Commodity Roundup: Gold Near Fresh Record High, China Demand Concerns Weigh on Oil

Gold prices extended their rally to Tuesday, trading close to an -all-time high amid rising hopes that the Federal Reserve would cut interest rates by the end of the year, while oil prices ticked lower on lingering demand concerns.

Seeking Alpha05:14 ET

MetalsFocus: The US dollar is expected to continue to remain strong, and precious metals prices may retreat moderately during the summer.

MetalsFocus pointed out that due to the interest rate differential still benefiting the US dollar, the US dollar is expected to continue to remain strong in the near future. In addition, considering the relatively fast rise in precious metal prices over the past three months, precious metal prices may experience a moderate pullback during the summer.

Zhitong Finance01:57 ET

Iamgold | 6-K: Report of foreign private issuer (related to financial reporting)

SEC announcement17:24 ET · Announcements

IAMGOLD Provides Notice of Second Quarter 2024 Results and Conference Call

Toronto, Ontario--(Newsfile Corp. - July 15, 2024) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") is pleased to announce it plans to release its second quarter 2024

newsfile17:00 ET

Ubs Group: Gold still has room for growth, but silver will perform better.

With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.

wallstreetcnJul 15 04:26 ET

Precious Metals Start a Rally After Soft US CPI Data – TDS

Precious metals rally started after below expected US inflation data hit the market. Asian demand for Gold (XAU/USD) and Silver (XAG/USD) goes up, TDS senior commodity strategist Ryan McKay notes.

FXStreetJul 11 11:31 ET