Asian markets rise amid lull in global tensions

2020-01-06

Asian markets gained in early trading Tuesday as Middle East tensions remained high, but at least didn’t rise any higher. U.S. Defense Secretary Mark Esper on Monday said U.S. troops are not planning on pulling out of Iraq, despite the release of a draft letter than suggested as much, andRead More →

Why geopolitical events are not a good reason to buy gold

2020-01-06

Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →

Oil rises on inventory drop as traders await OPEC meeting

2019-12-04

Oil futures rose Wednesday, buoyed after industry data showed a large drop in U.S. crude oil inventories and as traders await a meeting of OPEC producers and their allies amid growing expectations for an agreement to extend and deepen output cuts. West Texas Intermediate crude for January delivery CLF20, +4.05%Read More →

CME to launch block cheddar cheese futures

2019-11-14

The $39 trillion listed derivatives business is about to get tastier. The CME Group CME, +0.52%  on Thursday said it’s going to launch block cheese futures and options next year. Each contract will represent the equivalent of 20,000 pounds of block cheddar cheese. The CME said it will consider launchingRead More →