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Commodities

EU wheat export outlook promising as harvest, Russia eyed

PARIS, June 18 (Reuters) – French sales to China, a big expected Romanian crop and competitive prices for German and Baltic supplies should yield brisk EU wheat shipments at the start of next season while an export levy clouds Russian prospects, analysts and traders said. 

PRECIOUS-Gold heads for worst week in 9 months after Fed blow

* Dollar heads for best week in 9 months * Commerzbank maintains $2,000/oz gold price year-end forecast * Palladium set for biggest weekly fall since March 2020 (Recasts, adds comment, updates prices) By Nakul Iyer June 18 (Reuters) – Gold struggled for direction in choppy trading on Friday en route to its worst week in nine months as the dollar resumed its rally while investors took stock of the U.S. 

GLOBAL MARKETS-Wall Street down, dollar spikes as investors review recovery bets

* Major U.S. indices open sharply lower * Treasury yields rise; dollar near two-month highs By Huw Jones and Pete Schroeder LONDON/WASHINGTON, June 18 (Reuters) – Wall Street opened lower on Friday as investors reassessed their stance after the Federal Reserve projected interest rate hikes arriving sooner than once thought, while the dollar and U.S. 

Global carbon price floor would limit global warming – IMF staff

By Andrea Shalal WASHINGTON, June 18 (Reuters) – An agreement by some or all of the Group of 20 countries on a flexible global carbon price floor would help limit global warning to 1.5 to 2 degrees Celsius, the International Monetary Fund said in a new staff paper released Friday. 

Asia Gold-Price drop lures some buyers in India; China discounts dip

* Indian jewellery stores seeing lower footfalls- dealer * China discounts narrow to $5/oz from $12-$16 earlier this week * Singapore investment demand strong as inflation a worry-dealer By Rajendra Jadhav and Swati Verma June 18 (Reuters) – Gold purchases in India ticked up in the later part of the week after a decline in local rates, although dealers cautioned that demand is unlikely to return to normal levels soon.