Tag Archives: Commodity markets

Gold investors face challenges ahead of Glory 2020

Gold wrapped up its best annual performance in years. What comes next is idolatry surviving on unpredictable dynamics, ranging from the strength of the global economic recovery to the health of the US dollar. One of the most active sell-offs in gold futures for February delivery ended Thursday’s session at …

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Oil prices plummet like new coronavirus strain Travel bans

New strains of coronavirus found in the UK led to a drop in oil prices on Monday and new travel bans were lifted across Europe, raising concerns that more lockdowns could occur globally. International benchmark Brent crude fell 2.6% to .9 50.91 a barrel. Major U.S. Crude gauge futures linked …

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US Steel will buy the rest of the new, low-cost steel mill

United States Steel Corp. Big has agreed to acquire the remaining .10.1% stake in Big River Steel LLC for 74 million, giving the steelmaker ownership of one of the country’s newest, most advanced steel mills. Osola, Arch of the Big River. Owned by Mills, US Steel rivals Newcore Corp., one …

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