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IPO plans for Meir Commodities India LtdMeir Commodities India Ltd has embarked on the journey to become a publicly traded entity by filing its initial paperwork with the Securities and Exchange Board of India (Sebi). The firm intends to generate funding through an initial public offering (IPO), representing a notable move in its growth strategy.…

Gold prices retreat amid profit realizationGold prices are facing downward pressure today as investors indulge in profit realization following the recent surge of the metal. After hitting historic highs earlier in the week, traders are now cashing in their profits, resulting in a price pullback. This activity occurs as market participants reevaluate their positions in…

Olam experiences significant drop in yearly profitOlam Group, a prominent agricultural commodities trader based in Singapore, announced a notable decline in its underlying profit for the full year, attributing it to increased net finance expenses and a dramatic rise in commodity prices as primary reasons. The company reported an operational profit after tax and minority…

Effects of tariffs on consumer costsDesjardins analysts emphasize that the implementation of tariffs is expected to elevate consumer costs across numerous sectors. When import taxes are enacted, businesses generally transfer these extra expenses to consumers, resulting in increased retail costs. This phenomenon is particularly evident in sectors that depend heavily on foreign raw materials and…

China’s regulatory framework for copper smeltingChina is tightening its control over the copper smelting industry with fresh regulations aimed at managing sector growth. The most recent initiatives are designed to prevent unregulated expansion while ensuring that local supply chains are robust and efficient. These measures are part of a larger plan to harmonize economic advancement…

Trends in the iron ore marketOn Tuesday, iron ore futures experienced a decline as the market landscape changed with a rise in shipments. This drop follows an increase in iron ore availability, putting pressure on prices as traders evaluate the equilibrium between supply and demand. In Singapore, the standard iron ore contract saw a decrease,…

Gold prices fall as traders secure profitsOn Monday, gold prices experienced a downturn as investors capitalized on profits after a recent surge that propelled the metal to all-time highs. This decline follows a strong showing last week, where gold increased due to hopes for possible interest rate reductions by the U.S. Federal Reserve. As of…

Geopolitical tensions fuel weekly gains in goldGold is set to achieve its eighth straight weekly increase, showcasing heightened demand from investors in light of growing geopolitical tensions and economic unpredictability. This week, the precious metal has climbed over 1%, propelled by worries regarding global stability and evolving trade policies. Market watchers are attentively observing changes…

Trends and Analysis of WTI Crude Oil PricesThe prices of WTI crude oil have shown significant variations in recent trading periods, mirroring broader market perceptions and the dynamics of supply and demand. According to the most recent update, the NYMEX WTI Crude Oil contract (CLJ25) is being traded at a point that highlights both volatility…

Gold prices surge as US Treasury yields declineGold prices have experienced a significant increase as US Treasury yields keep falling, prompting investors to turn to the precious metal for safety. The decrease in US Treasury yields has exerted downward pressure on the US dollar, making gold more appealing to buyers globally. The recent yield decline…