The world in a state of flux; IMF warns of “Clouds on the Horizon”

The International Monetary Fund (IMF) revised down its forecast for the Asian economy amid the mounting COVID-19 fallout, projecting a 1.6 per cent contraction in 2020, and warning of “clouds on the horizon.” The latest projection is a downgrade to the forecast of zero growth in the April World Economic Outlook (WEO), indicating stronger global […]

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Australia says resource and energy export earnings to fall, but from record highs

The current global downturn triggered by the COVID-19 pandemic is affecting commodities in a wide variety of ways, but Australia’s overall export outlook is still relatively strong, a government report said, adding that export earnings are estimated to set an all-time record in 2019–20. The report by Australia’s Department of Industry, Science, Energy and Resources […]

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Past week highlighted looming crisis, uncertain recovery for commodities

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The World Economic Outlook (WEO) has forecast global growth at –4.9 per cent in 2020, 1.9 percentage points below the April 2020. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. According to […]

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After options trading in gold, silver, BSE launches new contracts in almond

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The Bombay Stock Exchange (BSE) has launched monthly futures contracts in almonds, which is the world’s only available derivatives contract for trading in almonds. This move came days after BSE had launched options trading in Gold mini and Silver contracts on its platform. After receiving approval from Sebi, NSE launched options on gold mini on June 8, […]

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Over $37 billion gold project spend needed by 2025: Wood Mackenzie

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Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programs halted or cancelled and project disruptions hampering production, the summit is in sight, according to research firm Wood Mackenzie’s latest report.  As organic growth is waning, miners are looking to buy gold through mergers and acquisitions to secure […]

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