Supply Gap Persists
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IEA Sees Oil Supply Reaching 108.1 Million Barrels a Day in 2027
The agency expects global supply to rebound next year, while warning that attacks on energy infrastructure and shipping leave its outlook vulnerable.
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Gold Rebounds After Three-Day Slide as Rate Concerns Persist
Bullion recovered from a more-than-one-year low, but higher oil prices and US rate expectations continued to weigh on the outlook.
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Europe Enters Winter With Its Lowest Gas Stocks of the 2020s
Storage was 71.6% full on Nov. 11, while Rystad Energy sees winter prices exposed to supply shocks and weaker demand.
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Copper Hits Three-Month Low as Aluminum Premium Sets Record
Copper fell to a three-month low as weak industrial demand weighed, while tight aluminum inventories pushed its spot premium to a 36-year high.
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Trump’s Iran Stance Reignites Oil Supply Concerns
Brent and U.S. crude rose after Trump said Washington no longer needed a deal, while an analyst saw little change in negotiating positions.
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Iran Claims Explosions Disabled Two Tankers in Strait of Hormuz
The Revolutionary Guards said the ships carried more than 4 million barrels, but their identities and the damage remain unverified.
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ASEAN Agrees to Create Shared Emergency Oil Stocks
The planned reserve would store crude in Indonesia and Thailand, with the Philippines seeking access to gasoline and diesel supplies.
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Browse’s $30 Billion Cost Puts Financing Under Scrutiny
Critics warn tightening bank policies may limit funding, while an analyst says the project’s partners can tap overseas lenders.
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European Gas Prices Recover as Iran Conflict Risks Return
The Dutch TTF benchmark rose from a one-month low as traders grew less optimistic about a U.S.-Iran peace deal.
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Brent Rallies as Iran Rejects Reports of U.S. Talks
Brent crude climbed nearly 3% after an Iranian official denied negotiations with Washington, while analysts saw little sign of a quick end to the war.
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Yttrium Supply Gap Sharpens Before Expected Trump-Xi Meeting
China extended a pause on some rare-earth controls, but separate yttrium licensing rules remain in force as prices diverge sharply.
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Saudi Oil Output Rebounds Near Pre-War Levels in October
The kingdom told OPEC that production rose to 10.563 million barrels per day, its highest reported level since February.
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