Gold closes in on an all-time high thanks to de-dollarization and banking uncertainty

Tech Insider
gold
Gold prices have rallied in 2023, with investors fretting about turmoil in the US's regional banking sector.

David Gray/Reuters

Dow leaps 546 points as US stocks surge after Apple earnings and hot April jobs report

Tech Insider
traders

(Photo by ANGELA WEISS/AFP via Getty Images)

Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West

Tech Insider
putin gold
Vladimir Putin.

REUTERS/Alexsey Druginyn

'Shark Tank' star Kevin O'Leary dismisses de-dollarization talk and says he won't accept the yuan due to distrust of China's government

Tech Insider
kevin oleary pinblock shark tank abc

ABC

Lumber prices fall toward multi-year lows as pending home sales slump and industry searches for supply balance

Tech Insider
lumber store
A man loads pieces of two-by-four wood onto his cart in the lumber section at a home improvement store on August 16, 2022 in Alhambra, California.

FREDERIC J. BROWN/AFP via Getty Images

Investors should own metals and mining stocks as commodities are the next sector to boom after China's reopening, Goldman Sachs chief equities strategist says

Tech Insider
Congested city intersection with many shops and digital billboards
Shenzhen, China

Tuul & Bruno Morandi/Getty Images

Retailers bought so much stuff during the pandemic that it's overburdening warehouses — and it may be causing a 'freight recession,' analyst says

Tech Insider
Two container ships floating on ocean carrying hundreds of shipping containers
Retailers bought so much stuff during the pandemic that it may be causing a 'freight recession,' an analyst says.

Allen J. Schaben / Los Angeles Times via Getty Images

Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.

Tech Insider

Welcome to the weekend. I'm Phil Rosen. Today we're talking energy — and I'm sharing a conversation with a leading expert on Russian diesel flows.

Pakistan just became the latest country to snap up cheap Russian oil

Tech Insider
An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government.
Pakistan has placed it first order for discounted Russian oil, according to Reuters.

Asif Hassan/AFP

Germany looks to cut its reliance on China with a new $2.2 billion commodities fund

Tech Insider
Nord Stream 1 German Chancellor Olaf Scholz
German Chancellor Olaf Scholz (R) stands next to Christian Bruch, President and CEO of Siemens Energy, in front of a turbine of the Nord Stream 1 pipeline as Scholz gives a statement during a visit on August 3, 2022 at the plant of Siemens Energy in Muelheim an der Ruhr, western Germany.

SASCHA SCHUERMANN / Getty Images

Subscribe to Commodities